About Class Act Academy
For the 2010-2011 school year, Class Act opened a fully functioning in-school credit union branch at Doss High School, known as the Class Act Federal Credit Union Academy of Business and Finance at Doss High School. Being a Business and Information Technology (BIT) school, Doss partnered with Class Act to open the branch through the leadership of Class Act’s Tom Anonson, Executive Vice President. During the 2012-2013 school year the program was expanded and a branch was opened at Southern High School with two locations on campus. The purpose of the high-school branch initiative is to help fulfill the core mission of the Board and Management of Class Act in order to provide financial literacy to youth.
As the only education-based credit union in the area, and specifically the credit union for JCPS employees since 1954, the Board of Directors at Class Act have been educators as well, and see it as their mission to create a community of smart savers. The branches provide convenient locations to meet the financial needs of students and staff. The focus of these branches is to provide financial literacy to students and this is done through providing the students real world work experience as well as classroom education. Students are required to complete online classroom financial literacy modules which allow them to become certified in areas of personal finance.
Before a student can participate in the Academy, they are required to participate in a paid summer training program with Class Act. During this time, students have the opportunity to work in a real-life rewarding environment at the main branch. They shadow departments while being educated on the operations and philosophy of the credit union. Throughout their training, they are taught the basic skills required to move into an entry level position within a financial institution.
As a result of the success of the Academy, Class Act hired students to work during spring and winter breaks as well as throughout the summers. Class Act has also hired students that have been graduated to work at the U of L and main branches in various positions, including management. Additional students have been hired to work at the area shared branch locations. Through the Academy, these students have been provided opportunities for career exploration and preparation and have learned the skills necessary to function in today’s society.
If you are interested in learning more about the Class Act Federal Credit Union Academy of Business and Finance at Doss and Southern High Schools, please contact Tom Anonson by email or by phone at (502) 964-7575.
Doss High School
Our Doss branch is located at 7601 Saint Andrews Church Road. The branch is open to staff and students during limited hours. It follows the JCPS school calendar for days of operation.
Southern High School
Our Southern High School branch is located at 8620 Preston Highway. The branch is open to staff, students, and the general public during limited hours. It follows the JCPS school calendar for days of operation.
FAQ About Class Act Academy
What is the Class Act Academy of Business and Finance at Doss and Southern High Schools?
Credit union branches staffed by Doss and Southern students
Are Doss and Southern High School students eligible for membership? What about their parents/guardians?
Yes! JCPS students are eligible for membership. Once a student has opened an account, then immediate family members (or guardians) are eligible for membership, as well.
What do I need to open an account?
Two forms of identification, one being state-issued
Can a student open a checking account?
Savings accounts can be opened without a parent/guardian signature. If the potential member is 16 or 17 years old and wants to open a checking account, a parent or guardian must also be named on the account, and must present two forms of identification.
Because members are the owners of the credit union, they must open a savings account, and deposit $25 into the account (considered their “share” in the institution). The $25 must remain in the account until it is closed. If the potential member is between the ages of 16 and 24, the initial $25 deposit is waived when opening a Student Honors Checking account.
What are the benefits of opening an account?
Members have access to a full spectrum of personal financial products, including checking accounts, share certificates, online banking, and Bill Pay service.
Members who are 16 or older are eligible to obtain a debit card for their checking account.
Students and parents can benefit from Class Act’s lifetime of financial services, and know they are an integral part of the credit union and its success.