About Class Act

About Class Act

Class Act Federal Credit Union was established by a small group of JCPS teachers in 1954 to serve the personal finance needs of JCPS teachers and other school employees. At that time, teachers had very limited access to loans or credit of any kind. The credit union filled this need and did so at very competitive rates. Other area school districts expressed interest, and within a few short years, the credit union was serving all public school employees in the Metro Louisville area as well as employees from a good number of private schools. In 1994, Class Act’s field of membership was expanded to include the University of Louisville by way of a merger with the University of Louisville Student & Alumni Credit Union.

Today, although the banking industry has changed dramatically, the credit union’s mission remains virtually the same – to serve the personal finance needs of our local educational community. As a member-owned, not-for-profit cooperative, our focus is to serve the best interests of our member-owners.


Our Vision

To be our members’ first choice for a lifetime of financial services


Class Act Federal Credit Union is committed to:


Our Mission

Class Act Federal Credit Union is a financial institution that specializes in providing quality services for our members.
Total Assets – $226,877,670
Total Members – 18,938
Total Select Employee Groups – 38
Proudly serving the areas of Jefferson County, Bullitt County, Oldham County, Shelby County, Nelson County, and Spencer County.


The Benefits of Membership

Class Act is proud to say that we have saved our members millions of dollars in the last year. Not only have we helped our members save an average of $490 per household in the 12 months ending June 2018, but we’ve also been able to save our members on:

New Auto Loans – Our members saved over $255,000 on new auto loans
Used Auto Loans – Our members saved over $1,154,000 on used auto loans
Credit Cards – Our members saved over $191,000 on their credit cards.
Mortgages & Home Equity Line of Credit – Our members saved over $24,000 on their mortgages and Home Equity Lines of Credit.
Fees – Our members saved over $386,000 thanks to fewer and/or lower fees in 2017 and 2018.

On average, $233 was saved per member and $490 was saved per household. (Source: Informa Research Services, National Credit Union Administration, and Credit Union National Association)

*All data was collected in the 12 months ending June 2018.


Class Act Timeline

1954 – Established Classroom Teachers Federal Credit Union 
1956 – First dividend declared
1960 – First Official Office (Seneca HS)
1963 – First Auto Loan
1969 – First Real Estate Loan
1971 – Relocated to Old Prestonia School
1978 – First Share Certificate Issued
1980 – Began Share Draft & ATM Program
1981 – Relocated to Poplar Level Road
1987 – Broke ground for new C Bldg
1994 – U of L Student & Alumni Credit Union Merger
1996 – Class Act Reaches $50 Million in Assets
1999 –Introduced Home Banking
2000 – The first shared branch location
2000 – Building Expansion
2005 – Changed name to Class Act Federal Credit Union
2010 – Doss High School branch was opened
2012 – U of L branch relocated to Cardinal Towne
2012 – Southern High School branch was opened
2013 – East branch was opened
2016 – Main branch renovation complete
2017 – Class Act Reaches $200 Million in Assets

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