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CLASS ACT FEDERAL CREDIT UNION

Mar, 31, 2022 — CLASS ACT FEDERAL CREDIT UNION is a federal credit union headquartered in LOUISVILLE, KY with 5 branch locations and about $316.13 million in total assets. Opened 68 years ago in 1954, CLASS ACT FEDERAL CREDIT UNION has about 19,898 members and employs 70 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:CLASS ACT FEDERAL CREDIT UNION
Address:
(Main Office)
3620 Fern Valley Rd
LOUISVILLE, KY 40219-1917
Phone:(502) 964-7575
Fax:(502) 966-2061
Website:http://www.classact.org
Branches:5 branch locations
Members:19,898
Credit Union Type:Federal Credit Union
Charter Number:9106
Membership Type:Multiple common bond - Primarily educational
Corporate Credit Union:No
Year Opened:1954
Last Audited:Dec 01, 2021
FHLB Member:Yes
Low Income Designation:No
Assets:$316,125,663
CEO/Manager:Lynn Huether
Chairperson:Jeremy Hudson

Call Report

  • Credit Builder
  • Payday Alternative Loans (PAL Loans)

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 39,735,340
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 81,292,458
 Unsecured Loans 18,974,716
 Other Loans 73,963,034
 TOTAL LOANS 174,230,208
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -823,220
 Land And Building 5,709,662
 Other Fixed Assets 1,719,667
 NCUSIF Deposit 2,686,178
 All Other Assets 0
  TOTAL ASSETS 316,125,663
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 2,669,965
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 73,788,816
 Regular shares 104,966,835
 All Other Shares & Deposits 108,106,972
  TOTAL SHARES & DEPOSITS 286,862,623
  TOTAL LIABILITIES 289,532,588
 Regular Reserve 0
 Other Reserves -1,297,038
 Undivided Earnings 27,890,113
  TOTAL EQUITY 26,593,075
  TOTAL LIABILITIES, SHARES, & EQUITY 316,125,663
INCOME & EXPENSE  
 Loan Income 1,993,922
 Investment Income 132,244
 Other Income 559,620
 Total Employee Compensation & Benefits 1,072,957
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 1,527,542
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 60,000
 Cost of Funds 273,416
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 274,586
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