Jun, 30, 2024 — CLASS ACT FEDERAL CREDIT UNION is a federal credit union headquartered in LOUISVILLE, KY with 5 branch locations and about $315.98 million in total assets. Opened 71 years ago in 1954, CLASS ACT FEDERAL CREDIT UNION has about 20,251 members and employs 71 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: | https://www.classact.org |
| Branches: | 5 branch locations |
| Members: | 20,251 |
| 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: | $315,983,505 |
| CEO/Manager: | Lynn Huether |
| Chairperson: | Jeremy Hudson |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 26,771,119 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 89,330,236 |
| Unsecured Loans | 20,349,987 |
| Other Loans | 78,904,160 |
| TOTAL LOANS | 188,584,383 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,080,741 |
| Land And Building | 5,623,750 |
| Other Fixed Assets | 1,657,146 |
| NCUSIF Deposit | 2,727,954 |
| All Other Assets | 0 |
| TOTAL ASSETS | 315,983,505 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 4,680 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 2,615,375 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 75,776,798 |
| Regular shares | 100,864,228 |
| All Other Shares & Deposits | 109,583,534 |
| TOTAL SHARES & DEPOSITS | 286,224,560 |
| TOTAL LIABILITIES | 288,844,615 |
| Regular Reserve | 0 |
| Other Reserves | -1,736,275 |
| Undivided Earnings | 28,875,165 |
| TOTAL EQUITY | 27,138,890 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 315,983,505 |
| INCOME & EXPENSE | |
| Loan Income | 6,447,909 |
| Investment Income | 600,134 |
| Other Income | 1,757,334 |
| Total Employee Compensation & Benefits | 3,452,613 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 4,742,761 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 505,000 |
| Cost of Funds | 818,291 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,259,635 |
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