Dec, 31, 2023 — CLASS ACT FEDERAL CREDIT UNION is a federal credit union headquartered in LOUISVILLE, KY with 6 branch locations and about $301.11 million in total assets. Opened 70 years ago in 1954, CLASS ACT FEDERAL CREDIT UNION has about 21,023 members and employs 80 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 |
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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: | 6 branch locations |
Members: | 21,023 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 9106 |
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Membership Type: | Multiple common bond - Primarily educational |
Corporate Credit Union: | No |
Year Opened: | 1954 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $301,111,368 |
CEO/Manager: | Lynn Huether |
Chairperson: | Ruth Ann Reteneller |
ASSETS: | $ Amount |
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Cash & Equivalents | 20,877,681 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 93,511,026 |
Unsecured Loans | 23,354,503 |
Other Loans | 92,293,898 |
TOTAL LOANS | 209,159,427 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,700,747 |
Land And Building | 5,448,309 |
Other Fixed Assets | 1,422,003 |
NCUSIF Deposit | 2,688,821 |
All Other Assets | 21,326 |
TOTAL ASSETS | 301,111,368 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 2,999,652 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 68,474,401 |
Regular shares | 86,505,310 |
All Other Shares & Deposits | 114,057,512 |
TOTAL SHARES & DEPOSITS | 269,037,223 |
TOTAL LIABILITIES | 272,036,875 |
Regular Reserve | 0 |
Other Reserves | -1,971,341 |
Undivided Earnings | 31,045,834 |
TOTAL EQUITY | 29,074,493 |
TOTAL LIABILITIES, SHARES, & EQUITY | 301,111,368 |
INCOME & EXPENSE | |
Loan Income | 11,209,388 |
Investment Income | 1,398,262 |
Other Income | 2,386,782 |
Total Employee Compensation & Benefits | 5,488,311 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 7,293,916 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 935,000 |
Cost of Funds | 2,211,292 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 2,245,959 |
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