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CLASS ACT FEDERAL CREDIT UNION

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
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
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

Call Report

  • Credit Builder
  • Payday Alternative Loans (PAL Loans)

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
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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