Class Act Federal Credit Union

Specialties

Class Act FCU is a modern, full-​service financial institution, chartered in 1954 to serve the needs of teachers and other educational professionals. Today, the Credit Union continues to cater to the needs of the broader educational community — JCPS employees & students, University of Louisville students and alumni, and 30 other education-​based member groups. If you, or someone in your family or household works or has studied at a local school or university you may be eligible to join.

Benefits include: the best rates on loans of all types, including credit cards, auto loans, personal loans and real estate loans; high yields on savings as well as checking accounts; convenient branches and shared branch availabilty (over 4,000 nationwide) and multiple ATM networks.

Class Act FCU is a not-​for-​profit financial institution wholly owned by the members who bank here. It is very well-​capitalized, sound, and is federally insured by NCUA, a US Government agency.

History

Established in 1954.

The Credit Union was established as Classroom Teachers Federal Credit Union by a small group of Jefferson County Public School teachers, with the support of Superintendent Richard Van Hoose. The credit union provided a much-​needed alternative to commercial banks who were unwilling or uninterested in serving the financial needs of teachers who were predominantly female. This was especially true when these teachers sought auto loans or mortgages. The Credit Union made its first «office» in a small broom closet under a stairwell at Seneca High School but quickly grew. Bullitt County and other school systems were eager to join and the number of member groups swelled to over 30. In 1994 the University of Louisville Student & Alumni Credit Union was in need of help and merged with the larger and more stable Classroom Teachers FCU. In 2005, due in large part to the merger, the name was changed to Class Act FCU. Today the Credit Union has 19,000 members and $ 175 million in assets.

Meet the Manager

Patrick C.

Manager

Pat is Senior VP of Marketing and Business Development.