Class Act Federal Credit Union was established by a small group of JCPS teachers in 1954 to serve the personal finance needs of JCPS teachers and other school employees. At that time, teachers had very limited access to loans or credit of any kind. The credit union filled this need and did so at very competitive rates. Other area school districts expressed interest, and within a few short years, the credit union was serving all public school employees in the Metro Louisville area as well as employees from a good number of private schools. In 1994, Class Act’s field of membership was expanded to include the University of Louisville by way of a merger with the University of Louisville Student & Alumni Credit Union.