Featured Savings Rates
Featured Accounts

Blue Federal Credit Union

Popular Accounts at this Credit Union

APYACCOUNT TYPEACCOUNT NAME
2.00%Reward CheckingExtreme Checking Silver - Qualifying
1.60%5-year CD60 Month CD - Silver
0.65%1-year CD12 Month CD - Silver

Overview / Commentary
800-368-9328
114 E 7th Ave
Cheyenne, WY 82001

Blue Federal Credit Union is headquartered in Cheyenne and is the largest credit union in the state of Wyoming. It is also the 299th largest credit union in the nation. It was established in 1951 and as of June of 2017, it had grown to 237 employees and 76,215 members at 14 locations. Blue Federal Credit Union's savings rates are 10X the national average, and it has an A health rating.

Field of Membership Restrictions

Membership in Blue Federal Credit Union is open to anyone through joining the Blue Foundation ($5 opening deposit is your donation). Membership is also open to employees and base contractors at F. E. Warren Air Force Base, or through select employee groups.
See current membership details

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Reviews (8)

Blue FCU

Posted by: aseamons | Aug 19, 2016

We became members of Blue FCU recently after our previous credit union merged with this group. I was a little anxious about the merger because of the necessity to be able to access funds and be able to pay bills. I was pleasantly surprised, first by the volume of information that was sent out to prior to the merger, and secondly because the merger seemed to go off without a hitch. We didn't experience any interruption in banking service during the merger process. I was able to easily switch my direct deposit as well as my direct withdrawal bills over to the Blue FCU information. For me, a bank is successful if I don't have to take the time to visit a branch or speak with someone. I prefer to do everything online, and am able to do this effectively and efficiently with Blue FCU. Very happy with our credit union!

Great Bank!

Posted by: cmuscha | Oct 6, 2011

I have to say this is truly one of the best banks out there. They are friendly, reliable and are always trying to save you money. Eric Miller is great! I live in PA and he treats me like I am a local high profile customer! He is great at returning calls and keepig his word. Bill Hollman is great, he truly shows why he is in a high position! The only bad thing is that I dont get a payment book or a bill for my loan, but their service makes up for it!! I feel like family even though I live in PA!

My thanks goes out to the whole Warren FCU team!!

Chris M.

Wexford, PA

Misleading

As previously mentioned, the APY is a gimmick. Blue designed an impossibly complex "point" system that, in theory, could earn up to 4%. The requirement to earn said points includes being a member for several years, taking out multiple loans in addition to the debit/ACH requirements. More annoying, they have weird transfer limits on the amount one can deposit within a 3 month period (meaning it took a least 4 months to reach $10,000 from a Chase account I was eager to close). Additionally, lucrative 5% savings account is a bit of a gotcha as well, in the event you exceed the $1000 at any point in the month (including the earned APY earned on the last day) you forfeit the 5% and settle for 0.01% FOR THE WHOLE THING - not just funds over the threshold. Currently in the procss of closing the account (albeit slowly due to transfer limitations). #moveon

WARNING! DO NOT BANK WITH BLUE FCU

Posted by: WillB | Mar 30, 2017

As a Long member of Warren Federal Credit Union, I strongly advise you to stay away from this bank. Financial services have changed for the worse. Customer service is horrible. You have been warned!

Stop The Insanity !

Bad Bad Bad ! Don't sign up with this Credit Union! I was hung up on for about 10th time.
They keep putting my Debit Card into Fraud... I can't pay bills... even though there is $3000.00 in my account.
Please for your own sanity.... DO NOT USE THIS CREDIT UNION... I PROMISE YOU WILL REGRET IT ! ALL I CAN SAY IS SAVE YOURSELF !

It's Not 4%

Blue FCU's 4% APY reward checking account actually requires you to open 6 (six!) other accounts with them, such as a credit card, mortgage, and unsecured loan. Otherwise, you get 2%.

I finally figured this out in the middle of the application process (after they pulled my credit "to verify my identity") so I'm giving up on them.

The whole thing reminds me of Wells Fargo's wrongdoing.

Vehicle Loan

Posted by: tasey | Oct 10, 2012

This credit union is not helpful at all they have lost multipule payments of mine will be going to a different credit union! Before I have to send in my next payment I would not recomend this credit union id rather go to a bank and have a higher intrest rate then deal with warrens headaches and unorganized business.

Terrible Organization

Posted by: Anonymous | Aug 27, 2012

What a dysfunctional and disorganized organization! They have had my loan a month and I'm already refinancing it with a reputable organization! I hope no one has to do business with this organization in the future!



Health

Health Grade Components

Overall
NCUA #7361
Year Chartered1951
Employees237
Primary Regulator
Profit Margin
Return on Assets - YTD0.7%
Return on Equity - YTD7.16%
Annual Interest Income$18.4MM
Assets and Liabilities
AssetsQ2 2017vs Q2 2016$947.5MM$864.0MM
LoansQ2 2017vs Q2 2016$796.3MM$721.8MM
DepositsQ2 2017vs Q2 2016$810.5MM$734.4MM
Equity CapitalQ2 2017vs Q2 2016$91.6MM$86.6MM
Loan Loss AllowanceQ2 2017vs Q2 2016$4.2MM$4.2MM
Unbacked Noncurrent LoansQ2 2017vs Q2 2016$4.9MM$5.0MM
Real Estate OwnedQ2 2017vs Q2 2016$60.00K$0
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Blue Federal Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.99%*$25*$1kAccelerated Savings
OTHER TIERS: 0.10% $1k+
1.25%*$25*$5kChristmas Club Savings
OTHER TIERS: 0.10% $5k+
0.10%--Membership Share Savings
0.10%$1k-Business Share Savings

Blue Federal Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.55%*$100k*-Ultra Money Market Account
OTHER TIERS: 0.10% $2,500 - $100k
0.45%*$100k*-Tiered Money Market Accounts
OTHER TIERS: 0.10% $1k - $15k | 0.20% $15k - $25k | 0.25% $25k - $75k | 0.35% $75k - $100k
0.45%*$100k*-Business Tiered Money Market
OTHER TIERS: 0.10% $1k - $15k | 0.20% $15k - $25k | 0.25% $25k - $75k | 0.35% $75k - $100k

Blue Federal Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.00%*-$15kExtreme Checking Sapphire - Qualifying
OTHER TIERS: 0.25% $15k+
3.00%*-$15kExtreme Checking Gold - Qualifying
OTHER TIERS: 0.25% $15k+
2.00%*-$15kExtreme Checking Silver - Qualifying
OTHER TIERS: 0.25% $15k+
0.50%$1,500-Business Plus Checking

Blue Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.10%$2k-60 Month CD - Sapphire
1.85%$2k-60 Month CD - Gold
1.80%$2k-48 Month CD - Sapphire
1.60%$2k-60 Month CD - Silver
1.60%$5k-Business 60 Month CD
1.60%$2k-24 Month CD - Sapphire
1.55%$2k-48 Month CD - Gold
1.40%$2k-30 Months Expandable CD - Sapphire
1.35%$2k-24 Month CD - Gold
1.30%$2k-48 Month CD - Silver
1.30%$5k-Business 48 Month CD
1.15%$2k-12 Month CD - Sapphire
1.15%$2k-30 Months Expandable CD - Gold
1.10%$2k-24 Month CD - Silver
1.10%$5k-Business 24 Month CD
0.90%$2k-6 Month CD - Sapphire
0.90%$2k-12 Month CD - Gold
0.90%$2k-30 Months Expandable CD - Silver
0.65%$2k-12 Month CD - Silver
0.65%$5k-Business 12 Month CD
0.65%$2k-6 Month CD - Gold
0.40%$2k-6 Month CD - Silver
0.40%$5k-Business 6 Month CD

Blue Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.10%$2k-60 Month IRA - Sapphire
1.85%$2k-60 Month IRA - Gold
1.80%$2k-48 Month IRA - Sapphire
1.60%$2k-24 Month IRA - Sapphire
1.60%$2k-60 Month IRA - Silver
1.55%$2k-48 Month IRA - Gold
1.35%$2k-24 Month IRA - Gold
1.30%$2k-48 Month IRA - Silver
1.15%$2k-12 Month IRA - Sapphire
1.10%$2k-24 Month IRA - Silver
0.90%$2k-6 Month IRA - Sapphire
0.90%$2k-12 Month IRA - Gold
0.65%$2k-12 Month IRA - Silver
0.65%$2k-6 Month IRA - Gold
0.40%$2k-6 Month IRA - Silver
Locations

Availability