Blue Federal Credit Union


Overview / Commentary
307-432-5417
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 274th largest credit union in the nation. It was established in 1951 and as of June of 2020, it had grown to 242 employees and 94,864 members at 17 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

Blue FCU

Posted by: |

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!

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

I Was Going To Open An Account With Them But...

Posted by: |

The few times I've had to call, the wait times are over 30 minutes each time I call. I have to work and can't be on hold that long. Imagine if I had an emergency and needed to reach someone? Apparently this credit union used to be amazing when it went by the name of Warren and went to hell once it became Blue. Read Yelp reviews. I was attracted by the high interest rate, but it's not worth the hassle and there are others out there with similar interest rates that are actually great and reliable. I applied to two other credit unions and one bank on the same day I applied for this one - they all had me signed up within days-except this credit union - they haven't even contacted me back. I've decided not to open with them and go with another credit union instead.

Great Bank!

Posted by: |

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

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Health

Health Grade Components

Overall
NCUA #7361
Year Chartered1951
Employees242
Primary Regulator
Profit Margin
Return on Assets - YTD0.69%
Return on Equity - YTD7.37%
Annual Interest Income$27.3MM
Assets and Liabilities
AssetsQ2 2020vs Q2 2019$1.34B$1.12B
LoansQ2 2020vs Q2 2019$1.04B$958.1MM
DepositsQ2 2020vs Q2 2019$1.19B$914.8MM
Equity CapitalQ2 2020vs Q2 2019$121.4MM$110.0MM
Loan Loss AllowanceQ2 2020vs Q2 2019$7.0MM$4.7MM
Unbacked Noncurrent LoansQ2 2020vs Q2 2019$3.7MM$4.8MM
Real Estate OwnedQ2 2020vs Q2 2019$0$0
Rates
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Always verify rates and promotions with the bank or credit union. We are not Blue Federal Credit Union; we are a rate comparison website and cannot provide official rates or promotions.

* 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
5.00%*$25*$1kAccelerated Savings
OTHER TIERS: 0.10% $1k+
1.25%*$25*$5kChristmas Club Savings
OTHER TIERS: 0.10% $5k+
0.65%--Sky High Savings
0.10%$25-Membership Share Savings
0.10%$25-HSA Checking - Free
0.10%$100-Business Share Savings
0.10%$25-Supplemental Savings

Blue Federal Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.55%*$100k*-Ultra Money Market Account
OTHER TIERS: 0.10% $2.5k - $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
3.50%*-$15kExtreme Checking Sapphire - Qualifying
OTHER TIERS: 0.05% $15k+
2.50%*-$15kExtreme Checking Gold - Qualifying
OTHER TIERS: 0.05% $15k+
1.50%*-$15kExtreme Checking Silver - Qualifying
OTHER TIERS: 0.05% $15k+
0.25%$1.5k-Business Plus Checking

Blue Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.40%*$100k*-60 Month CD
OTHER TIERS: 1.20% $2k - $50k | 1.30% $50k - $100k
1.30%*$100k*-48 Month CD
OTHER TIERS: 1.10% $2k - $50k | 1.20% $50k - $100k
1.20%$5k-Business 60 Month CD
1.10%$5k-Business 48 Month CD
1.10%*$100k*-36 Month CD
OTHER TIERS: 0.90% $2k - $50k | 1.00% $50k - $100k
1.00%*$100k*-30 Month Expandable CD
OTHER TIERS: 0.80% $2k - $50k | 0.90% $50k - $100k
0.90%*$100k*-24 Month CD
OTHER TIERS: 0.70% $2k - $50k | 0.80% $50k - $100k
0.90%$5k-Business 36 Month CD
0.70%*$100k*-12 Month CD
OTHER TIERS: 0.50% $2k - $50k | 0.60% $50k - $100k
0.70%$5k-Business 24 Month CD
0.50%*$100k*-6 Month CD
OTHER TIERS: 0.30% $2k - $50k | 0.40% $50k - $100k
0.50%$5k-Business 12 Month CD
0.30%$5k-Business 6 Month CD

Blue Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.40%*$100k*-60 Month IRA
OTHER TIERS: 1.20% $2k - $50k | 1.30% $50k - $100k
1.30%*$100k*-48 Month IRA
OTHER TIERS: 1.10% $2k - $50k | 1.20% $50k - $100k
1.10%*$100k*-36 Month IRA
OTHER TIERS: 0.90% $2k - $50k | 1.00% $50k - $100k
0.90%*$100k*-24 Month IRA
OTHER TIERS: 0.70% $2k - $50k | 0.80% $50k - $100k
0.70%*$100k*-12 Month IRA
OTHER TIERS: 0.50% $2k - $50k | 0.60% $50k - $100k
0.50%*$100k*-6 Month IRA
OTHER TIERS: 0.30% $2k - $50k | 0.40% $50k - $100k
Locations

Availability

Cheyenne Area

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