2. Blue Federal Credit Union

Blue Federal Credit Union

Popular Accounts at this Credit Union

APYACCOUNT TYPEHOW THEY COMPARE
2.90%5-year CD
2.27% - National Average
1.90%1-year CD
1.38% - National Average
0.10%Savings
0.26% - National Average
View all Blue Federal Credit Union rates »

Overview / Commentary
www.bluefcu.com
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 292nd largest credit union in the nation. It was established in 1951 and as of December of 2018, it had grown to 265 employees and 82,406 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 (11)

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!

7

Credit Check

Posted by: elarh | Nov 1, 2017

Must have 3 or less credit checks in the past 2 years to qualify (per chex) opening an account

5

Misleading

Posted by: David Harmon | Jul 3, 2017

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

38

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

11
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Health
A

Data as of Q4 2018

Learn why bank health matters

Health Grade Components

Overall
NCUA #7361
Year Chartered1951
Employees265
Primary Regulator
Profit Margin
Return on Assets - YTD0.9%
Return on Equity - YTD9.02%
Annual Interest Income$41.8MM
Assets and Liabilities
AssetsQ4 2018vs Q4 2017$1.06B$964.1MM
LoansQ4 2018vs Q4 2017$908.1MM$804.4MM
DepositsQ4 2018vs Q4 2017$876.1MM$825.1MM
Equity CapitalQ4 2018vs Q4 2017$105.1MM$95.7MM
Loan Loss AllowanceQ4 2018vs Q4 2017$4.7MM$4.5MM
Unbacked Noncurrent LoansQ4 2018vs Q4 2017$3.8MM$5.1MM
Real Estate OwnedQ4 2018vs Q4 2017$0$214.00K
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+
1.55%--Sky High Savings
1.25%*$25*$5kChristmas Club Savings
OTHER TIERS: 0.10% → $5k+
0.10%$1-Membership Share Savings
0.10%$25-HSA Checking - Free
0.10%$1k-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
4.00%*-$15kExtreme Checking Sapphire - Qualifying
OTHER TIERS: 0.10% → $15k+
3.00%*-$15kExtreme Checking Gold - Qualifying
OTHER TIERS: 0.10% → $15k+
2.00%*-$15kExtreme Checking Silver - Qualifying
OTHER TIERS: 0.10% → $15k+
0.50%$1.5k-Business Plus Checking

Blue Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.90%*$100k*-60 Month CD
OTHER TIERS: 2.40% → $2k - $50k | 2.65% → $50k - $100k
2.75%*$100k*-48 Month CD
OTHER TIERS: 2.25% → $2k - $50k | 2.50% → $50k - $100k
2.60%*$100k*-36 Month CD
OTHER TIERS: 2.10% → $2k - $50k | 2.35% → $50k - $100k
2.45%*$100k*-30 Month Expandable CD
OTHER TIERS: 1.95% → $2k - $50k | 2.20% → $50k - $100k
2.40%$5k-Business 60 Month CD
2.30%*$100k*-24 Month CD
OTHER TIERS: 1.80% → $2k - $50k | 2.05% → $50k - $100k
2.25%$5k-Business 48 Month CD
2.10%$5k-Business 36 Month CD
1.90%*$100k*-12 Month CD
OTHER TIERS: 1.40% → $2k - $50k | 1.65% → $50k - $100k
1.80%$5k-Business 24 Month CD
1.40%$5k-Business 12 Month CD
1.10%*$100k*-6 Month CD
OTHER TIERS: 0.60% → $2k - $50k | 0.85% → $50k - $100k
0.60%$5k-Business 6 Month CD

Blue Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.90%*$100k*-60 Month IRA
OTHER TIERS: 2.40% → $2k - $50k | 2.65% → $50k - $100k
2.75%*$100k*-48 Month IRA
OTHER TIERS: 2.25% → $2k - $50k | 2.50% → $50k - $100k
2.60%*$100k*-36 Month IRA
OTHER TIERS: 2.10% → $2k - $50k | 2.35% → $50k - $100k
2.30%*$100k*-24 Month IRA
OTHER TIERS: 1.80% → $2k - $50k | 2.05% → $50k - $100k
1.90%*$100k*-12 Month IRA
OTHER TIERS: 1.40% → $2k - $50k | 1.65% → $50k - $100k
1.10%*$100k*-6 Month IRA
OTHER TIERS: 0.60% → $2k - $50k | 0.85% → $50k - $100k
Locations

Availability

Cheyenne Area

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