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Blue Federal Credit Union


Overview / Commentary
www.bluefcu.com
307-432-5417
2401 E. Pershing Blvd
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 272nd largest credit union in the nation. It was established in 1951 and as of March of 2021, it had grown to 264 employees and 100,323 members at 19 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

Related Posts

PROMO One Week Only Signup 7-Month CD $2000 Max 7% APY - 6/16/2021

Just received this promo email from Blue FCU. 70th Anniversary Term Share Celebrate and Save Big! To honor our members, past and present, we are offering a 7-month term share, with a rate of 7.00% APY*. Take advantage of this great rate today! Offer only available from June 21st - June 30th. *Annual percentage yield. Limited time offer. Effective 6/21/2021-6/30/2021. $1,000 minimum deposit required to open the account. $2,000 maximum deposit for IRAs and term share certificates. Rates subject to change. New money only or a maturing term share. Rewards for Life rate bonus cannot be used in combination with promotional rate. Early withdrawal penalties apply. Dividends compounded monthly. [URL="https://www.bluefcu.com/termshare?utm_term=70th%20Anniversary%20Term%20Share&utm_campaign=Hit%20the%20Jackpot%2C%20with%20Blue%21&utm_content=email&utm_source=Act-On+Software&utm_medium=email&cm_mmc=Act-On%20Software-_-email-_-Hit%20the%20Jackpot%2C%20with%20Blue%21-_-70th%2

Blue Federal Credit Union's Competitive 60-Month CD Rates - 8/26/2020

Blue Federal Credit Union (easy membership) 60-month CD has competitive tiered rates with balance tiers of $100k, $50k and $1k. These are also available as IRA CDs.

Blue Federal Credit Union Offers Competitive CDs and Checking - 8/14/2020

Blue Federal Credit Union (easy membership) offers competitive rates on long-term CDs, a 30-month add-on CD and a reward checking account called Extreme Checking.

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Reviews (19)

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!

8

Misleading

Posted by: |

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

57

Wish I Could Give The. ZERO Stars

Posted by: |

Horrible customer service, they say one thing and do something else. Their automated teller is an absolute joke, their website is confusing and difficult to work with. I made a payment on the 28th, it was taken out of my bank on the 29th but didn't post on their end until the 2nd of the next month. So my credit suffered because they can't do their job in a timely manner? I've had numerous loans and never been treated like this. Trust me go with a different bank... just because they are a credit union means nothing, they are far worse than Caput One... which I've also had an auto loan with. Please listen to me and do not give these joker any business because to be frank they don't deserve it.

4

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

14
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Health
A

Data as of Q1 2021

Learn why bank health matters

Health Grade Components

Overall
NCUA #7361
Year Chartered1951
Employees264
Primary Regulator
Profit Margin
Return on Assets - YTD0.63%
Return on Equity - YTD7.19%
Annual Interest Income$13.6MM
Assets and Liabilities
AssetsQ1 2021vs Q1 2020$1.51B$1.25B
LoansQ1 2021vs Q1 2020$1.10B$994.4MM
DepositsQ1 2021vs Q1 2020$1.36B$1.12B
Equity CapitalQ1 2021vs Q1 2020$129.4MM$119.1MM
Loan Loss AllowanceQ1 2021vs Q1 2020$8.3MM$5.7MM
Unbacked Noncurrent LoansQ1 2021vs Q1 2020$4.2MM$6.2MM
Real Estate OwnedQ1 2021vs Q1 2020$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: 0.25% → $50k+ | 0.45% → $10k - $50k | 0.75% → $5k - $10k | 1.34% → $1k - $5k
1.25%*$25*$5kChristmas Club Savings
OTHER TIERS: 0.10% → $5k+
0.45%--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
0.10%$25-IRA Savings

Blue Federal Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.35%*$100k*-Ultra Money Market Account
OTHER TIERS: 0.10% → $2.5k - $100k
0.30%*$100k*-Money Market Account
OTHER TIERS: 0.10% → $1k - $15k | 0.15% → $15k - $25k | 0.20% → $25k - $75k | 0.25% → $75k - $100k
0.30%*$100k*-Business Money Market
OTHER TIERS: 0.10% → $1k - $15k | 0.15% → $15k - $25k | 0.20% → $25k - $75k | 0.25% → $75k - $100k

Blue Federal Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.00%*-$15kExtreme Checking Sapphire - Qualifying
OTHER TIERS: 0.05% → $15k+
2.00%*-$15kExtreme Checking Gold - Qualifying
OTHER TIERS: 0.05% → $15k+
1.00%*-$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
1.10%*$100k*-60 Month CD
OTHER TIERS: 1.00% → $1k - $50k | 1.05% → $50k - $100k
0.85%$5k-Business 60 Month CD
0.80%*$100k*-48 Month CD
OTHER TIERS: 0.70% → $1k - $50k | 0.75% → $50k - $100k
0.65%$5k-Business 48 Month CD
0.65%*$100k*-36 Month CD
OTHER TIERS: 0.55% → $1k - $50k | 0.60% → $50k - $100k
0.60%*$100k*-30 Month Expandable CD
OTHER TIERS: 0.50% → $1k - $50k | 0.55% → $50k - $100k
0.55%*$100k*-24 Month CD
OTHER TIERS: 0.45% → $1k - $50k | 0.50% → $50k - $100k
0.55%$5k-Business 36 Month CD
0.50%$5k-Business 24 Month CD
0.40%*$100k*-12 Month CD
OTHER TIERS: 0.30% → $1k - $50k | 0.35% → $50k - $100k
0.35%$5k-Business 12 Month CD
0.25%*$100k*-6 Month CD
OTHER TIERS: 0.15% → $1k - $50k | 0.20% → $50k - $100k
0.15%$5k-Business 6 Month CD

Blue Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.10%*$100k*-60 Month IRA
OTHER TIERS: 1.00% → $1k - $50k | 1.05% → $50k - $100k
0.80%*$100k*-48 Month IRA
OTHER TIERS: 0.70% → $1k - $50k | 0.75% → $50k - $100k
0.65%*$100k*-36 Month IRA
OTHER TIERS: 0.55% → $1k - $50k | 0.60% → $50k - $100k
0.55%*$100k*-24 Month IRA
OTHER TIERS: 0.45% → $1k - $50k | 0.50% → $50k - $100k
0.40%*$100k*-12 Month IRA
OTHER TIERS: 0.30% → $1k - $50k | 0.35% → $50k - $100k
0.25%*$100k*-6 Month IRA
OTHER TIERS: 0.15% → $1k - $50k | 0.20% → $50k - $100k
Locations

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