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 301st largest credit union in the nation. It was established in 1951 and as of September of 2017, it had grown to 244 employees and 77,200 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

Related Posts

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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!

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

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

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.

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Health

Health Grade Components

Overall
NCUA #7361
Year Chartered1951
Employees244
Primary Regulator
Profit Margin
Return on Assets - YTD0.73%
Return on Equity - YTD7.49%
Annual Interest Income$28.0MM
Assets and Liabilities
AssetsQ3 2017vs Q3 2016$961.3MM$899.3MM
LoansQ3 2017vs Q3 2016$804.3MM$746.9MM
DepositsQ3 2017vs Q3 2016$824.1MM$779.9MM
Equity CapitalQ3 2017vs Q3 2016$93.6MM$87.7MM
Loan Loss AllowanceQ3 2017vs Q3 2016$4.4MM$4.2MM
Unbacked Noncurrent LoansQ3 2017vs Q3 2016$5.2MM$5.4MM
Real Estate OwnedQ3 2017vs Q3 2016$75.00K$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