Blue Federal Credit Union is headquartered in Cheyenne and is the largest credit union in the state of Wyoming. It is also the 264th largest credit union in the nation. It was established in 1951 and as of March of 2022, it had grown to 311 employees and 112,400 members at 20 locations. Blue Federal Credit Union's savings rates are 10X the national average, and it has a B+ health rating.
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
Best CU I’ve worked with!! They are helpful and always go above and beyond!!
Blue uses Docusign to send membership application documents online for prospective members to sign. These emails are locked with access codes. After getting my membership approved, Docusign sent a follow-up unencrypted, confirmation email with all the application forms attached. Our social security numbers were displayed in full plaintext in those emails.
Why bother using access codes to view application forms within Docusign if Docusign is going to just wind up sending those PDFs later on unencrypted without hiding them behind at least an access code?
Many credit unions need to improve their security practices for membership signups online. Blue isn't the only one at fault here. I get staff at other CUs asking me to send social security cards as regular email attachments.
I currently have a loan with them and it’s a headache.
Their mobile app has major functionality flaws.
I uploaded proof of insurance multiple times.
I have tried to set up auto pay multiple times and have to call in on status only to find the docusign they sent had an error.
I call Blue FC bi-weekly to ensure my payments have gone through.
At this point I’m paying my loan off ASAP to mitigate Blue FC from potentially ruining my Credit Score.
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!
Overall | |
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NCUA # | 7361 |
Year Chartered | 1951 |
Employees | 311 |
Primary Regulator |
Profit Margin | |
---|---|
Return on Assets - YTD | 0.9% |
Return on Equity - YTD | 10.69% |
Annual Interest Income | $15.2MM |
Assets and Liabilities | ||
---|---|---|
Assets | Q1 2022vs Q1 2021 | $1.68B$1.51B |
Loans | Q1 2022vs Q1 2021 | $1.33B$1.10B |
Deposits | Q1 2022vs Q1 2021 | $1.44B$1.36B |
Equity Capital | Q1 2022vs Q1 2021 | $139.3MM$129.4MM |
Loan Loss Allowance | Q1 2022vs Q1 2021 | $6.4MM$8.3MM |
Unbacked Noncurrent Loans | Q1 2022vs Q1 2021 | $7.4MM$4.2MM |
Real Estate Owned | Q1 2022vs Q1 2021 | $0$0 |
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.