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 289th largest credit union in the nation. It was established in 1951 and as of December of 2019, it had grown to 253 employees and 89,960 members at 14 locations. Blue Federal Credit Union 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

Change Rate From 04.01.2020 - 4/1/2020

APY* up to $15,000 Silver 1.5% Gold 2.50% Sapphire 3.50% Above $15,00 0.05%

Blue Federal Credit Union Has 17-Month CD Special, Up To 2.75% APY - 10/23/2019

Blue Federal Credit Union (easy membership) has a limited-time 17-month CD Special, which can earn up to 2.75% APY. Minimum of $2k of new money to open.

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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

Unfair And Inconsistent Member Service

Posted by: |

I have been a long standing good member of Warren and now Blue Federal for approximately twenty years. This past Friday , 3/13/20 I visited the Cheyenne Dell Range Branch to cash a payroll check. It was a sizable check from Laramie County Government with my pay stub attached.

I presented the teller with all the correct ID and documentation to alleviate any concerns of it being fraudulent. When I advised the teller I wanted to cash the check she said she was only “aloud” to give me cash for half and I could return “tomorrow” for the remainder. They were limiting “cash withdrawals per day”

At my insistence she talked with a Manager and returned to the counter a few minutes later. She now said per the Manager I could get half of it in cash today. Additionally I would be required to “ submit a written request and wait seven days to return for the other half”

If this was due to the check possibly being fraudulent it would be understandable for them to place a temporary hold on all or some of the funds. That was not the case at all. I took the check back from her and took it to the bank it was written on where I cashed it with no issues. They processed the check quickly, cashed it in full and did not charge me anything at all.

A year or so ago I wrote a $300 check to a Friend. He went to the same Blue Federal branch to cash it. He was informed they were going to charge him $5.00 to cash it because he was not also a member. A few days later I spoke with a Manager. She informed me Warren and Now Blue has “always” charged to cash members checks written to non members. Having been a member for approximately twenty years I know that is not true.

The way Blue treats it’s members and overall business practices has solidified my resolve to discontinue all financial dealings with Blue. Furthermore I will recommend other members I know do the same.

When your wondering how Blue Federal Credit Union can afford to build its WORLD HEADQUARTERS here in Cheyenne this review may assist you with some answers.

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
Employees253
Primary Regulator
Profit Margin
Return on Assets - YTD0.99%
Return on Equity - YTD9.71%
Annual Interest Income$48.8MM
Assets and Liabilities
AssetsQ4 2019vs Q4 2018$1.15B$1.06B
LoansQ4 2019vs Q4 2018$980.1MM$908.1MM
DepositsQ4 2019vs Q4 2018$1.00B$876.1MM
Equity CapitalQ4 2019vs Q4 2018$116.6MM$105.1MM
Loan Loss AllowanceQ4 2019vs Q4 2018$5.0MM$4.7MM
Unbacked Noncurrent LoansQ4 2019vs Q4 2018$8.3MM$3.8MM
Real Estate OwnedQ4 2019vs Q4 2018$0$0
  User-submitted Promotions & Notices

This section lists recent deals, promotions and rate changes submitted by our community within the past 90 days. Always verify official rates and promotions with the bank or credit union.

Change Rate From 04.01.2020

  |  
APY* up to $15,000 Silver 1.5% Gold 2.50%
Sapphire 3.50%
Above $15,00 0.05%

Rates

Rates for Blue Federal Credit Union are currently being reviewed.

Locations

Availability

Denver Area

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