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Blue Federal Credit Union

Popular Accounts at this Credit Union

APYACCOUNT TYPEACCOUNT NAME
2.00%Reward CheckingExtreme Checking Silver - Qualifying
1.93% - National Average
1.60%5-year CD60 Month CD - Silver
2.80% - Barclays 60 Month Online CDAdvertisement
0.65%1-year CD12 Month CD - Silver
2.20% - Barclays 12 Month Online CDAdvertisement
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 300th largest credit union in the nation. It was established in 1951 and as of December of 2017, it had grown to 241 employees and 77,280 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

27

Misleading 4% Reward Checking

Posted by: Suber | Feb 5, 2018

You have to bank with Blue over 15 years to get the 4%! It's a point system that they don't tell you over the phone. Don't be like me and order checks move your money give out all of your information just to find out your getting .05%. STAY AWAY!! They lied to me over the phone and you won't find out until 30 days after trying what rate you will receive.

14
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Health
A

Data as of Q4 2017

Learn why bank health matters

Health Grade Components

Overall
NCUA #7361
Year Chartered1951
Employees241
Primary Regulator
Profit Margin
Return on Assets - YTD0.77%
Return on Equity - YTD7.73%
Annual Interest Income$37.7MM
Assets and Liabilities
AssetsQ4 2017vs Q4 2016$964.1MM$906.3MM
LoansQ4 2017vs Q4 2016$804.4MM$766.8MM
DepositsQ4 2017vs Q4 2016$825.1MM$790.7MM
Equity CapitalQ4 2017vs Q4 2016$95.7MM$88.3MM
Loan Loss AllowanceQ4 2017vs Q4 2016$4.5MM$4.1MM
Unbacked Noncurrent LoansQ4 2017vs Q4 2016$5.1MM$7.2MM
Real Estate OwnedQ4 2017vs Q4 2016$214.00K$68.00K
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+
1.25%*$25*$5kChristmas Club Savings
OTHER TIERS: 0.10% → $5k+
0.10%--Membership Share Savings
0.10%$25-HSA Checking - Free
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
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