Blue Federal Credit Union


Overview / Commentary
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 250th largest credit union in the nation. It was established in 1951 and as of September of 2022, it had grown to 324 employees and 115,855 members at 20 locations. Blue Federal Credit Union's savings rates are 10X the national average, and it has a B+ 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

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

Credit Check

Posted by: |

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

Can't Open Online

Posted by: |

Welcome to Blue Federal Credit Union
We apologize that we are unable to complete your request online. Please visit one of our branches to open your account. To schedule an appointment click here.

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Health
B+

Health Grade Components

Overall
NCUA #7361
Year Chartered1951
Employees324
Primary Regulator
Profit Margin
Return on Assets - YTD0.62%
Return on Equity - YTD8.16%
Annual Interest Income$48.6MM
Assets and Liabilities
AssetsQ3 2022vs Q3 2021$1.84B$1.58B
LoansQ3 2022vs Q3 2021$1.50B$1.22B
DepositsQ3 2022vs Q3 2021$1.45B$1.39B
Equity CapitalQ3 2022vs Q3 2021$138.3MM$137.3MM
Loan Loss AllowanceQ3 2022vs Q3 2021$7.7MM$7.1MM
Unbacked Noncurrent LoansQ3 2022vs Q3 2021$9.8MM$3.6MM
Real Estate OwnedQ3 2022vs Q3 2021$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: 0.15% $50k+ | 0.25% $10k - $50k | 0.50% $5k - $10k | 1.00% $1k - $5k
1.25%*$25*$5kChristmas Club Savings
OTHER TIERS: 0.01% $5k+
0.30%--Sky High Savings - Online Only
0.05%$25-IRA Savings
0.01%$25-Membership Share Savings
0.01%$25-Health Savings Account
0.01%$100-Business Share Savings
0.01%$25-Supplemental Savings

Blue Federal Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.15%$1-Money Market Deposit Account Via SaveBetter
0.30%*$100k*-Ultra Money Market Account
OTHER TIERS: 0.01% $2.5k - $100k
0.25%*$100k*-Money Market Account
OTHER TIERS: 0.01% $1k - $15k | 0.10% $15k - $25k | 0.15% $25k - $75k | 0.20% $75k - $100k
0.25%*$100k*-Business Money Market
OTHER TIERS: 0.01% $1k - $15k | 0.10% $15k - $25k | 0.15% $25k - $75k | 0.20% $75k - $100k

Blue Federal Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.00%*-$15kExtreme Checking Sapphire - Qualifying
OTHER TIERS: 0.01% $15k+
1.50%*-$15kExtreme Checking Gold - Qualifying
OTHER TIERS: 0.01% $15k+
1.00%*-$15kExtreme Checking Silver - Qualifying
OTHER TIERS: 0.01% $15k+
0.25%$1.5k-Business Plus Checking

Blue Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.70%--15 Month High-Yield CD - Via SaveBetter
4.25%$5k-22 Month CD Special - New Money
3.00%$1k-30 Month Expandable CD
2.95%$1k-12 Month CD
2.70%$1k-60 Month CD
2.70%$1k-36 Month CD
2.55%$1k-24 Month CD
2.30%$1k-48 Month CD
2.20%$1k-60 Month Bump-Up CD
2.20%$5k-Business 12 Month CD
2.00%$5k-Business 60 Month CD
1.90%$5k-Business 48 Month CD
1.80%$1k-36 Month Bump-Up CD
1.80%$5k-Business 36 Month CD
1.75%$1k-6 Month CD
1.70%$5k-Business 24 Month CD
1.00%$5k-Business 6 Month CD

Blue Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.95%$1k-12 Month IRA
2.70%$1k-60 Month IRA
2.70%$1k-36 Month IRA
2.55%$1k-24 Month IRA
2.30%$1k-48 Month IRA
2.20%$1k-60 Month Bump-Up IRA
1.80%$1k-36 Month Bump-Up IRA
1.75%$1k-6 Month IRA
Locations

Availability



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