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 251st largest credit union in the nation. It was established in 1951 and as of September of 2023, it had grown to 322 employees and 120,472 members at 21 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

Unethical And Scammy - Don't Use Them!

Posted by: |

Don't use BFCU unless you want to burn your own money!

BFCU Has decided to randomly levy fees that were non-extistant prior to, staff previously guaranteed there were no such fees.

They, after filing an NCUA complaint, decided to pause the ability to transfer funds in/out, and canceled a pending transfer.

They are now holding ransom over 1k in funds when I'm unemployed and have bills to pay. They refuse to be helpful, and I have now filed a follow up complaint with the NCUA.

I still have not received any communications or correspondence regarding my account, other than a threatening email about reporting me to credit bureaus. I don't even have any lines of credit with BFCU.

I'm unable to make any successful contact with BFCU. They have my email, address, and phone on file.

Never use BFCU, they are greedy thieves and unethical at best for any form of savings, checking, or otherwise.

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Health

Health Grade Components

Overall
NCUA #7361
Year Chartered1951
Employees322
Primary Regulator
Profit Margin
Return on Assets - YTD0.33%
Return on Equity - YTD4.45%
Annual Interest Income$63MM
Assets and Liabilities
AssetsQ3 2023vs Q3 2022$1.9B$1.84B
LoansQ3 2023vs Q3 2022$1.56B$1.5B
DepositsQ3 2023vs Q3 2022$1.52B$1.45B
Equity CapitalQ3 2023vs Q3 2022$139.3MM$138.3MM
Loan Loss AllowanceQ3 2023vs Q3 2022$13.4MM$7.7MM
Unbacked Noncurrent LoansQ3 2023vs Q3 2022$20.1MM$9.8MM
Real Estate OwnedQ3 2023vs Q3 2022$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 Special
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

Blue Federal Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.00%*$15k*-Business Money Market
OTHER TIERS: 0.01% $1k - $15k

Blue Federal Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.00%*-$15kElite Checking
OTHER TIERS: 0.01% $15k+
0.50%*-$15kPremium Checking
OTHER TIERS: 0.01% $15k+
0.25%$1.5k-Business Plus Checking

Blue Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.55%$1k-30 Month Expandable CD
3.50%$1k-24 Month CD
3.50%$5k-Business 24 Month CD
3.40%$1k-12 Month CD
3.40%$5k-Business 12 Month CD
3.25%$1k-36 Month CD
3.25%$5k-Business 36 Month CD
3.00%$1k-48 Month CD
3.00%$1k-60 Month CD
3.00%$5k-Business 48 Month CD
3.00%$5k-Business 60 Month CD
2.75%$1k-6 Month CD
2.75%$1k-36 Month Bump-Up CD
2.75%$5k-Business 6 Month CD
2.65%$1k-60 Month Bump-Up CD

Blue Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.50%$1k-24 Month IRA
3.40%$1k-12 Month IRA
3.25%$1k-36 Month IRA
3.00%$1k-48 Month IRA
3.00%$1k-60 Month IRA
2.75%$1k-6 Month IRA
Locations

Availability



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