Blue Federal Credit Union is headquartered in Cheyenne and is the largest credit union in the state of Wyoming. It is also the 254th largest credit union in the nation. It was established in 1951 and as of June of 2022, it had grown to 319 employees and 114,578 members at 20 locations. Blue Federal Credit Union 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
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!!
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
|Return on Assets - YTD||0.66%|
|Return on Equity - YTD||8.29%|
|Annual Interest Income||$31.1MM|
|Assets and Liabilities|
|Assets||Q2 2022vs Q2 2021||$1.79B$1.52B|
|Loans||Q2 2022vs Q2 2021||$1.44B$1.16B|
|Deposits||Q2 2022vs Q2 2021||$1.45B$1.36B|
|Equity Capital||Q2 2022vs Q2 2021||$139.2MM$134.0MM|
|Loan Loss Allowance||Q2 2022vs Q2 2021||$7.1MM$6.7MM|
|Unbacked Noncurrent Loans||Q2 2022vs Q2 2021||$7.6MM$3.6MM|
|Real Estate Owned||Q2 2022vs Q2 2021||$0$0|
Rates for Blue Federal Credit Union are currently being reviewed.