Wyoming-based Blue Federal Credit Union’s (Blue FCU) Extreme Checking is a reward checking account with three different rate tiers (Sapphire, 4.00% APY; Gold, 3.00% APY; and Silver, 2.00% APY – all up to $15k) that are determined by your Rewards For Life score.
All members automatically qualify for the Silver tier (2.00% APY), while the Gold and Sapphire tiers require more account relationships to qualify.
The Extreme Checking account must first meet the “criteria for earning dividend” requirements in order to qualify for one of the three tiered rates.
- At least 10 debit card transaction per month.
- An automatic deposit or withdrawal in place.
- Be enrolled in eStatements.
Rewards For Life
The tiered rates are based on Blue FCU’s Rewards For Life program. As stated on the Rewards For Life page,
Your rewards score is determined through a combination of your number of unique services, length
of membership and total savings and loan balances. Each product and service is worth one (1) point
and your years of membership and combined relationship balances varies in points awarded.
Sapphire status requires 9+ points, with Gold requiring 6-8 points and Silver 0-5 points. A complete breakdown of the Rewards Points Structure is available on the website.
The Extreme Checking account is fee-free and has no minimum balance requirement. It is available as a personal account only and there is a limit of one Extreme Checking account per member. ATM fees are refunded up to $21 per qualification cycle, with a $3 limit per transaction.
Blue FCU has a Do Gooders promotion available only at its Boardwalk and Old Town branches in Fort Collins and at the Wellington branch inside Ridley’s Market. The first 300 new members who open a checking account in any of those three branches will receive $100, which will be deposited into their new checking account at opening.
Headquartered in Cheyenne, Wyoming, Blue Federal Credit Union’s field of membership provides a way for almost all U.S. citizens and residents aliens to join.
Easy Membership - Joining the Blue Foundation ($5 donation) qualifies for Blue FCU membership, regardless of employment or residency status.
Employment - Active employees, members, volunteers, retirees, pensioners, or annuitants of more than 1,000 Wyoming and Colorado businesses are eligible to join.
Military Relationship - Civilian and military personnel stationed at F.E. Warren Air Force Base qualify for membership, as do other military personnel. Complete details are listed on Blue FCU’s “Who Can Join” page.
Family Relationship - Family and household members of current Blue FCU members are also eligible to join.
Joining Blue FCU and opening an Extreme Checking account can be done online, or by visiting any of five Colorado branches located in Boulder, Broomfield (3), Fort Collins, and Wellington, or six Wyoming branches located in Cheyenne (5) and Laramie.
Credit Union Overview
Blue Federal Credit Union (NCUA Charter # 7361) has an overall health grade of "A" at DepositAccounts.com, with a Texas ratio of 5.52% (excellent) based on June 30, 2016 data. In the past year, Blue FCU increased its total deposits by $250.13 million, an excellent growth rate of 51.65%. Please refer to our financial overview of Blue Federal Credit Union for more details.
Blue Federal Credit Union was originally established in 1951 as the Warren Federal Credit Union, formed by civilian employees on the F.E. Warren Air Force Base in Cheyenne. The Credit Union was rebranded as Blue Federal Credit Union this past April, following a merger between Warren FCU and Community Financial Credit Union of Broomfield, Colorado. This merger was the second largest consolidation approved by NCUA in the first quarter of 2016. Blue FCU is currently the largest Wyoming-based credit union, with more than 70,800 members and assets in excess of $864 million
How the Extreme Checking Compares
When compared to the 31 High Yield Reward Checking Accounts tracked by DepositAccounts.com, which are available nationwide and have maximum qualifying balances of at least $15k, Blue Federal Credit Union’s Extreme Checking Sapphire APY currently ranks second.
The above rates are accurate as of 10/18/2016.