Blue Federal Credit score Union Evaluate

Blue Federal Credit Union Review

With the intention to lay the groundwork for future monetary success, you’ll want the proper instruments to assist get you there. The proper accounts can propel you to succeed in your targets whereas serving to you keep away from too many charges that would eat into your potential to save lots of extra. 

Blue Federal Credit score Union (FCU) provides merchandise to set you up for monetary success. Let’s take a more in-depth take a look at the merchandise out there by way of this credit score union. 

Blue Federal Credit Union
  • Blue FCU provides aggressive APYs on some financial savings merchandise. 
  • The credit score union additionally has an interest-bearing checking account. 
  • You’ll additionally discover bank cards, auto loans, leisure automobile loans, mortgage loans, and extra.

Blue Federal Credit score Union Particulars

What Is Blue FCU?

Blue FCU was initially often known as Warren Federal Credit score Union. Its roots will be traced again to 1951. Within the final 70s years, the credit score union has expanded considerably to supply a variety of account and mortgage choices. 

When it comes to membership, the necessities have been expanded to incorporate anybody. When you don’t meet these {qualifications}, you may nonetheless acquire membership to the credit score union by making a $10 deposit in a Blue FCU account. 

Membership {qualifications} embody:

  • Be a civilian or army member related ultimately with F.E. Warren Air Power base
  • Have a household or family member with an account
  • Have a choose employer with ties to Blue FCU

What Does It Supply?

Blue FCU provides a big collection of monetary merchandise. A couple of embody bank cards, private loans, and insurance coverage. Nevertheless, this evaluate focuses on saving constructing alternatives supplied by way of Blue FCU.

Checking Accounts

Blue FCU provides a number of checking account choices. However two of the choices are higher than the remainder. 

First up is the Excessive Checking account. The interest-bearing checking account provides APYs of 1% to 2% on balances as much as $15,000. You’ll want to fulfill particular standards on a month-to-month foundation to earn this APY. These embody:

  • Have a minimal of 10 debit card transactions clear your account
  • Be enrolled in eStatements
  • Have both Direct Deposit, ACH deposit, ACH withdrawal, or on-line invoice cost clear your account

Since many banks don’t supply curiosity on checking accounts, it is a nice possibility to contemplate. Plus, there isn’t a month-to-month upkeep payment and you’ll stand up to $28 in ATM charges refunded per assertion cycle. 

Blue Federal Credit Union Review review: product offerings

The second Blue FCU checking account possibility that gives engaging rewards is the Earn 5 Checking account. You’ll have a chance to earn as much as $25 monthly through the use of your Blue debit card. However it’s essential to make numerous purchases to succeed in the $25 restrict. 

You’ll earn 5 cents for each buy, after your fifth transaction of the month. Though the rewards aren’t stellar, it’s nonetheless a greater possibility than many checking accounts supplied by conventional banks. 

With any Blue checking account, you may enroll within the Sensible Cents Financial savings program. It’s going to spherical up your purchases to the closest greenback and switch the distinction to your financial savings account.

Financial savings Accounts 

The Accelerated Financial savings possibility is the stand-out financial savings account supplied by Blue FCU. Via this account, you may earn 5% APY in your balances of as much as $1,000.

After your stability goes over $1,000, there’s a tiered fee construction that results in a big drop in interest-earning alternatives. Though you’ll earn much less for balances over $1,000, it’s nonetheless a worthwhile option to kick-start your financial savings development. 

Month-to-month Charges

Should meet sure {qualifications} to earn this APY.

Alternative to earn $25 monthly through the use of debit card.

$1,000-$5,000 the APY drops to 1% 

See their table.

Blue FCU provides different financial savings account choices however the APYs are a lot decrease. For instance:

  • The Christmas Membership financial savings account provides an APY of 1.25% on balances between $25 to $5,000.
  • The Sky Excessive Financial savings account provides a good decrease APY at 0.30%. 

On-line Excessive Yield Cash Market

Blue FCU has a novel partnership with Save Higher that gives an important cash market account and fee for only a $1 minimal.

You get all the advantages of your account being on-line, NCUA-insured, and straightforward to entry. Nevertheless, you should entry your funds by way of your Save Higher portal.

Proper now, you may earn a 4.00% APY with only a $1 minimal stability.

Try the Blue Cash Market Account right here >>

Time period Shares

Blue FCU doesn’t supply common certificates of deposit, as an alternative, it provides time period shares. Though the title is completely different, any such account is similar to an everyday CD. With the intention to open a time period share, you want a minimal deposit of no less than $1,000. 

The time period shares are available lengths of six months to 5 years. A few of the phrases have an expandable or bump-up possibility. The expandable time period share provides you an opportunity so as to add funds alongside the way in which. The bump-up choices help you faucet into increased rates of interest if the market modifications alongside the way in which. 

Like CDs, these time period shares have an early withdrawal penalty for those who attempt to take out funds earlier than the maturity date.

Blue Federal Credit Union Review screen grab

Are There Any Charges?

Blue FCU doesn’t have an specific membership payment. Nevertheless, most members have to make a $10 deposit right into a financial savings account to start out their course of. 

Not one of the accounts talked about on this evaluate have a month-to-month payment connected. The one charges to be careful for are out-of-network ATM charges with the checking account. However Blue FCU will reimburse as much as $28 in these ATM charges per cycle. 

How Does Blue FCU Evaluate?

Blue FCU credit score union provides some engaging account choices. The APYs on some are very excessive, whereas the rewards fall quick with different accounts. 

When it comes to an interest-bearing checking account, Blue FCU provides a lovely possibility. It’s good to earn any curiosity in a checking account. However you could find increased APYs elsewhere. For instance, Juno provides a 5% APY on checking account balances as much as $10,000. 

In case you are searching for options to Blue FCU’s time period shares, there are increased charges on the market. For instance, American First Credit score Union is providing a 12-month CD with a 4.50% APY. 


Blue Federal Credit Union comparison
Blue Federal Credit Union comparison: Juno
Blue Federal Credit Union comparison: American First Credit Union

Curiosity-Incomes Checking


How Do I Open An Account?

Blue FCU doesn’t make it straightforward to open an account. Though there’s a web-based utility, it isn’t all the time out there. Once we tried to scope out the method for this evaluate, the web site directed me to name the credit score union or go to a neighborhood department to finish my utility. 

You an all the time open the cash market account right here by way of Save Higher >>

When you transfer ahead with the account utility, be ready to supply some fundamental data. This contains your full title, Social Safety quantity, date of delivery, and funding account data.

Is It Protected And Safe?

Sure, Blue FCU makes use of bank-level encryption to guard your accounts. When you spot unauthorized prices out of your account, there’s a hotline to resolve the difficulty. 

Moreover, Blue FCU is NCUA-insured. You possibly can breathe straightforward figuring out that your deposits of as much as $250,000 are protected.

How Do I Contact Blue FCU?

You possibly can name Blue FCU at 1-800-368-9328. The customer support middle is out there Monday by way of Friday from 7 a.m. to six p.m. (MST). Plus, the weekend hours are 24 hours. 

When you favor to ship an e mail, you may attain out to [email protected]. As a buyer, you’ll even have the choice to ship safe messages by way of your on-line banking portal. 

The client suggestions on Blue FCU is at finest blended. On Yelp, the credit score union has earned 1.5 out of 5 stars. On the Higher Enterprise Bureau, prospects have left a median of 1 out of 5 stars. 

Nevertheless, there are lower than 100 critiques so it is tough to inform if solely the destructive reviewers are making their voices heard vs. prospects which have good experiences however aren’t writing critiques.

Is It Value It?

Credit score unions have earned a fame for offering accounts that include perks you gained’t discover at a financial institution. Though each are monetary establishments, credit score unions are extra centered on offering their members worth. 

Usually, worth comes within the type of excessive APYs on financial savings merchandise and low-interest charges on loans. Blue FCU delivers each alternatives to its members. Nevertheless, you could find increased APYs out there by way of different banks and credit score unions.

In case you are actually seeking to capitalize in your financial savings, bear in mind to buy round for the very best charges.  

Blue Federal Credit score Union Options

  • Excessive Checking 
  • Earn 5 Checking
  • Accelerated Financial savings

Monday by way of Friday from 7 a.m. to six p.m. (MST)

Saturday-Sunday 24 hours

Internet/Desktop Account Entry