September 29, 2023
Blue Federal Credit Union Review

With a view to lay the groundwork for future monetary success, you’ll want the fitting instruments to assist get you there. The appropriate 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) presents merchandise to set you up for monetary success. Let’s take a better take a look at the merchandise out there via this credit score union. 

Blue Federal Credit Union
  • Blue FCU presents 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 car loans, mortgage loans, and extra.

Blue Federal Credit score Union Particulars

What Is Blue FCU?

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

By way of membership, the necessities have been expanded to incorporate anybody. Should you don’t meet these {qualifications}, you possibly can nonetheless achieve membership to the credit score union by making a $10 deposit in a Blue FCU account. 

Membership {qualifications} embody:

  • Be a civilian or navy member related not directly with F.E. Warren Air Drive base
  • Have a household or family member with an account
  • Have a choose employer with ties to Blue FCU

What Does It Provide?

Blue FCU presents a big choice of monetary merchandise. A number of embody bank cards, private loans, and insurance coverage. Nonetheless, this overview focuses on saving constructing alternatives supplied via Blue FCU.

Checking Accounts

Blue FCU presents 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 presents APYs of 1% to 2% on balances as much as $15,000. You’ll want to satisfy 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 provide curiosity on checking accounts, it is a nice possibility to contemplate. Plus, there isn’t a month-to-month upkeep charge and you may rise 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 attractive rewards is the Earn 5 Checking account. You’ll have a possibility to earn as much as $25 per thirty days through the use of your Blue debit card. However you should make a number of 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 possibly can enroll within the Good Cents Financial savings program. It is 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 possibly can earn 5% APY in your balances of as much as $1,000.

After your steadiness goes over $1,000, there’s a tiered charge 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 approach to kick-start your financial savings progress. 

Month-to-month Charges

Should meet sure {qualifications} to earn this APY.

Alternative to earn $25 per thirty days through the use of debit card.

$1,000-$5,000 the APY drops to 1% 

See their table.

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

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

On-line Excessive Yield Cash Market

Blue FCU has a singular partnership with Save Higher that gives an ideal cash market account and charge for only a $1 minimal.

You get all the advantages of your account being on-line, NCUA-insured, and simple to entry. Nonetheless, you need to entry your funds via your Save Higher portal.

Proper now, you possibly can earn a 4.00% APY with only a $1 minimal steadiness.

Take a look at the Blue Cash Market Account right here >>

Time period Shares

Blue FCU doesn’t provide common certificates of deposit, as an alternative, it presents time period shares. Though the title is totally different, such a account is similar to an everyday CD. With a view to open a time period share, you want a minimal deposit of at the very least $1,000. 

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

Like CDs, these time period shares have an early withdrawal penalty when you 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 express membership charge. Nonetheless, most members have to make a $10 deposit right into a financial savings account to begin their course of. 

Not one of the accounts talked about on this overview have a month-to-month charge 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 presents some attractive account choices. The APYs on some are very excessive, whereas the rewards fall quick with different accounts. 

By way of an interest-bearing checking account, Blue FCU presents a gorgeous possibility. It’s good to earn any curiosity in a checking account. However yow will discover increased APYs elsewhere. For instance, Juno presents a 5% APY on checking account balances as much as $10,000. 

In case you are searching for alternate 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 simple to open an account. Though there’s a web-based software, it isn’t at all times out there. After we tried to scope out the method for this overview, the web site directed me to name the credit score union or go to a neighborhood department to finish my software. 

You an at all times open the cash market account right here via Save Higher >>

Should you transfer ahead with the account software, be ready to offer some primary info. This consists of your full title, Social Safety quantity, date of beginning, and funding account info.

Is It Protected And Safe?

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

Moreover, Blue FCU is NCUA-insured. You possibly can breathe simple understanding 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 accessible Monday via Friday from 7 a.m. to six p.m. (MST). Plus, the weekend hours are 24 hours. 

Should you want to ship an e mail, you possibly can attain out to [email protected]. As a buyer, you’ll even have the choice to ship safe messages via your on-line banking portal. 

The client suggestions on Blue FCU is at greatest combined. On Yelp, the credit score union has earned 1.5 out of 5 stars. On the Higher Enterprise Bureau, clients have left a mean of 1 out of 5 stars. 

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

Is It Price It?

Credit score unions have earned a status for offering accounts that include perks you received’t discover at a financial institution. Though each are monetary establishments, credit score unions are extra targeted 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. Nonetheless, yow will discover increased APYs out there via 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 best charges.  

Blue Federal Credit score Union Options

  • Excessive Checking 
  • Earn 5 Checking
  • Accelerated Financial savings

Monday via Friday from 7 a.m. to six p.m. (MST)

Saturday-Sunday 24 hours

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