Dec, 31, 2023 — BLUE FEDERAL CREDIT UNION is a federal credit union headquartered in CHEYENNE, WY with 22 branch locations and about $1.88 billion in total assets. Opened 73 years ago in 1951, BLUE FEDERAL CREDIT UNION has about 119,777 members and employs 336 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | BLUE FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 2401 E. Pershing Blvd CHEYENNE, WY 82001 |
| Phone: | (307) 829-7612 |
| Fax: | |
| Website: | https://www.bluefcu.com |
| Branches: | 22 branch locations |
| Members: | 119,777 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 7361 |
|---|---|
| Membership Type: | Multiple common bond - Primarily military |
| Corporate Credit Union: | No |
| Year Opened: | 1951 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $1,877,299,147 |
| CEO/Manager: | Stephanie Teubner |
| Chairperson: | Deanne Vogel |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 61,388,323 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 464,481,179 |
| Unsecured Loans | 111,812,509 |
| Other Loans | 971,630,114 |
| TOTAL LOANS | 1,547,923,802 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -18,469,113 |
| Land And Building | 68,323,129 |
| Other Fixed Assets | 5,077,751 |
| NCUSIF Deposit | 13,438,351 |
| All Other Assets | 3,203,354 |
| TOTAL ASSETS | 1,877,299,147 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 185,872 |
| Notes & Interest Payable | 221,214,894 |
| Accounts Payable & Other Liabilities | 19,199,097 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 15,000,000 |
| Share Drafts | 310,360,305 |
| Regular shares | 531,586,143 |
| All Other Shares & Deposits | 642,066,169 |
| TOTAL SHARES & DEPOSITS | 1,484,012,617 |
| TOTAL LIABILITIES | 1,739,612,480 |
| Regular Reserve | 0 |
| Other Reserves | 24,015,098 |
| Undivided Earnings | 113,671,569 |
| TOTAL EQUITY | 137,686,667 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,877,299,147 |
| INCOME & EXPENSE | |
| Loan Income | 83,128,309 |
| Investment Income | 4,061,044 |
| Other Income | 10,026,139 |
| Total Employee Compensation & Benefits | 27,994,273 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 31,910,361 |
| Non-operating Income & (Expense) | 4,910 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 10,010,977 |
| Cost of Funds | 31,006,630 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 6,834,345 |
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