Blue Federal Credit Union World Headquarters
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2019 Fall Newsletter
Blue Federal Credit Union World Headquarters
Our world headquarters project has been moving right along. • The Southwest corner will include 14,500 square feet of
Asbestos removal, demolition and dirt work has been the retail space
priority to this point. Beginning in September, concrete and • Blue will be consolidating 180 support staff in 2 states
asphalt along with footers will get started. In November, we and 6 different facilities into the new headquarters
hope to see steel going up. Below are some fun facts about
the complex; • Headquarters will have capacity to hold up to
300 employees
• The lot is just shy of 9 acres
• Completion and occupancy is planned for the end of 2020
• The Blue world headquarters will be a 3-story building
The general contractor is Brinkman Construction out of Fort
• A 2-story public-use amenity space and Blue training Collins and the architect is OpenStudio out of Denver. Over
center is attached to the HQ building. 60% of the sub-contract work has already been signed with
• Both the headquarter building and the amenity/training local Wyoming contractors. Blue is very excited to revitalize
center total 75,000 square feet a central point of Cheyenne with a strong community focus,
and consolidate its staff into one facility. The finished space
• A large plaza outside the headquarters building will have
will be a mixed-use that invites not only Blue employees but
grass and trees for public use
Cheyenne residents to come and enjoy a nice open space and
• Sidewalks will allow a nice walk around the acreage retail accommodations.
• The Southeast corner includes a retention area
with grass
CREDIT UNION NEWS
Do Millennials Need Life Insurance? Work coverage may not be enough
You may have a job with an employer that sponsors group life
The financial challenges millennials face can be insurance. Hopefully, you take advantage of that program,
overwhelming. Many young adults have to figure out how to but is it enough coverage to meet your needs now and in the
pay off college loans, save to buy a home or start a family, and future? Your insurance needs may change with time, although
sock away money for retirement. Given these hurdles, it's no your employer's coverage may not. Most employer-sponsored
wonder that life insurance as a financial asset gets little to life insurance programs are effective only while you remain
no attention. But it should. There are many reasons to have an employee. If you change jobs or are unable to work due to
life insurance at a relatively young age, but here are some illness or disability, you may lose your employer's coverage.
common ones. That's why it's a good idea to consider buying your own
Leaving your debts for others to pay life insurance.
As a young adult, you become more independent and self- The cost and availability of life insurance depend on factors
sufficient. While you no longer depend on others for your such as age, health, and the type and amount of insurance
financial well-being, your death might still create a financial purchased. As with most financial decisions, there are
hardship for those you leave behind. expenses associated with the purchase of life insurance.
It's less expensive Policies commonly have mortality and expense charges. In
Premiums for life insurance are based on many factors, addition, if a policy is surrendered prematurely, there may be
including age and health. Certainly, the younger and surrender charges and income tax implications.
presumably healthier you are, the less your coverage will Please call Jennifer, Licensed Sales Assistant, at
cost. This is especially true if you are at a high risk for 307-432-5370 or 970-204-8010, to set up an appointment
developing a medical condition later in life. with a CFS* Investment Representative in your area.
Replacing lost income
Someone may be relying on your income for financial support.
For instance, you may be providing for a family member
such as a parent, grandparent, or sibling. In each of these
instances, how would your income be replaced if you died?
The death benefit from life insurance can help replace your
income after you're gone.
Providing for your family Broadridge Investor Communication Solutions, Inc. Copyright 2019
As your family grows, so do your financial responsibilities. *Non-deposit investment products and services are offered through CUSO Financial Services, L.P. (“CFS”),
There is likely a hefty mortgage to pay. And there are costs a registered broker-dealer (Member FINRA/SIPC) and SEC Registered Investment Advisor. Products offered
associated with young children. If you died without life through CFS: are not NCUA/NCUSIF or otherwise federally insured, are not guarantees or
obligations of the credit union, and may involve investment risk including possible loss of
insurance, how would the mortgage get paid? Could your principal. Investment Representatives are registered through CFS. The credit union has contracted with
surviving spouse or partner cover the costs of day care? CFS to make non-deposit investment products and services available to credit union members.
Samsung and Google Pay for Blue Debit Cards
We have heard your feedback and are thrilled to • When you use your phone to pay in stores, your account
announce that we're offering Samsung and Google number is stored as an encrypted number so your
Pay on Blue debit cards! personal information stays secure. Plus, you can check
Google & Samsung Pay are a mobile payment, digital out faster with the device that’s already in your hand
wallet service and online payment system that lets users – no need to dig for your wallet.
make payments using compatible android phones, tablets • You have an extra layer of security, each transaction
or watches. is covered by your credit union’s fraud protection and
authentication via fingerprint, pin number or iris scan.
• Checking out it easy, with the press of a button on your
devise. Skip the hassle of carrying a card and get there
faster with Samsung and Google Pay. Now you can travel
to places like Chicago, Las Vegas, London, and Portland
using just your Android phone.
• Accepted at millions of places. Use it to buy things in
stores, on the web, and in participating merchant apps.
• Visit bluefcu.com/google and bluefcu.com/samsung
for more information.
CREDIT UNION NEWS
We’re Updating Our Agreements FALL Into A "Blue" Mortgage
To continually improve our service and value to
members, we are updating our Member Service
Agreement (MSA) and Business Member Service
Agreement (BMSA) with you. In our new MSA and
BMSA we have more clearly addressed the incredible value
of membership, savings and lending products and services
with us, and the numerous advantages and important
responsibilities that accompany the privilege of membership.
These changes make our agreements easier for you to
access, read and use, improve our ability to help you with
products and services by phone and online, and most
Interest rates have fallen to an all-time record low over the
importantly serve the best interests of our members. The past couple of months. Our 30-year interest rates are as low
new MSA and BMSA are effective Tuesday, October 1, 2019. as 3.50% (3.639% APR), and our 15-year rates are as low as
You can obtain the new MSA and BMSA on our website at 3.00% (3.352% APR). Have you taken advantage of the lower
bluefcu.com/disclosures, at our branches or by contacting rates? If not, now is the time!
us during business hours at 800-368-9328.
Fall is a great time to buy a home or refinance your current
Please access, read and keep a copy of the new MSA and loan. Blue has knowledgeable mortgage loan experts in every
BMSA so that you can refer to them anytime about matters area we service. Don’t live in Wyoming or Colorado? That’s
that affect the products and services you have with us. Should ok, Blue also offers mortgage lending in Arizona, Oklahoma,
you have questions about any matter addressed in the new Oregon, Iowa, New Mexico, Idaho, and Nebraska. If you or
MSA and BMSA or need assistance with any product or someone you know is looking at buying or refinancing in any
service with us, please contact us during business hours and of these states, including Wyoming and Colorado, give us
we will be happy to assist you. Thank you again for being a a call. Our passion is listening to you and your needs then
valued member of our credit union. helping you customize a mortgage loan that’s perfect for you.
You are unique so why shouldn’t your mortgage loan
be? We offer Conventional, FHA, VA, USDA, WCDA, and
portfolio loans.
Thank you for your membership and we look forward to
IRA Required Minimum Distributions working with you on your home financing needs!
Have you turned or are you turning 70 ½ this year? Give us a call 303-243-5797 to set up an appointment today.
Do you have a traditional IRA? Have you filled out
your Periodic Payment Election form?
Periodic Payment Election forms should be completed at Protect Yourself From Fraud
your financial institution in the year you turn 70 ½. This form
With so many available communication options, fraud can
helps the financial specialist with the Required Minimum
happen to anyone, anywhere, anytime. Please remember Blue
Distribution (RMD) servicing. You can elect to have your
will never ask you to provide sensitive details via email, text,
financial specialist send you your RMD by electing how you
social media, or phone. Links in email and online posts are
would like to receive that payment and if you would like taxes often the way cyber criminals compromise your device. Be
withheld (optional). You also can elect “Owner Responsible” wary of communications that request immediate action or ask
making you responsible for pulling your RMD each year. for personal information. PLEASE NOTE: Blue will never ask
This form is an important part of the RMD process and for personal or secure information over the phone unless you
informs your financial institution as to your election. have initiated the call and confirmed your identity.
Should this form not be completed and returned your RMD
will default with a semi-annual election with 10% federal
withholding as required by the IRS. Please be aware that
if you do not take your RMD you could be assessed a 50%
LOAN
penalty for that year. Furthermore, even if you are not
planning on having Blue disburse your RMD on an automatic
schedule you will still need to complete the 70 ½ Post
Periodic Payment Election form as “Owner Responsible”.
Contact your IRA Certified Specialist, Lynn Hagen at
Borrow up to $1,500 for 12 months with no credit check!
307-432-5861 or visit our website at bluefcu.com/IRA
Visit bluefcu.com/holidayloan for more details.
for more information.
Insured by the NCUA
CALENDAR OF EVENTS
Prime Time Club Qualified nominees needed
Prime Time Advantage Club is for members age 50 and finer. for the Board of Directors
Details about events will be posted on our website as they
Do you have special skills to share with Blue Federal Credit
become available at bluefcu.com. Email us at primetime@
Union while serving as a member of our Board of Directors?
bluefcu.com for a monthly update on our calendar of events
The nominating committee is currently seeking qualified
or call us at 307-432-5420.
members interested in volunteering their time to serve on
Cheyenne Movie Day the Board of Directors. Prospective nominees should possess
Capital Theater on Pershing Blvd., Cheyenne, WY any of the following backgrounds: marketing, management,
The first Thursday of each month at 9:00 a.m. A choice of accounting, budgeting or finance. This position requires
two movies will be provided with coffee and snacks served decision-making on behalf of the entire membership,
at 8:30 a.m. An RSVP is not necessary to attend the movie. which consists of over 85,000 members and $1.2 billion in
Movies are held at 9:00 a.m. and an email of movie choices assets. The duties involved can be challenging at times and
will be sent to folks who have provided email addresses. approximately 8-10 hours per month are required. In addition,
If you’d like to be added to the movie list, please board members read and become familiar with regulations,
contact primetime@bluefcu.com. legislative decisions, and Blue’s financial reports to strengthen
Prime Time Holiday Party their financial background. If you are interested in serving
Monday, December 2 - 5:30 to 7:00 p.m. and would like to submit your name as a nominee and have
Triumph High School, 1250 W. College Dr., Cheyenne, WY questions, please contact Erica Fairbourn at 307-432-5406 or
at Erica.fairbourn@bluefcu.com. Applications will be accepted
Catering of main dish and potato provided by Triumph High through Friday, December 13, 2019, 5:00 p.m. and can be
School Culinary Department. Please bring a side dish or submitted to Blue Federal Credit Union, Attn: Erica Fairbourn
dessert to compliment the main dish. at PO Box 3200, Cheyenne WY 82003. Your interest in serving
is greatly appreciated. The information submitted by nominees
will be made available to the members of the credit union
during the weeks preceding and at the annual meeting. We will
Fee Change Notice announce the selected board members at the member annual
On November 1st, the following fees and refunds will go meeting in June 2020.
into effect: Nominating procedures:
• An additional $1.00 fee will be implemented for all The nominating committee, following a review of all
foreign (non-Blue or non-CO-OP members) ATM’s applications submitted, will provide a minimum of one
nominee for each vacancy. The election will not be conducted
• Refunds for qualified Extreme Checking accounts will by ballot and there will be no nominations from the floor when
increase from $21.00 ($3.00 max per transaction) to there is only one nominee for each board position to be filled.
$28.00 ($4.00 max per transaction), including If an election is needed, it will be conducted by mail and/or
foreign ATM’s. electronically via our website. A list of nominees selected will
• Unlimited free foreign ATM transactions for be made available to all members and will be posted at least
Sapphire members 35 days before the annual meeting.
The credit union bylaws do not provide for nominations from
the floor; however, nominations for vacancies can be made by
petition. Nominations by petition must be signed by at least
Holiday Hours | Branch Closures 1% of the membership (with a maximum of 500). The petition
Columbus Day – Monday, October 14 must be filed with the Secretary, Jeffie Wiggins-McMullen,
All branches are closed. no later than Friday, February 28, 2020, 5:00 p.m. Each
nominee by petition must submit to the secretary, at the time
Observance of Veterans Day - Monday, November 11 of filing the petition, a brief statement of qualifications and
All branches are closed. biographical data. Each petition must be accompanied by a
Thanksgiving – Thursday, November 28 signed certificate from the nominee stating that he or she is
All branches are closed. Base branch will be closed Friday, agreeable to the nomination and will serve if elected to office.
November 29.
Christmas Eve – Tuesday, December 24
All branches are will close at 3:00 p.m., including International Credit Union Day
the Contact Center.
Thursday, October 17, 2019
Christmas Day – Wednesday, December 25
All branches are closed, including the Contact Center. Stop by your local branch
for cookies and coffee!
New Year’s Day – Wednesday, January 1, 2020
All branches are closed.You can also read
