Blue Voted Forbes' Best-in-State Financial Institution
Blue Federal Credit Union was listed as Wyoming’s only financial institution in America’s Best-In-State Bank and Credit Union by Forbes.
In total, 124 banks and 145 credit unions were awarded as the Best-In-State Banks/ Credit Unions 2018. There were 18,000 commercial banks and savings institutions in the U.S. in the mid-1980s, but 35 years of massive consolidation and nearly 3,000 bank failures have cut the total by 70%. With the proliferation of online banks, it is even more important for local financial institutions to demonstrate their advantages in regards to customer service, accessibility and financial advice. With this in mind, Forbes partnered with market research firm Statista to produce our first-ever look at the Best-In-State Banks and Credit Unions. Instead of gauging the balance sheets and P&L statements as Forbes does for its ranking of the 100 largest banks published annually in January, Statista surveyed more than 25,000 customers in the U.S. for their opinions on their current and former banking relationships. The banks and credit unions were rated on overall recommendations and satisfaction, as well as five subdimensions (trust, terms and conditions, branch services, digital services and financial advice).
“Blue Federal Credit Union is honored and humbled to announce that we were the only financial institution in Wyoming awarded on the Forbes list,” said President/CEO, Stephanie Teubner. “We are committed to our members and the communities we serve, seeing recognition in a national publication is something we share with our 80,000 member/owners.”
At $1 billion assets with 13 branch locations in Wyoming and Colorado, Blue has been recognized by local and civic organizations. In the past year, Blue was honored with the following prestigious awards:
- Wellington Chamber of Commerce’s Business of the Year
- Realities for Children Business of the Year (Fort Collins)
- Wyoming Tribune Eagle Readers’ Choice Award (best credit union category)
Blue’s mission is to give back to the members in the communities they serve. They returned $7 million to members in 2017. Additionally, Blue contributed $239,000 to local and event causes last year.
Click here to read the full article
Blue Federal Credit Union is a not-for-profit financial institution serving the communities of Wyoming and Northern Colorado. Our purpose is to create a true cooperative that’s connected to and inspired by the communities we serve, committed to building lifelong relationships with our members and recognizing their loyalty, and guided by the belief that their success is ours.