Estate planning at Blue FCU

Yes. Visit any Blue FCU branch with your trust document (or Certificate of Trust), government-issued photo ID for all trustees, and the trust EIN or SSN. You will complete new account paperwork in the trust name. Existing accounts may need to be closed and reopened under the trust title. IRA accounts cannot be retitled to a trust but can name a trust as beneficiary. An alternative is to name your trust as POD beneficiary on personal deposit accounts. Wyoming has no state income tax, making it a favorable state for trust administration.

Yes. While IRA accounts at Blue FCU cannot be titled directly to a trust, you can name a trust as the beneficiary of your Traditional, Roth, or SEP IRA using a separate IRA beneficiary designation form. Consult a tax advisor before doing so, as naming a trust as IRA beneficiary can have significant tax implications for distribution timelines and required minimum distributions. Contact Blue FCU at 1-800-368-9328 for specific procedures.

Blue FCU offers open membership to anyone nationwide. You can join with a $10 deposit ($5 establishes membership, $5 supports the Blue Foundation). Family or household members of existing Blue members can also extend their membership to you. Military affiliation (active/retired U.S. Armed Forces, F.E. Warren Air Force Base, Wyoming Army/Air National Guard, Naval Reserve) provides additional eligibility. In-person service is available at 27 branch locations across Wyoming and Colorado, and at over 5,000 shared branches nationwide through the CO-OP Shared Branch network.

Blue FCU offers four types of term share certificates. Standard Term Share Certificates have fixed rates with terms from 6 to 60 months ($1,000 minimum) and rates vary by geographic region and NOVA Perks tier. The 30-Month Expandable Term Share ($500 minimum) allows additional deposits during the term. The Bump-Up Term Share (36-month and 60-month terms) lets you increase your rate once if rates rise. The Market Index Term Share is a 24-month variable-rate certificate ($1,000 minimum, $5,000,000 maximum) with a rate tied to WSJ Prime minus 2.75% and a 1.00% floor. The Expandable and Bump-Up certificates are not eligible for IRAs.

Vista High Yield Savings pays the highest dividend rate at Blue FCU (Prime + 1.00%). It cannot be opened online and must be opened in branch or through the Call Center at 1-800-368-9328. There is a limit of one account per SSN. No minimum balance is required. The account only accepts dividend transfers from deposit and checking accounts (not Term Shares). Funds are available for use at any time without penalty. Vista High Yield Savings matures on January 1 of each year, at which point all funds are transferred to the member's Membership Share Savings Account.