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STRONGER

Leadership Overview

If there is one thing 2024 has proven, it is that we are stronger together. This year was one of transformation, growth, and deepened connections—not just within Blue, but across the communities we serve.

At Blue, we believe in being a lifelong champion for our members, providing the resources, support, and financial empowerment needed to thrive. Throughout 2024, we focused on strengthening relationships, simplifying experiences, and creating opportunities that help our members and communities flourish.

One of the most significant moments of the year was welcoming Aventa Credit Union members into the Blue family. This was not just a merger—it was a blending of values, cultures, and a shared commitment to financial well-being. Through transparent communication, hands-on support, and a member-first approach, we ensured a seamless transition, reinforcing that together, we are stronger and better equipped to serve our members’ needs.

We also took a bold step in financial empowerment with the launch of the Boost Center by Blue, an initiative under the Blue Foundation. More than just a building, the Boost Center is a commitment—a dynamic, collaborative space designed to uplift individuals and families by partnering with local nonprofits and organizations already making a difference. By focusing on housing stability, educational development, and economic opportunity, the Boost Center empowers individuals on their journey to financial independence. It is about creating real change through real resources, providing the support people need to build stronger futures. We continued investing in technology and

Stephanie Propps President & Chief Executive Officer

member service, making engagement with Blue easier, faster, and more rewarding. Blue Digital, our online and mobile banking platform, saw enhancements that improved security, personalization, and usability. We believe banking with Blue should be as smooth and intuitive as possible—whether at home, on the go, or anywhere in between. At the same time, NOVA Perks™ entered its second year, delivering exclusive benefits and rewards, reinforcing our commitment to providing meaningful value to our members.

As we look toward the future, we are embracing a mindset of getting back to basics. This means doubling down on what matters most—delivering exceptional service, simplified experiences, and meaningful financial solutions. We are refining our focus to ensure we are meeting members exactly where they are, with the tools and support they need to succeed.

Of course, Blue is about more than finances—we are about impact. Whether through volunteerism, sustainability efforts, or partnerships like our work with Children’s Hospital Colorado, we are committed to making a difference. Our strength is not just in numbers; it is in the way we come together to create positive change.

We do so with renewed energy and commitment. Stronger together , we will keep building a brighter future. Thank you for trusting Blue with your financial goals and believing in the power of community.

Here is to another successful year—together!

Deanne Vogel Chairman of the Board of Directors

At Blue, our bond with our members and communities stands out. We act as a dedicated partner for life, offering an unparalleled experience that supports and advances the goals of our members and communities.

By fostering connections rooted in community values, we redefine the financial services journey. Our commitment is to empower our members and communities to navigate towards their aspirations.

Our Purpose

Members deserve a community built around authentic connections.

Our Mission

To discover pathways to realize your possibilities.

Our Values

Boundless Optimism

We bring positivity, humor, and energy. We know there is always more.

Unwavering Confidence

Our competence, consistency, and follow through build a foundation of trust.

Uniquely Us

Our passion and personality energize an uncommon commitment to each other and our communities.

Over The Top

We go further to make a difference, win for members, and grow Blue.

Awards For Excellence

2024 Best-In-State Credit Union - Wyoming Forbes

Best for Checking Account Perks Newsweek

Best Credit Unions to Work For 2024 American Banker

2024-2025 Certified Great Place to Work®

Annual Report

Blue Sport Stable Logo Design

NOVA Perks™ by Blue Membership Marketing

NOVA Perks™ by Blue Internal Marketing 2024 America’s Credit Union Diamond Awards

Best Business of 2024 Superior Chamber of Commerce

Best Credit Union of Cheyenne Wyoming Tribune Eagle - Best of the Best 2024

Best Bank Grand County 2024 Awards

2024 Large Business of the Year Loveland Chamber of Commerce

2024 Employee Experience GoWest Credit Union Association

Building Stronger Communities: Our Collective Impact

At Blue, we know that when people come together, incredible things happen. From championing local businesses to rolling up our sleeves in volunteer efforts, we’re not just part of the community—we’re building it, side by side. This past year, we strengthened our connections, deepened our impact, and made a real difference where it matters most. We’re celebrating the moments that brought us together, the partnerships that fueled progress, and the ways we continue to lift each other up. Because at Blue, community isn’t just something we support—it’s who we are.

Community events hosted at Blue World Headquarters Event Space

Events attended and hosted by Blue

Eden has had the pleasure of partnering with Blue. They have provided us with many networking opportunities with other local businesses from their many sponsored events. Blue has been a great partner and their involvement in the community has been very impactful. They always give back!

- Alexa B.

Eden Home Health & Hospice

More Than A Community Resource Center

On November 1, the Boost Center by Blue opened its doors to the Cheyenne community. Created by the Blue Foundation, this center is meant to be more than just a place; it’s a promise to uplift and strengthen the heart of our community by serving as a community resource hub. By joining hands with trusted non-profits, the Boost Center is focused on helping people find secure housing, empowering educational growth, and opening doors to new economic possibilities.

At its core, this initiative is about walking alongside each individual, offering guidance and support as they build a path to lasting financial independence. Together, we can make a bigger impact and help even more people thrive.

107 Individuals served in 2024

37 Human service agency partnerships

Business Development, Community Engagement, Events, and Fundraising

453 , 558

Total impressions in the community

24 , 772

Individuals that Blue’s Business Development team engaged with through financial literacy seminars, community events, and SEG activities

2 , 000+

Service calls made by Business Development

Events held with our five major community partners: Laramie County Community College, Cheyenne Frontier Days, Blue Arena, The Ascendant presented by Blue, and the Blue Sport Stable

New Select Employer Groups (SEGs) joined Blue

Junior Achievement is so fortunate to have Blue Federal Credit Union as a champion both in and out of our Wyoming and Colorado classrooms. In addition to their incredibly generous support through the Blue Foundation, they’ve become a dedicated and muchloved volunteer partner. They’re sparking meaningful and profound conversations... These moments positively impact our students and the future of our communities. Blue Federal Credit Union is inspiring our students by investing in tomorrow, today.

- Elizabeth W.

Junior Achievement - Rocky Mountain

Educational Scholarships Awarded

In 2024, the Blue Foundation happily awarded $20,500 in scholarships to eleven remarkable members, opening doors to new educational opportunities and enabling them to focus on their academic pursuits with ease. This generous financial support plays a pivotal role in streamlining their educational journey, setting the stage for their bright futures.

Celebrating the legacy of Myrtle Knight, the Blue Foundation Scholarship proudly offered ten $2,000 scholarships to dedicated high school seniors within our credit union family. Moreover, in a special tribute to Shirley Howard, one deserving student at Laramie County Community College (LCCC) in Wyoming was honored with a $500 Blue Foundation Scholarship. These scholarships underscore our commitment to nurturing the dreams and ambitions of our members, illuminating their paths to success.

2024 Scholarship Recipients

Addison Kennedy - Broomfield, CO

Attended Legacy High School

Attending University of Colorado

Avery Cates - Cheyenne, WY

Attended Central High School

Attending LCCC - Albany

Caleb Brewer - Cheyenne, WY

Attended South High School

Attending Milwaukee School of Engineering

Emma Berg - Cheyenne, WY

Attended Central High School

Attending University of Wyoming

Jason Allyn - Pueblo, CO

Attended Pueblo County High School

Attending Colorado State University in Pueblo

Jenna Frisch - Broomfield, CO

Attended Broomfield High School

Attending University of Northern Colorado

Kinsington Dobler - Cheyenne, WY

Attended East High School

Attending University of Wyoming

Kristen Huffman - Cheyenne, WY

Attended Central High School

Attending University of Wyoming

Megan Nelson - Windsor, CO

Attended Fossil Ridge High School

Attending Montana State University

Miles Porwoll - Cheyenne, WY

Attended Central High School

Attending University of Wyoming

Sean Smith - Westminster, CO

Attended The Academy of Charter Schools

Attending University of ColoradoBoulder

Building Blue Together: The Strength of Our People

At the heart of everything we do is our people —the dedicated employees and members who make Blue a place of possibility. We don’t just work together; we grow together, challenge each other, and celebrate the wins, big and small. Investing in professional development, fostering a culture of collaboration, and ensuring every voice is heard are just a few ways we continue to strengthen our team. Our success is built on a people-first approach, creating a culture where everyone thrives—together.

370

Employees at Blue at the end of 2024

152

New employees welcomed to Blue

4 , 170.5

Hours volunteered by employees in 2024

Financial Strength: Together We Achieve More

Strong finances mean strong futures. At Blue, financial success isn’t about a bottom line—it’s about empowering members, reinvesting in our communities, and delivering the products and services that help people thrive.

This past year, growth fueled lower loan rates, better savings opportunities, and exciting innovations like Blue Digital—all made possible by the trust and partnership of our members. The numbers tell a story of impact, showing how, together, we’re creating brighter financial futures for all.

$33.7M Paid in member dividends in 2024

$560.5M In funded loans in 2024

3.74M

Total views on bluefcu.com in 2024

141,787

Total membership at the end of 2024

68,128

Total active users of Blue Digital in 2024

Statement of Income and Financial Condition

At Blue, we place you at the center of everything we do. As your trusted lifelong champion, we are committed to investing in your success and in the vibrancy of the communities we call home. We live our mission each day by helping you realize pathways to a brighter future – for yourself, your community, and those you love. As we lean further into these ambitious goals, our cooperative principles ensure that our investment in you also extends opportunity to new members, amplifying a wave of hope and vitality that began at our founding more than 70 years ago.

In 2024, we were proud to extend this legacy by welcoming new communities and members into the Blue family. Our merger with Aventa Credit Union in Southern Colorado expanded total membership to more than 140,000 and increased total assets by more than $250 million, a growth rate of 13.53%. With this expansion, total assets crossed the $2 billion threshold – another monumental milestone – to end the year at more than $2.13 billion. Amidst this robust rate of growth, our capital position also remained strong, at 8.45% of assets. As a well-capitalized credit union, with shares and deposits insured through the National Credit Union Share Insurance Fund (NCUSIF), we remain poised to serve your needs now and in the future.

Blue also drew on its deep roots and core principles to inform a mission-focused approach throughout the year. In 2024, this resulted in more than $560 million in new loans that enabled so many members to reach their dreams. Through sound financial management, total revenue grew by more than 27%, and this additional income was returned to members in the form of share dividends, which grew by nearly 65%. Net interest margin, a key measure of financial performance, increased during the year from 3.02% to 3.58%. Though loan losses increased in 2024, impacting bottom-line income, Blue prudently added almost $11 million net to its credit loss reserve, a proactive measure to ensure our cooperative is best positioned to continue its mission at the highest level.

Built on a legacy of more than seven decades of financial strength and stability, and with a renewed commitment in 2024, Blue looks forward to sharing in your success in 2025 and beyond. We remain focused on strengthening our financial position for the benefit of our more than 140,000 members.

Neal Weber Chief Financial Officer

Financial Statements Your Supervisory Committee Report

Blue Federal Credit Union’s Supervisory Committee consists of five member volunteers, appointed by the Board of Directors, and is tasked with the responsibility of ensuring the Credit Union is operating in a safe and sound manner.

This responsibility is accomplished in two ways. First, by engaging with an external independent auditing firm to ensure the accuracy of Blue Federal Credit Union’s financial statements and member accounts. Second, by working with the Internal Audit Department to provide oversight of internal control systems and assurance to the Board of Directors and our fellow members that appropriate controls are in place.

It is the opinion of the Supervisory Committee that Blue Federal Credit Union has met required financial reporting objectives and continues to operate in a safe and sound manner.

Correspondence can be addressed to: Supervisory Committee P.O. Box 20672 Cheyenne, WY 82003

On behalf of the Supervisory Committee and all of Blue Federal Credit Union, we are grateful for the opportunity to serve you and our communities.

Milton B. Uribe Chairman of the Supervisory Committee

Executive Leadership Team

Stephanie Propps, MBA President and Chief Executive Officer

Greg Mills Chief of Staff and Executive Vice President

Melissa Hanes, M.A. Chief People Officer

Matt Vignale, MBA Chief Retail and Member Experience Officer

Rod Austin Senior Vice President of Marketing

Board of Directors as of December 2024

Kim Alexander, M.S. Chief Strategy and Growth Officer and Executive Vice

President Jason Buchanan, MBA Chief Credit and Risk Officer

Kent Richard, MBA Chief Information Officer

Neal Weber Chief Financial Officer

Sandra Wells Senior Vice President of Lending

Kevin Yao Board Member

Cathrine Buckley Secretary

Tom Reiman Board Member

Eric Harris Treasurer

Ashley Miller Board Member

Sean Dougherty Board Member

Deanne Vogel Chairperson

Teresa Kunkel Board Member

Jeffrey Schultz Board Member

Mark Stege Vice Chairperson

From Southern Colorado to Southern Wyoming

Colorado Locations

5th Street at Ridley’s 7670 5th St. Wellington, CO 80549

119th Avenue

6850 W. 119th Ave. Broomfield, CO 80020

Agate Avenue

129 E. Agate Ave. Granby, CO 80446

Arapahoe Avenue

2800 Arapahoe Ave. Boulder, CO 80303

Boardwalk Drive

181 W. Boardwalk Dr. Fort Collins, CO 80525

Cascade Branch

426 S. Cascade Ave. Colorado Springs, CO 80903

Center Branch

395 S. Worth St. Center, CO 81125

Crestone Branch

110 W. Silver Ave. Crestone, CO 81131

Drake Road

2261 E. Drake Rd., Suite 110 Fort Collins, CO 80525

Dublin Branch

2735 Dublin Blvd.

Colorado Springs, CO 80918

Highway 287 2410 South, US-287 Lafayette, CO 80026

Huron Street 13625 Huron St. Broomfield, CO 80023

Old Town

136 W. Mountain Ave. Fort Collins, CO 80524

Pueblo Branch

225 E. Evans Ave. Pueblo, CO 81004

Salida Branch

7480 US-50 Salida, CO 81201

Sculptor Drive

1371 Sculptor Dr. Loveland, CO 80537

Superior Marketplace

400 Center Dr. Superior, CO 80027

Vista Ridge

2080 Village Vista Dr. Erie, CO 80516

Yale Avenue

6460 E. Yale Ave. Denver, CO 80222

Wyoming Locations

7th Avenue

114 E. 7th Ave. Cheyenne, WY 82001

Blue Diamond Center Branch 2300 Chestnut Dr., Suite 100 Cheyenne, WY 82001

Blue World Headquarters 1240 E. Pershing Blvd. Cheyenne, WY 82001

Dell Range Boulevard 3810 Dell Range Blvd. Cheyenne, WY 82009

F. E. Warren Air Force Base 5105 Randall Ave. Cheyenne, WY 82005

Grand Ave. at Ridley’s 3112 Grand Ave. Laramie, WY 82070

South Greeley Highway

700 S. Greeley Highway Cheyenne, WY 82007

UW Plaza

2405 Grand Ave., Suite F Laramie, WY 82070

Yellowstone Road

6523 Yellowstone Rd. Cheyenne, WY 82009

...I feel as though I haven’t taken the time to properly thank everyone at Blue FCU for the amazing partnership you have provided thus far! From our first meeting when you provided me with my portfolio that included information about banking at Blue and specifics on our Employee Discount, to the handouts you had made for us to distribute at our New Hire Orientation, to the Financial Literacy Seminars that you have hosted (and will continue to host), to attending our Benefits Fairs – you have really gone above and beyond.

I appreciate that your team has made this partnership so easy. I know our employees appreciate it and I feel as though I have not had to lift a finger to be able to provide them with great banking benefits thanks to everything that you and your team have done. We greatly value being partners of Blue!

- Kylie H.

Cheyenne Regional Medical Center

2024 BlueFCU Annual Impact Report

STRONGER

Leadership Overview

Awards For Excellence

Building Stronger Communities: Our Collective Impact

More Than A Community Resource Center

Business Development, Community Engagement, Events, and Fundraising

- Elizabeth W.

Sponsored by Blue

Educational Scholarships Awarded

2024 Scholarship Recipients

Building Blue Together: The Strength of Our People

Financial Strength: Together We Achieve More

Statement of Income and Financial Condition

Financial Statements Your Supervisory Committee Report

Executive Leadership Team

Board of Directors as of December 2024

From Southern Colorado to Southern Wyoming

Colorado Locations

Wyoming Locations