Over the last decade or so, Blue Federal Credit Union has repositioned itself from a Cheyenne-based institution closely associated with a local military installation into a multi-state player with branches across the Front Range and its name adorning one of Northern Colorado’s highest profile sports and entertainment venues . Blue’s growth efforts, which for years have been focused in the Boulder Valley and Northern Colorado, expanded even farther south with its merger this spring with Colorado Springs-based Aventa Credit Union. “We operate in 27 locations that stretch from Cheyenne down to Pueblo, and out to Crestone and Granby, so we hit the central Colorado region and all the way up and down the Interstate 25 corridor,” Blue FCU vice president of public relations and membership development Michele Bolkovatz said.
With the Aventa merger, the combined institution has more than $2.25 billion in assets and a membership base that exceeds 150,000 people — more than twice the population of its Cheyenne homebase. In addition to bringing more assets, members and new markets into the fold, the Aventa merger provides Blue with a Colorado corporate and administrative homebase at the former Aventa headquarters in Colorado Springs.
The institution took its current shape and accelerated its Colorado growth strategy in 2016 when Warren Federal Credit Union and Broomfield-based Community Financial Credit Union merged and were rebranded as Blue Federal Credit Union. At that time, .
