Blue Federal Credit Union adding two branches in Fort Collins
FORT COLLINS — Blue Federal Credit Union said Friday it will open two branch banks in Fort Collins, bringing its number of locations in the city to three.
Blue Federal is the result of the merger of Wyoming-based Warren Federal Credit Union and Broomfield-based Community Financial Credit Union in April.
Blue Federal has more than $800 million in total assets and serves nearly 70,000 members at its full-service branches in Broomfield, Boulder, Fort Collins, Wellington and Wyoming.
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Blue Federal will build a branch on E. Drake Road just east of Timberline Road, renovate a building at 136. W. Mountain Ave. in Old Town for a branch, and continue to operate its branch at 181 Boardwalk Drive east of South College Avenue. The Old Town branch will open in September.
Blue Federal will break ground next week on a 2,800-square-foot full-service branch on E. Drake. It will serve as an anchor for a community plaza and retail spaces, which Blue Federal is developing at the two-acre site. An official ground-breaking ceremony will be at 4 p.m., Wednesday, June 22, and the branch is slated to open in early 2017.
Blue Federal will build three 2,500-square foot office condos for lease and two 10,000-square-foot pads for future development. The credit union wants to lease the corner location to a restaurant and is interested in hearing from prospective tenants.
The branch in Old Town will have a community room with access to an outdoor patio where after-hours and CSU game-day events will be hosted.
Both branches will have spaces for community events and programs, including Colorado State University Athletics, as well as retail and office space available for lease.
“Fort Collins has already proven to be a great community for Blue,” said Mike Martin, senior vice president of administration at Blue Federal Credit Union. “Our sponsorship as the exclusive credit union of Colorado State University Athletics and growing membership base makes this a fantastic community for us to continue this growth effort.”
