Question 1

What is Bluestone Federal Credit Union (Bluestone FCU)?

Accepted Answer

Bluestone Federal Credit Union is a federally chartered credit union based in Sioux Falls, South Dakota, serving over 11,700 members with approximately $203 million in assets. Originally established to serve City of Sioux Falls employees, the credit union has expanded to serve members across 43 counties in Iowa, Minnesota, Nebraska, and South Dakota.

Question 2

When was Bluestone Federal Credit Union (Bluestone FCU) founded?

Accepted Answer

Bluestone Federal Credit Union was chartered on August 25, 1938, to offer not-for-profit financial services to employees of the City of Sioux Falls. The credit union began with humble beginnings, operating out of a closet in City Hall with a cigar box serving as the cash drawer.

Over more than 80 years, the credit union has grown from its modest origins into a full-service financial institution with over $100 million in assets. Throughout its history, Bluestone has maintained its founding focus on member service while significantly expanding its field of membership to serve multiple counties across four states.

Question 3

Where is Bluestone Federal Credit Union (Bluestone FCU) headquartered?

Accepted Answer

Bluestone Federal Credit Union is headquartered in Sioux Falls, South Dakota. The credit union's mailing address is P.O. Box 90240, Sioux Falls, SD 57109.

The institution has evolved from its original location in a closet at Sioux Falls City Hall to a modern headquarters serving members throughout the region.

Question 4

Where does Bluestone Federal Credit Union (Bluestone FCU) operate?

Accepted Answer

Bluestone Federal Credit Union operates three conveniently located branch offices serving members across 43 counties in Iowa, Minnesota, Nebraska, and South Dakota. The credit union's expanded field of membership includes anyone who lives, works, worships, or attends school in these designated counties.

Members have access to over 32,000 surcharge-free ATMs nationwide through the CO-OP Network and can conduct transactions at shared branch locations throughout the country. This extensive network allows Bluestone members to access their accounts far beyond the credit union's physical branch locations.

Question 5

What services does Bluestone Federal Credit Union (Bluestone FCU) offer?

Accepted Answer

Bluestone Federal Credit Union provides comprehensive financial services including share savings accounts, checking accounts, money market accounts, certificates of deposit, and Individual Retirement Accounts (IRAs). The credit union offers auto loans, home mortgages, personal loans, and credit cards.

Digital banking services include online banking and mobile banking platforms that allow members to view accounts, transfer funds, make loan payments, and deposit checks remotely. Members can apply for loans and open accounts online for added convenience.

The credit union participates in the CO-OP ATM Network, providing access to over 32,000 surcharge-free ATMs across the United States. Through the Shared Branch Network, members can conduct transactions at thousands of participating credit union locations nationwide. No membership fees are required to join, embodying the credit union philosophy of accessibility and member-first service.

Question 6

What makes Bluestone Federal Credit Union (Bluestone FCU) unique?

Accepted Answer

Bluestone Federal Credit Union distinguishes itself through its member-centric philosophy, emphasizing that members are "not just an account, you're a face, a name and a member-owner." This personal approach to banking reflects the institution's roots serving City of Sioux Falls employees and its continued commitment to knowing its members individually.

The credit union's vision is "to be the financial resource of choice in our community," while its mission focuses on empowering "members to make sound financial decisions to achieve their dreams." This community-oriented approach, combined with over 80 years of service, creates a unique blend of stability and personalized attention.

Bluestone returns excess earnings to member-owners through competitive interest rates and lower fees rather than distributing profits to outside shareholders. The credit union's expansion across four states while maintaining its cooperative values demonstrates successful growth without losing sight of its founding principles.

Question 7

What type of financial institution is Bluestone Federal Credit Union (Bluestone FCU)?

Accepted Answer

Bluestone Federal Credit Union is a federally chartered credit union regulated by the National Credit Union Administration (NCUA). As a community credit union, it serves anyone who lives, works, worships, or attends school within its 43-county field of membership spanning Iowa, Minnesota, Nebraska, and South Dakota.

As a member-owned financial cooperative, Bluestone is governed by a volunteer board of directors elected from and by the membership. Each member has equal voting rights regardless of account balance or services used, following the democratic principle of "one member, one vote."

Member deposits are federally insured by the NCUA up to $250,000, providing the same level of protection as FDIC insurance at banks. Credit union membership includes ownership in the financial cooperative, with family members also eligible for membership once one person joins.

Bluestone Federal Credit Union (Bluestone FCU)

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About Bluestone Federal Credit Union (Bluestone FCU) in the United States