A credit union is a not for profit financial institution that is owned and controlled by its members. It is operated for the purpose of providing credit at competitive rates and providing other financial services to its members.

Who owns a credit union?

You, the members, own the credit union. Every member becomes a shareholder with a minimum deposit of $5 into a regular savings account. Because you are a shareholder, this allows you one vote on major decisions placed before the membership such as Board Member elections.

How are credit unions different from banks?

There are many differences between credit unions and banks, but the most important difference is that credit unions are democratically run. Credit unions’ elect board members from the membership and allow the membership to vote on the elected officials. These officials then meet monthly, if not more, to discuss decisions regarding the credit union. Banks, on the other hand, exist to earn dividends for shareholders.

Who can join Blue Water Federal Credit Union?

Federal and Postal employees and their immediate family members. See Membership for full details.

What is Blue Water Federal’s routing number?


Are my savings deposits insured?

Yes. Have peace of mind knowing your savings accounts are insured up to $250,000.00 and IRA accounts are insured an additional $250,000.00 by the National Credit Union Administration (NCUA). NCUA is an agency of the federal government. To learn more go to: http://www.ncua.gov/Legal/GuidesEtc/GuidesManuals/NCUAYourInsuredFunds.pdf

Why should I borrow from my credit union?

Because we are not for profit, we generally have the lowest cost loans available. Credit unions typically do not have hidden fees associated with loans. We provide quick approval on all loans and have some of the friendliest service around.

When can I apply for a loan?

You can apply for a loan as soon as you become a member of the credit union.

What is Verified by Visa and why should I apply?

Visa offers comprehensive fraud protection, but Verified by Visa goes even a step further, adding an extra layer of security at the point where you enter credit card information online. The service helps prevent unauthorized online use before it happens by confirming your identity with an additional password. To register go to: https://verified.visa.com/aam/activation/landingPage.aam

What is MasterCard Secure Code and why should I apply?

MasterCard Secure Code is a private code for your MasterCard account that you can use when you are shopping online. Only you and MasterCard know what your code is – retailers are not able to see it. Therefore, you can trust that your transactions get independent approval every time. To register go to: https://secure4.es.arcot.com/vpas/bwfnf4mc_mc/enroll/index.jsp?locale=en_US&bankid=2266


LOC = Line of Credit
Open Term LOC = A signature limit granted which can be advanced as the balance is reduced
Closed Term Loan = A term loan which cannot be advanced as the balance is reduced