This inaugural flag was won on the basis of the number of premiership points attained during the home and away season, but by the time Cudgewa next went top, in 1904, the Association had introduced a finals system.

The Blues won that year's grand final against Corryong, and by the time of the outbreak of world war one had added further such triumphs at the expense of Federal in 1911, Corryong in 1913, and Federal in 1914.

Over the course of the forty-one season period from 1946 to 1986 the Blues contested no fewer than twenty-four senior grade grand finals, winning sixteen of them.

For the rest of the decade the Blues made the finals on only 4 occasions as they slowly rebuilt with some of the more promising players in the competition.

By 2011 under new coach Bill Deery, and with a host of new recruits, the club made a resurgence to reach the Grand Final only to be defeated by Bullioh by 63 points in the decider.