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Overview / Commentary
520-794-8341
P.O. Box 11900
Tucson, AZ 85734

Hughes Credit Union is headquartered in TUCSON and is the 6th largest credit union in the state of Arizona. It is also the 296th largest credit union in the nation. It was established in 1951 and as of December of 2013, it had grown to 175 employees and 79,640 members. Hughes Credit Union has a A health rating.

Field of Membership Restrictions

You are eligible to become a lifetime member/owner of Hughes if you meet one of the following eligiblity requirements: * Through your employer. View the list of supported employers. * Live, work, worship or attend school in Tucson, Arizona. * An immediate family or household member of any Hughes member. * Join or belong to one of the following groups: o Oro Valley Friends of the Library, $10 o Tucson/Pima County Friends of the Library, $20 o Marana Arts Council, $25 o Audubon Society, $30 - See Details

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Health

Data for Q4 2013

Institution Health

A

Texas Ratio

GRADE:
A+

The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2013 Hughes Credit Union had $2.77 million in non-current loans and owned real-estate with $75.29 million in equity and loan loss allowances on hand to cover it. This gives Hughes Credit Union a Texas Ratio of 3.68% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for Hughes Credit Union experienced no significant changes from 3.24% as of December 31, 2012 to 3.68% as of December 31, 2013, resulting in a negative change of 13.57%. This indicates that the balance sheet and financial strength for Hughes Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
A

In the past year, Hughes Credit Union has increased its total deposits by $30.81 million, resulting in 4.76% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Hughes Credit Union has shown is excellent.

Capitalization

GRADE:
B

Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Hughes Credit Union has $753.18 million in assets with $75.29 million in equity, resulting in a capitalization level of 10.00%, which is above average.

Institution Statistics

Overall
NCUA #7531
Year Chartered1951
Employees175
Primary Regulator
Assets and Liabilities
Assets$753.18 million
Loans$588.31 million
Deposits$678.38 million
Equity Capital$69.44 million
Loan Loss Allowance$5.86 million
Unbacked Noncurrent Loans$2.77 million
Real Estate Owned$0
Historic Data - December 2012
Assets$714.58 million
Equity Capital$62.56 million
Loan Loss Allowance$4.64 million
Unbacked Noncurrent Loans$2.77 million
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin4.68%
Return on Assets0.91%
Return on Equity9.91%
Interest Income$30.94 million
Rates
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Hughes Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.35%$150k-Ultimate Yield Account
0.25%$75k-Premium Yield Account
0.25%$100-Contributory IRA
0.25%$100-Spousal IRA
0.25%$100-SEP IRA
0.25%$100-Rollover IRA
0.25%$100-ROTH IRA Accumulative
0.25%$100-ROTH IRA Rollover
0.15%$1k-High Yield Account
0.15%--Health Savings Account Checking
0.10%$50-Main Share Account
0.10%--Holiday Club Account
0.10%--Escrow Share Account
0.10%--Daily Savings Account
0.10%--You Name It

Hughes Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.05%--Free Checking
0.05%--Premier Checking

Hughes Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
0.90%$99k-36 Month Jumbo CD
0.80%$50k$99k36 Month Mini-Jumbo CD
0.70%$99k-24 Month Jumbo CD
0.70%$1k$50k36 Month CD
0.60%$50k$99k24 Month Mini-Jumbo CD
0.55%$100-36 Month Youth CD
0.50%$1k$50k24 Month CD
0.45%$100-24 Month Youth CD
0.35%$99k-12 Month Jumbo CD
0.30%$50k$99k12 Month Mini-Jumbo CD
0.30%$99k-6 Month Jumbo CD
0.25%$1k$50k12 Month CD
0.25%$50k$99k6 Month Mini-Jumbo CD
0.20%$1k$50k6 Month CD
0.20%$100-12 Month Youth CD
0.15%$100-6 Month Youth CD

Hughes Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
1.01%$99k-36 Month Jumbo IRA (Traditional,Roth,SEP)
0.96%$50k$99k36 Month Mini-Jumbo IRA (Traditional,Roth,SEP)
0.90%$1k$50k36 Month IRA (Traditional,Roth,SEP)
0.85%$99k-24 Month Jumbo IRA (Traditional,Roth,SEP)
0.70%$50k$99k24 Month Mini-Jumbo IRA (Traditional,Roth,SEP)
0.65%$1k$50k24 Month IRA (Traditional,Roth,SEP)
0.45%$99k-12 Month Jumbo IRA (Traditional,Roth,SEP)
0.40%$50k$99k12 Month Mini-Jumbo IRA (Traditional,Roth,SEP)
0.35%$1k$50k12 Month IRA (Traditional,Roth,SEP)
Locations


Hughes Credit Union Locations
Branch Office971 W Wetmore RdTucson, AZ 85705-1551
Branch Office8701 S Kolb RdTucson, AZ 85756
Branch Office7970 N Thornydale RdTucson, AZ 85741
Branch Office280 N Pantano RdTucson, AZ 85710
Branch Office3131 E Speedway BlvdTucson, AZ 85716
Branch Office951 E Hermans RdTucson, AZ 85756-9000