Hughes Federal Credit Union


Overview / Commentary
520-794-8341
971 W Wetmore Rd
Tucson, AZ 85705

Hughes Federal Credit Union is headquartered in Tucson and is the 5th largest credit union in the state of Arizona. It is also the 223rd largest credit union in the nation. It was established in 1951 and as of December of 2021, it had grown to 252 employees and 166,623 members at 7 locations. Hughes Federal Credit Union's money market rates are 70% higher than the national average, and it has an A health rating.

Field of Membership Restrictions

Hughes Federal Credit Union is open to anyone by making a $10 donation to one of the following community Special Interest Groups: Friends of the Oro Valley Public Library, Friends of the Pima County Public Library, Friends of Green Valley Library, or Tucson Audubon Society. Membership is also open to those who live, work, worship, or attend school in Tucson, Arizona. Employees/retirees/students of more than 800 Sponsor Companies, including Hughes Aircraft, the State of Arizona, and the University of Arizona are also eligible to join. (Complete details listed on the first page of the online membership application.)
See current membership details

Hughes Federal Credit Union

Posted by: |

I composed this message about a month ago, but I am not positive that it went through. I am re-entering it now. There were a series of fo-pas that happened, which resulted in Hughes reporting non-payment to my credit on at least 2 occasions. I was given the wrong information to send my online bill pay payments to. I was in fact making my payments, but Hughes never received them! Needless to say, I was super upset. During my subsequent phone calls to Cerner, a number of employees helped me, they were so kind, knowledgeable, cancelled the payments that went out to the wrong location, and I was refunded within 2-3 days. I spoken with Kristen who went to her manager Amanda and explained my situation. All employees in my file over the last couple of months, have helped me more than I can say. Amanda also ended up looking into details from a car dealership for me and involved a VP to help my situation. I know her name, but wasn't sure if I should list it. Hughes treated me like a human, like a person who was suffering, and they all went above and beyond to correct the situation. Amanda is reversing my derogatory credit marks, my husband and I were approved for a car loan, and I would recommend HFCU to ANYONE at ANYTIME! I feel that Kristen, Amanda, and everyone I spoke with deserves praise for their, beyond exceptional customer service. Not just that, but literally changing my life and my credit and my situation overall. I will stay with HFCU, hopefully forever. My opinion about Hughes and Credit Unions in general has changed for the better permanently due to my positive experiences recently with Hughes! Thank you so very much to everyone who helped me and my family to reverse every negative thing that occurred. Thank you, thank you, thank you! Hughes....YOU ROCK!!! I am happy to elaborate more for anyone who wants to contact me with further questions!

My Experience Was Five Star.

Posted by: |

I opened two Roth IRAs in August and was so impressed with a technically advanced application process that I felt my investment would be secure at this Credit Union. The representative helping me saw that the my funds were transferred properly and in a timely manner, which is so important with IRAs. I experienced good communications by very friendly, knowledgeable and helpful people. I feel very fortunate that these CDs (great rates) became available when I had other CDs maturing.

They Do What They Say, But Different Than Other CU's

At the elderly age of 77, I decided, for the sake of my heirs, to move all my CD's from several different credit unions to a single financial institution.

Much to my surprise, all credit unions except two waived any early withdrawal penalties as part of a Trustee to Trustee transfer of my IRA's.

One that held fast to a 6 month penalty of interest was Hughes. The lady I worked with to ask about this was very nice, but there is no give in their policy. Additionally they are the only credit union that will not allow Required Minimum Distributions to be taken out of a CD. Not to complain too much; that was part of the disclosures when opening the CD. They do what they say and they are tough.

Horrible Experience, I Would Not Do Business Here

Posted by: |

I worked with Manny Urquidez and Alejandrina Annerino and they both were a nightmare to work with! I've been in banking for almost ten years and would never treat a customer like this! They ignore emails and they are never on the same page so it makes working with this credit union horrible!

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Health

Health Grade Components

Overall
NCUA #7531
Year Chartered1951
Employees252
Primary Regulator
Profit Margin
Return on Assets - YTD2.18%
Return on Equity - YTD22.32%
Annual Interest Income$82.1MM
Assets and Liabilities
AssetsQ4 2021vs Q4 2020$1.95B$1.65B
LoansQ4 2021vs Q4 2020$1.52B$1.29B
DepositsQ4 2021vs Q4 2020$1.75B$1.50B
Equity CapitalQ4 2021vs Q4 2020$185.2MM$143.8MM
Loan Loss AllowanceQ4 2021vs Q4 2020$6.3MM$11.6MM
Unbacked Noncurrent LoansQ4 2021vs Q4 2020$11.3MM$7.4MM
Real Estate OwnedQ4 2021vs Q4 2020$0$0
Rates
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Hughes Federal Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%$100-Traditional IRA
0.50%$100-SEP IRA
0.50%$100-ROTH IRA
0.25%--Health Savings Account
0.15%$50-Main Share
0.15%--Holiday Club
0.15%--Daily Savings
0.15%--You Name It

Hughes Federal Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.75%$150k-Ultimate Money Market Savings
0.50%$75k-Premium Money Market Savings
0.25%$1k-High Yield Money Market Savings

Hughes Federal Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.05%--Checking PLUS
0.05%--Checking

Hughes Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.71%$99k-36 Month Jumbo CD
1.66%$50k-36 Month Mini-Jumbo CD
1.61%$1k-36 Month CD
1.51%$99k-29 Month Jumbo CD
1.46%$50k-29 Month Mini-Jumbo CD
1.41%$1k-29 Month CD
1.21%$99k-24 Month Jumbo CD
1.16%$50k-24 Month Mini-Jumbo CD
1.11%$1k-24 Month CD
1.01%$99k-12 Month Jumbo CD
0.95%$50k-12 Month Mini-Jumbo CD
0.90%$1k-12 Month CD
0.85%$99k-6 Month Jumbo CD
0.85%$100-36 Month Youth CD
0.80%$50k-6 Month Mini-Jumbo CD
0.75%$1k-6 Month CD
0.75%$100-24 Month Youth CD
0.55%$100-12 Month Youth CD
0.45%$100-6 Month Youth CD

Hughes Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.82%$99k-36 Month Jumbo IRA
1.76%$50k-36 Month Mini-Jumbo IRA
1.71%$1k-36 Month IRA
1.31%$99k-24 Month Jumbo IRA
1.26%$50k-24 Month Mini-Jumbo IRA
1.21%$1k-24 Month IRA
1.11%$99k-12 Month Jumbo IRA
1.06%$50k-12 Month Mini-Jumbo IRA
1.01%$1k-12 Month IRA
Locations


Hughes Federal Credit Union Locations
Branch Office951 E Hermans RdTucson, AZ 85756-9000
Branch Office971 W Wetmore RdTucson, AZ 85705-1551
Branch Office7970 N Thornydale RdTucson, AZ 85741
Branch Office3131 E Speedway BlvdTucson, AZ 85716
Branch Office280 N Pantano RdTucson, AZ 85710
Branch Office7820 N Cortaro RdTucson, AZ 85743-8326
Branch Office9036 S Houghton RdTucson, AZ 85747

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