Hughes Federal Credit Union


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

From the Bank

Our mission to always make a positive difference in each member's financial life has shaped our journey every step of the way. While we’ve guided and worked to forge paths toward financial prosperity, our members have always taken the driver’s seat. We go where you go. As you steer toward a new chapter in life, whatever it may be, we get you there.

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, or Friends of Green Valley Library. Membership is also open to those who live, work, worship, or attend school in Tucson, Arizona. Employees/retirees/students of more than 850 Sponsor Companies, including Hughes Aircraft, the State of Arizona, and the University of Arizona are also eligible to join.
See current membership details

Related Posts

Another ChexSystems User - 2/16/2024

Be on notice Hughes FCU screens new applicants using ChexSystems. I write on this matter based upon bitter personal experience.

Buyer Beware !! - 1/21/2024

It appears that their CD's are Variable rates. Read the small print !! ( Rates and terms are variable and subject to change at any time after the account is opened. Fees may reduce earnings. Effective as of 1/1/2024.) Moderator Note: Hughes Federal Credit Union's CDs are not variable rate CDs. They are fixed rate as specified on page 41 of Hughes FCU's Share Accounts Information and Agreement document: “The dividend rate and annual percentage yield on Certificate Accounts are fixed and will not change during the specified period.”

Hughes Federal Credit Union Unveils 17-Month Mini-Jumbo and Jumbo CDs - 1/4/2024

Hughes Federal Credit Union (easy membership) has added two rate-leading CD Specials: 17-month Mini-Jumbo ($50k min) and 17-month Jumbo ($99k min).

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Happy With New Acct Process

Posted by: |

Opened a new CD acct, application was easy and response from HFCU rep the same day. I had a little problem getting my on-line registration to work so called and talked to a rep right away and they solved issue quickly.

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.

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!

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Health

Health Grade Components

Overall
NCUA #7531
Year Chartered1951
Employees282
Primary Regulator
Profit Margin
Return on Assets - YTD1.14%
Return on Equity - YTD9.83%
Annual Interest Income$81MM
Assets and Liabilities
AssetsQ3 2023vs Q3 2022$1.92B$1.97B
LoansQ3 2023vs Q3 2022$1.71B$1.7B
DepositsQ3 2023vs Q3 2022$1.67B$1.74B
Equity CapitalQ3 2023vs Q3 2022$220.1MM$217.9MM
Loan Loss AllowanceQ3 2023vs Q3 2022$29.6MM$4.7MM
Unbacked Noncurrent LoansQ3 2023vs Q3 2022$29.7MM$14.9MM
Real Estate OwnedQ3 2023vs Q3 2022$0$0
Rates
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Always verify rates and promotions with the bank or credit union. We are not Hughes Federal Credit Union; we are a rate comparison website and cannot provide official rates or promotions.

Hughes Federal Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.79%$100-Traditional IRA
2.79%$100-SEP IRA
2.79%$100-ROTH IRA
1.16%--Health Savings Account
0.05%$50-Main Share
0.05%--Holiday Club
0.05%--Daily Savings
0.05%--You Name It Savings

Hughes Federal Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.56%$250k-Prestige Money Market Savings
3.30%$150k-Ultimate Money Market Savings
3.05%$75k-Premium Money Market Savings
2.79%$1k-High Yield Money Market Savings

Hughes Federal Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.65%--Checking PLUS
0.05%--Checking

Hughes Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
5.65%$99k-17 Month Jumbo CD Special
5.60%$50k-17 Month Mini-Jumbo CD Special
4.97%$99k-36 Month Jumbo CD
4.92%$50k-36 Month Mini-Jumbo CD
4.86%$1k-36 Month CD
4.71%$99k-29 Month Jumbo CD
4.65%$50k-29 Month Mini-Jumbo CD
4.60%$1k-29 Month CD
4.45%$99k-24 Month Jumbo CD
4.39%$50k-24 Month Mini-Jumbo CD
4.34%$1k-24 Month CD
3.92%$99k-12 Month Jumbo CD
3.87%$50k-12 Month Mini-Jumbo CD
3.82%$1k-12 Month CD
3.56%$100-36 Month Youth CD
3.41%$99k-6 Month Jumbo CD
3.35%$50k-6 Month Mini-Jumbo CD
3.30%$1k-6 Month CD
2.99%$100-24 Month Youth CD
2.53%$100-12 Month Youth CD
2.02%$100-6 Month Youth CD

Hughes Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
5.07%$99k-36 Month Jumbo IRA
5.02%$50k-36 Month Mini-Jumbo IRA
4.97%$1k-36 Month IRA
4.55%$99k-24 Month Jumbo IRA
4.50%$50k-24 Month Mini-Jumbo IRA
4.45%$1k-24 Month IRA
4.03%$99k-12 Month Jumbo IRA
3.98%$50k-12 Month Mini-Jumbo IRA
3.92%$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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