Hughes Federal Credit Union


Overview / Commentary
520-205-5593
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 233rd largest credit union in the nation. It was established in 1951 and as of March of 2020, it had grown to 254 employees and 135,078 members at 7 locations. Hughes Federal Credit Union's money market rates are 14% 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 Friends of Kirk-Bear Canyon Library. 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

Related Posts

RATES DROPPING 1 JULY... - 6/29/2020

Grabbed a nice CD today but was told on 1 July "dramatic rate cuts" will happen. So it's probably too late for anyone else not depositing into a new account in person. Oh well, I hope my CD got funded via my wire today! Decent website and they answer the phone so a good review so far!

Hughes Federal Credit Union Has Rate Leading 36-Month Jumbo CD - 4/9/2020

Hughes Federal Credit Union (easy membership) 36-month CD has tiered APYs: Jumbo, 2.22% APY, $99k; Mini-Jumbo, 2.12% APY, $50k; and CD, 2.02% APY, $1k.

Rate Change At Hughes Federal Credit Union - 12/3/2019

36 month jumbo cd now 2.22% APY (was 2.79% APY)

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Nice Customer Service And Communication

HFCU had some nice CD rates in June 2020 but, I didn't apply online until the 29th. However, they contacted me by phone AND email, explained I could wire in the monies and what credit bureau to unfreeze. They even opened the CD to get the better June rate before they even ACH'd my membership account. I was 3 time zones away but, I had the CD in less than 16 hours! Website is a bit confusing but, it works. Recommened if they continue the good rates!

My Experience Was Five Star.

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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.

Stuck In The Dark Ages

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In trying to transfer my CD funds from Hughes to another credit union, Hughes refused to accept my request by either fax or by secure email from their website. They insisted on hardcopy requests by US Mail. Even asking for a supervisor/manager to override this policy, I was again refused. This is the 21st Century now. This is on top of their co-mingling of my IRA and personal funds against my specific instructions to not do so. Clueless people, a clueless organization, customer-unfriendly policies. Caveat Emptor.

Hughes Federal CU

Posted by: |

Just Kudos to Jennifer T who helped me set up
a 36 mo jumbo CD. I had applied and was approved
the day before a rate change. She was very personable and the rate was honored. The set up
took a few days not due to inefficiency but to
their thoroughness--one of the question had to
do with an event 40 years ago!--so I guess if you
do not remember events in your past that can
lead to frustrations and denial of your application.
Very competitive for CD's.

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Health

Health Grade Components

Overall
NCUA #7531
Year Chartered1951
Employees254
Primary Regulator
Profit Margin
Return on Assets - YTD0.63%
Return on Equity - YTD6.91%
Annual Interest Income$15.4MM
Assets and Liabilities
AssetsQ1 2020vs Q1 2019$1.46B$1.18B
LoansQ1 2020vs Q1 2019$1.05B$1.06B
DepositsQ1 2020vs Q1 2019$1.32B$1.05B
Equity CapitalQ1 2020vs Q1 2019$130.3MM$118.5MM
Loan Loss AllowanceQ1 2020vs Q1 2019$12.7MM$14.9MM
Unbacked Noncurrent LoansQ1 2020vs Q1 2019$5.6MM$4.8MM
Real Estate OwnedQ1 2020vs Q1 2019$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
0.25%$100-Traditional IRA
0.25%$100-SEP IRA
0.25%$100-ROTH IRA
0.15%--Health Savings Account
0.05%$50-Main Share
0.05%--Holiday Club
0.05%--Daily Savings
0.05%--You Name It

Hughes Federal Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%$150k-Ultimate Money Market Savings
0.25%$75k-Premium Money Market Savings
0.15%$1k-High Yield Money Market Savings

Hughes Federal Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.01%--Checking PLUS
0.01%--Checking

Hughes Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.85%$99k-36 Month Jumbo CD
0.80%$50k-36 Month Mini-Jumbo CD
0.75%$1k-36 Month CD
0.70%$99k-24 Month Jumbo CD
0.65%$50k-24 Month Mini-Jumbo CD
0.60%$1k-24 Month CD
0.55%$99k-12 Month Jumbo CD
0.50%$50k-12 Month Mini-Jumbo CD
0.50%$100-36 Month Youth CD
0.45%$1k-12 Month CD
0.40%$99k-6 Month Jumbo CD
0.40%$100-24 Month Youth CD
0.35%$50k-6 Month Mini-Jumbo CD
0.30%$1k-6 Month CD
0.25%$100-12 Month Youth CD
0.15%$100-6 Month Youth CD

Hughes Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.95%$99k-36 Month Jumbo IRA
0.90%$50k-36 Month Mini-Jumbo IRA
0.85%$1k-36 Month IRA
0.80%$99k-24 Month Jumbo IRA
0.75%$50k-24 Month Mini-Jumbo IRA
0.70%$1k-24 Month IRA
0.65%$99k-12 Month Jumbo IRA
0.60%$50k-12 Month Mini-Jumbo IRA
0.55%$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 RdMarana, AZ 85743
Branch Office9036 S. Houghton Rd.Tucson, AZ 85747

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