Hughes Federal Credit Union 36-Month Jumbo CD Earns 3.10% APY

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Deal Summary: 36-month Jumbo CD, 3.10% APY ($99k); 36-month Mini-Jumbo CD, 2.99% APY ($50k); and 36-month CD, 2.89% APY ($1k)

Availability: Easy membership requirement

Arizona-based Hughes Federal Credit Union (Hughes FCU) has raised the rates on most of its CDs, with the 36-month having the most competitive APYs: Jumbo CD, 3.10% APY ($99k); 36-month Mini-Jumbo CD, 2.99% APY ($50k); and 36-month CD, 2.89% APY ($1k).

APYMINMAXINSTITUTIONPRODUCTDETAILS
3.10%$99k-Hughes Federal Credit Union36 Month Jumbo CD
2.99%$50k-Hughes Federal Credit Union36 Month Mini-Jumbo CD
2.89%$1k-Hughes Federal Credit Union36 Month CD
Rates as of September 19, 2019.

In the past eight months, there have been three rates increases for the 36-month Jumbo CD, Mini-Jumbo CD, and CD, adding 113, 118, and 112 bps, respectively.

The 36-month CDs are also offered as IRAs (Traditional, Roth, SEP) at higher rates: Jumbo, 3.20% APY ($99k); 36-month Mini-Jumbo, 3.15% APY ($50k); and 36-month, 3.10% APY ($1k).

APYMINMAXINSTITUTIONPRODUCTDETAILS
3.20%$99k-Hughes Federal Credit Union36 Month Jumbo IRA (Traditional, Roth, SEP)
3.15%$50k-Hughes Federal Credit Union36 Month Mini-Jumbo IRA (Traditional, Roth, SEP)
3.10%$1k-Hughes Federal Credit Union36 Month IRA (Traditional, Roth, SEP)
Rates as of September 19, 2019.

As stated in Hughes FCU’s Truth-in-Savings document, the Early Withdrawal Penalty reads as follows:

The penalty of early redemption shall equal the greater of a loss of $50.00 or 180 days
dividends on a term greater than 367 days. Partial withdrawals are not allowed.

Beneficiary(es) can be named and Social Security numbers are required. If multiple beneficiaries are be named, equal shares will be assigned to each.

Availability

Headquartered in Tucson, Arizona, Hughes Federal Credit Union’s field of membership (FOM) is varied, with ways for almost anyone to qualify for membership.

Easy Membership Requirement: Making a $10 donation to any of four local non-profits (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) qualifies for membership eligibility, regardless of where you live.

Residency: Individuals who live, work, worship, or attend school in Tucson are eligible.

Employment: Individuals employed by Hughes FCU’s 800+ SEGs qualify for membership.

Relationship: Family members of current Hughes FCU members are also eligible to join.

Joining Hughes Federal Credit Union and/or opening a CD can be done online, or by visiting of any of the seven Arizona branches located in Tucson (6) and Marana.

A Main Share Savings Account establishes your membership
at Hughes. An initial deposit of $50.00 is required upon opening.

Hughes FCU participates in CO-OP Shared Branch network, giving its members access to more then 5,000 shared branches across the country.

Credit Union Overview

Hughes Federal Credit Union has an overall health grade of "A" at DepositAccounts.com, with a Texas Ratio of 3.56% (excellent) based on March 31, 2019 data. In the past year, Hughes FCU has increased its total deposits by $9.05 million, an above average annual growth rate of 0.87%. Please refer to our financial overview of Hughes Federal Credit Union (NCUA Charter # 7531) for more details.

Hughes Federal Credit Union was established in 1951 by employees of the Hughes Missile Systems (now Raytheon Missile Systems). In 1992, Hughes FCU merged with Arizona Transportation Credit Union, which served the employees of the Union Pacific Railroad and more than 400 SEGs in Phoenix and Tuscon. The FOM was expanded in 2001 to included the residents of Tucson. Hughes FCU is currently Arizona’s 6th largest credit union, with nearly 129,000 members and assets in excess of $1.1 billion.

How the CDs Compare

When compared to the similar length-of-term CDs tracked by DepositAccounts.com that are available nationally, Hughes Federal Credit Union’s 36-month CD, Mini-Jumbo CD, and Jumbo CDs currently rank in the top eight, regardless of minimum deposit requirements.

The above rates are accurate as of 6/6/2019.

To look for the best CD rates, both nationwide and state specific, please refer to our CD Rates Table page.

Related Pages: Tucson CD rates, 5-year CD rates, nationwide deals

Comments
FilmNoir
FilmNoir   |     |   Comment #1
Good to see another decent 36mo rate of course, but in your "How do CDs Compare", why didn't you put Connexus CU? They're offering the same rate (3.10% APY on a 36mo CD). They have the same EWP (180 days) and you don't have to have $50 in your primary savings account. Just surprised you didn't put that in your list, since there was even a blog post about it not too long ago (and it's still being offered).

Connexus is also open to anyone (with just a $5 donation to their charitable foundation) and they make things pretty easy, and seem to be on the ball. Not to dismiss Hughes CU -- again, glad to see another place having a decent rate (esp now, with the Fed talking about having to possibly lower rates again because of this president's lovely tarrif war) but wanted to point out that Connexus has the same deal going on.
Shirl
Shirl   |     |   Comment #2
Unbelievable, thanks for the HEADS up!
anon
anon   |     |   Comment #3
And if you want to join Connexus and all you want is a CD (not checking, credit card or loan, etc) Connexus only does a soft pull on your credit (TU). Not sure about Hughes, but they probably do a hard pull. Connexus was the first CU I've encountered that was satisfied with only a soft pull when becoming a member. Like Hughes, Connexus is also CO-OP Shared Branch.
Hughes FCU Offers Nationally Available 29-Month CD
Availability: Easy membership

In January, Hughes Federal Credit Union (Hughes FCU) raised the rates on all of its CDs, and at that time I wrote specifically about the 36-month CD, which has maintained its increased APY.

Hughes FCU is currently offering three different competitive 29-month CDs. While some credit unions have tiered APYs based on deposit levels for individual CDs, Hughes FCU has opted to have three categories (CD, $1K+; Mini-Jumbo CD, $50K+; and Jumbo CD, $99K+) for each length-of-term CD.

As stated in Hughes FCU’s Truth...

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Hughes FCU Has Tiered APY 36-Month CD
Availability: Easy membership

While some credit unions have tiered APYs based on deposit levels for individual CDs, Hughes Federal Credit Union (Hughes FCU) has opted to have three categories (CD, $1K+; Mini-Jumbo CD, $50K+; and Jumbo CD, $99K+) for each length-of-term CD.

Over the weekend, Hughes FCU raised the rates on all its CDs, with the 36-month having the most competitive rates.

The 36-month CDs are also available as IRAs (Traditional, Roth, and SEP) with the same deposit tiers, but with higher APYs.

As stated in Hughes FCU’s Truth...

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Special 29-Month CD at Hughes Federal Credit Union in Tucson - Easy Membership

Hughes Federal Credit Union is offering an anniversary special certificate with a 29-month term. Three rates are available for different deposit sizes. The highest rate is 1.51% APY for a $99K deposit. There's also a 1.41% APY for a $50K deposit and 1.31% APY for a $1K deposit. These rates are listed in the credit union's term share account rates page as of 5/11/2012.

The credit union also has an interesting program for its term share accounts (CDs). It's called Buy Up Rate, and it allows you to add $10,000 or...

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