Main Share Account

Opening a Share Savings Account is all it takes to become a member of Hughes Federal Credit Union. The minimum deposit to open the account is $50. That's your share in the credit union, which stays in the account, earns dividends, and maintains your membership.

You can also open your account with a $10 deposit and have six months to bring your balance up to the minimum $50. Once you reach $50, you can apply for any of our other benefits and services, which include voting for our board of directors.

The Main Share Account is subject to Regulation D, which allows a maximum of six (6) withdrawals per month. If you need to use your savings account for frequent transactions, you may want to open a Daily Savings Account. It earns higher dividends than a regular checking account but there are no withdrawal limitations. Apply for a savings account today!

Daily Savings

The Daily Savings account is a transactional account designed for members who desire convenient access to their savings. Withdrawals and transfers are not subject to Regulation D withdrawal restrictions. With a Daily Savings Account, you can access your money at ATMs and point-of-sale machines. The minimum balance is only $.01 and you'll earn competitive rates on a daily basis.

Your Daily Savings Account can also be set up as Overdrawn Protection for your checking account. We recommend this account be used as the second source of Overdrawn Protection following the Line of Credit (LOC).

To open your account, contact a Member Service Representative at (520) 794-8341 or email us with your request.

Health Savings Accounts

With the high cost of medical expenses, qualifying members can now contribute to a Health Savings Account offered through the Credit Union and put money aside for current and future medical expense—tax-free.

To open your Health Savings Account, please contact the Credit Union by calling (520) 794-8341; (800) 253-8245 or stop by any branch.

Term Share Accounts
Hughes Federal Credit Union offers a variety of Share Certificates. Term shares have terms of 6 months, 12 months, 24 months and 36 months.

• Term Share Account — minimum balance $1,000. Rates on this account are competitive, and dividends are compounded daily and credited monthly.
• Mini-Jumbo Term Share Account — minimum balance $50,000. Dividend rates on this account are higher than on the Term Share Account.
• Jumbo Term Share Account — minimum balance $99,000. Rates on these accounts are the highest offered on our term accounts.

There is a substantial penalty for early(premature) withdrawal of Term Share Account (formerly called Certificate of Deposit) funds. Rates and Annual Percentage Yields (APY) are accurate as of the date of publication. Please contact the Credit Union for current rates or more information.

Youth Term Share Account
Ask about our Youth Term Share Accounts for members age 0-17! Hughes is committed to starting youth on the path of setting financial goals and saving to reach them. Kids and teens will get a head start on saving money and watch their money grow.

• Available in 6-, 12-, 24- and 36-month terms 
• Minimum balance of just $100!

 Check out our Youth & Money page for information on our Kids and Teen clubs!

There is a substantial penalty for early(premature) withdrawal of Term Share Account (formerly called Certificate of Deposit) funds. Rates and Annual Percentage Yields (APY) are accurate as of the date of publication. Please contact the Credit Union for current rates or more information.

Holiday Club
Stop paying holidays bills long after the holiday season has ended! Open a Holiday Club Account today and start saving for the next holiday season. Sign up for Direct Deposit and we can put a little in the account from each pay or retirement check. It's the easy and painless way to save for next year's holiday expenses. The funds are transferred into your Main Share or Checking account every October 1 to make holiday shopping more enjoyable.

To open your account, call a Member Service Representative at (520) 794-8341 or email us with your request.

"You Name It" Savings Account
Members can open a "You Name It" account, which enables you to choose the name for your own savings account and use it for whatever you want: vacations, college, a new car, summer childcare, MatriMoney, graduation, GradFunds, Baby's First Account and more. The name you select will appear on your statement and eBranch online banking so you can easily track your progress toward your savings goal.

Call a Member Service Representative today (520) 794-8341 or email us to open your "You Name It" savings account today!

High Yield and Premium Yield Accounts

Click here for more information.