Credit Union History
The credit union movement began more than 150 years ago in Flammersfeld, Germany. The idea was simple. People could pool their money and lend to one another.

In 1909, credit unions spread to the United States. Leagues were formed in each state to help credit unions with financial and legal advice, organization and state legislation. Arizona's credit union league, which serves all the credit unions in the state of Arizona, is the Arizona Credit Union System in Phoenix, Arizona.

Credit unions in the United States also receive support from the Credit Union National Association (CUNA) and worldwide from the World Council of Credit Unions.

More than 70 million Americans belong to a credit union, and it is estimated that another 40 million people in the U.S. qualify for credit union membership according to current  "field of membership" rules. There are currently more than 11,000 credit unions across the country.

Today, there are more than 39,000 credit unions in 84 countries serving more than 120 million members. Each year, credit unions around the world together celebrate the credit union difference on International Credit Union Day, which is the third Thursday in October.

Hughes Federal Credit Union
Hughes Federal Credit Union was formed in 1952 in Tucson for the purpose of serving the financial needs of Hughes Aircraft Company (now Raytheon Missile Systems Company) employees and their families.

In 1992, we merged with Arizona Transportation Credit Union, which served Union Pacific Railroad employees and more than 400 other Select Employee Groups in Phoenix and Tucson.

In 2001, the National Credit Union Administration approved Hughes FCU to serve the underserved community in Tucson providing membership eligibility to anyone who lives, works, worships or attends school in Tucson.

Hughes Federal Credit Union has seven branch locations in Tucson. We serve more than 51,000 members, from more than 600 employer groups, and have more than $442million in assets. We are strong and stable and are considered one of the finest credit unions in Southern Arizona. Most recently, Hughes received the BauerFinancial's 5-Star Superior rating for safety and soundness.