- About Us
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.
Hughes Federal Credit Union was formed in 1952 in Tucson, Arizona to serve 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 Federal Credit Union to serve the underserved community in Tucson providing membership eligibility to anyone who lives, works, worships or attends school in Tucson.
Today, Hughes Federal Credit Union serves more than 132,000 members and has more than $1.4 billion in assets.
Committed to the National Credit Union philosophy of “People Helping People” and “Not for Profit, Not for Charity, But for Service,” Hughes always strives to connect the right products and services to each member, focusing on their best interest not ours.
Credit unions are different than banks – we exist to serve our members. Instead of paying stockholders, we return our profits to members through higher savings rates, lower loan rates, interest-earning checking, and fewer and lower fees.
As a federal credit union, we are insured by the National Credit Union Administration (NCUA), a federal government agency. Your savings are insured up to $250,000 by the NCUA. IRAs are insured separately up to $250,000.
The National Credit Union Share Insurance Fund (NCUSIF) is administered by the NCUA for the purpose of providing deposit insurance to protect deposits of credit union members at insured institutions in the United States.
Hughes ranked among the top two out of two years on Forbes’ Best-In-State Banks and Credit Unions list.
Hughes is the most recommended and highest rated Arizona credit union on Facebook.
Hughes has been rated as a Five-Star "Superior" financial institution by BauerFinancial since 1991.
The 2019 Annual Report is available online. Past years' reports can be downloaded below: