Why Choose Hughes Federal Credit Union Instead of a Bank?

Guided by Values. Grounded in You.

A credit union is different from a bank—and that difference can directly benefit your finances.

At Hughes, we’re a member-owned, not-for-profit financial institution. That means we exist for one reason: to help you improve your financial life—not to generate profits for shareholders.

What Is a Credit Union?

A credit union is a not-for-profit financial cooperative owned by its members. When you join, you’re not just a customer, you’re a member-owner.

Key difference:

  • Banks are owned by shareholders and focus on profits
  • Credit unions are owned by members and focus on people

How a Credit Union Benefits You

1. Lower Fees & Better Rates

Because we’re not driven by profits, earnings are returned to you through:

  • Lower loan rates
  • Higher dividends on savings
  • Fewer and lower fees

2. Member Ownership (Not Corporate Ownership)

Every member has an equal say:

  • One member = one vote
  • Volunteer board of directors
  • Decisions made in members' best interest

3. Community-Focused, Not Profit-Focused

We reinvest in:

  • Local communities
  • Financial education
  • Programs that support financial wellness

Our mission is simple: make a positive difference in each member's financial life.

Do Credit Unions Pay Taxes?

Yes—credit unions pay payroll, property, and sales taxes.

They are exempt from federal income tax because they are not-for-profit, member-owned cooperatives designed to serve people rather than generate profit. This structure allows us to return more value directly to our members.

Who Can Join Hughes Federal Credit Union?

Membership is open if you:

  • Live, work, worship, or attend school in Tucson
  • Work for a selected employee group
  • Have a family member who is a member
  • Or qualify through a community affiliation

Why We Exist

We're here to do more than process transactions.

We exist to:

  • Build relationships
  • Strengthen our community
  • Help you achieve financial wellness

That's the credit union difference, and it can make all the difference for your financial future.

Become a Member

Join a credit union that puts you first.

Open an account online or visit a branch to get started.

Become a Member

Membership at Hughes Federal Credit Union is open to anyone that lives, works, worships or attends school in Tucson, or through other affiliations you may have. Open an account online or visit one of our convenient branches.

Open an Account


About Hughes Federal Credit Union

Hughes is committed to making a positive difference in each member's financial life. We take our members further by offering an exceptional service experience, which includes low-cost products and services, such as one low rate on loans, higher dividends on savings, convenient online and mobile services, and more.

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Board of Directors & Supervisory Committee

Board members volunteer to serve a three-year term and play an active role in governing the credit union at a higher level. The Supervisory Committee plays a pivotal role in ensuring operational transparency, rigorous compliance with regulations, and a focus on member feedback.

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