Happy 70th Birthday Hughes Federal Credit Union | Recommended

Thank you for supporting the Northwest Tucson community.

On January 28, 1952, the Hughes Aircraft Employees Federal Credit Union opened its doors dedicated to the philosophy of “people helping others.”

Now known as Federal Hughes Credit Unionthe Caisse populaire remains today what it was then, a financial cooperative owned and operated by its members, which exists only for the benefit of its members/owners.

Early on, attendees at the first annual meeting in 1952 recognized that a credit union could better meet the specific financial needs of Hughes Aircraft Company employees, as opposed to a for-profit bank. Hughes offered employees the opportunity to become member-owners with profit sharing, which directly correlated to lower loan rates, higher savings rates, and lower fees.

In 2001, Hughes received a charter to serve low-income and underserved communities, allowing Hughes to further expand its mission, making a positive difference in the financial lives of many other southern Arizonans.

In good times and bad, Hughes quickly adapted to help his members. For example, Hughes has guided its members through rocky economic conditions, including the ongoing pandemic and the recent period of rising costs.

True to its philosophy of putting people before profits, Hughes works closely with its members to help them maintain financial stability.

For example, in 2021, Hughes suspended foreclosures and foreclosures during the pandemic, offered loan modifications, increased contact center staff, created a special loan call center, promoted financial literacy and the online wellness at local schools and continued to support the local community with donations. and sponsorships.

Today, credit union membership is open to anyone who lives, works, worships, or goes to school in Tucson. Others interested in becoming members can also join approved select employer groups or by making a small donation to one of Hughes’ special community groups like “Friends of the Library” in southern Arizona, which serves educators and residents of all ages.

Additionally, to stay true to its founding principles, Hughes remains committed to the financial well-being of its members by offering a wide variety of products and services to help them achieve their financial goals. Whether it’s buying a new home or saving up to send a child to college, Hughes is committed to helping members of his community get the most out of their hard-earned money. Visit HughesFCU.org for more information.

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