Hughes Federal Credit Union hits milestone

Locally-owned and managed Hughes Federal Credit Union surpassed $1 billion in total assets and 106,000 members.

“This is a major milestone for Hughes,” said John Sansbury, chairman of the board. “We’ve doubled both our assets and our membership since the recession seven years ago.

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“To put our growth in perspective, the Credit Union’s assets grew 20 percent in 2016 or one-fifth our size in one year,” he said.

Established in Tucson in 1952, Hughes Federal Credit Union is a locally owned financial cooperative rated 5-Star Superior by BauerFinancial Institution.