Sustainable Banks, Green Banking

Hughes Federal Credit Union reaches $1 billion in assets

Tucson-based Hughes Federal Credit Union has doubled its assets and membership since the recession seven years ago, after reaching $1 billion in assets and 106,000 members, according to an announcement.

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

Sansbury said there is a national trend among consumers who are choosing local alternatives to national banks, one of the growth factors of the Credit Union.

Hughes Federal Credit Union uses a financial cooperative model, which allows member-owners to enjoy the Credit Union’s services, Sansbury said.

“We remain committed to the high quality products and exceptional service to our members as well as continuing to make a positive difference in our community outreach efforts.Our goal is to positively impact our economy, our members, and more people across Arizona,” he added.

POSTED: . TAGS: , ,

About AZ Business Magazine

Over the past 30 years, AZ Big Media has grown to encompass not just Az Business magazine, but also a whole host of other publications and signature events. Az Business magazine is the state’s leading business publication. Published by AZ Big Media, the magazine covers a wide-range of topics focusing on the Arizona business scene, and is aimed at high-level corporate executives and business owners.