TUCSON, Ariz. — Hughes Federal Credit Union announced another year of strong growth and success during its 68th annual meeting, which was held virtually through a Zoom webinar with both physical and virtual attendees.
In 2019, Hughes Federal Credit Union reported it experienced record-setting growth in member savings and credit union assets, and grew its community support by 18% through outreach and financial education programs.
Total member savings or deposits equaled $1,254,274,526, an increase of 23.48% and credit union assets totaled $1,394,851,221, an increase of 22.01% over the previous year. Hughes ended 2019 with 131,706 members, a net increase of 4,771.
“We are very pleased to report positive financial performance,” said Robert J. Swick, president/General Manager. “We attribute this success to our personalized service and high quality financial products, as well as our community involvement.”
In other business at the annual meeting, three incumbents were reelected to the 2020 volunteer board of directors for three-year terms, including Richard Miller, Willis Fagg and Chad Marchand.