Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
Movement mourns Tom Hughes
VIENNA, Va. (1/16/09)--Credit unions were mourning the death of Thomas J. Hughes, vice admiral, U.S. Navy (Ret.), and former president/CEO of Navy FCU. Admiral Hughes died Tuesday at Fauquier Hospital in Warrenton, Va., after a short illness. “Admiral Hughes was an admired, respected and highly intelligent leader in the credit union movement,” said Credit Union National Association (CUNA) President/CEO Dan Mica. “His innovative thinking and personal drive helped propel Navy Federal's remarkable growth and success, and his many contributions on the state and national level did the same for the movement at large. He will be long remembered and missed by all of us,” Mica said. During his career over 40 years, Hughes commanded three ships—the destroyer USS John King, the amphibious cargo shp USS Thuban and the oiler USS Chikaskia. He served numerous assignments at the Pentagon, including assistant chief of naval personnel for finance management; director, budget and reports in the Office of the Navy Comptroller; assistant deputy chief of naval operations (manpower, personnel and training); and deputy chief of naval operations (logistics). He became a Navy Federal volunteer official in the early 1970s and served on the board, including several years as chairman. In 1987, he retired from the Navy and became president/CEO of the credit union. He served in that capacity for nearly nine years. Admiral Hughes received the Distinguished Public Service Award from the chief of naval operations recognizing his dedication to men and women in the armed forces. He was passionate about credit union affairs and served with CUNA, as a board member of the National Association of Federal Credit Unions, a member of the Thrift Institutions Advisory Council, a member of the board of the Baltimore branch of the Federal Reserve Bank of Richmond, and advisor to the Visa board. Cutler Dawson, current Navy Federal president/CEO, said, “Tom Hughes’ contributions to Navy Federal as a leader and a visionary built the strong foundation of Navy Federal that members and employees appreciate and enjoy today. He really valued the whole culture of the credit union, and he always had the individual sailor and marine’s best interest at heart. We all miss him.”


News Now LiveWire
About 1 in 5 #CUs offer credit-building loans,@SchenkMike @CUNA vice president of economics and statistics, told @CreditCardsCom
8 hours ago
RT @CUNA: DDoS attacks shorter, intense, more expensive: @VERISIGN HT @newsnowlivewire
9 hours ago
RT @CUNA: .@CUNACouncils launches new website. Offering site tours to current members. Check it out!
9 hours ago
.@Discover to support #ApplePay by fall HT @Forbes
10 hours ago
.@HUDgov requires investors to delay foreclosure for a year and offers a non-profit only pool sale
13 hours ago