The National Credit Union Administration (NCUA) has approved the federal charter and Share Insurance Fund coverage for Haven Federal Credit Union, based in Santa Clara, California. The new credit union aims to promote homeownership and financial literacy, particularly within underserved communities in the San Jose-San Francisco-Oakland area.
“Chartering a new credit union is a significant achievement. A new credit union means new opportunities, particularly in underserved communities,” NCUA Chairman Kyle S. Hauptman said. “Haven Federal Credit Union has set a goal of helping members with a fundamental need: homeownership. They plan partnerships with local organizations to provide members with financial literacy tools to help them realize their financial goals, including owning their own home. I applaud the organizers’ hard work and innovative thinking that resulted in their federal charter.”
Haven Federal Credit Union is organized as a multiple common bond institution and could serve more than 300,000 potential members from associational and occupational groups as well as individuals who live, work, worship, or attend school in its designated community. Businesses and other legal entities located within this area are also eligible for membership.
In its first year of operation, Haven plans to offer savings products and lending services such as residential mortgages, home-equity products, high-yield share accounts, share draft accounts, and auto loans.
The charter for Haven Federal Credit Union became effective on December 8, 2025. It is the third federal credit union established by the NCUA during 2025.
The NCUA is an independent agency created by Congress to regulate and supervise federal credit unions across the United States. The agency manages the National Credit Union Share Insurance Fund which insures deposits for over 143 million account holders at both federal credit unions and most state-chartered credit unions.
