SANTA CLARA, Calif.–NCUA has granted a federal charter and Share Insurance Fund coverage to Haven Federal Credit Union in Santa Clara, California.
Haven FCU is a multiple common bond credit union, with a potential membership of more than 300,000. It serves associational and occupational groups and people who live, work, worship, or attend school in and businesses and other legal entities located in an underserved community in the San Jose-San Francisco-Oakland area Haven will provide a variety of services promoting homeownership and improving financial knowledge among its members, according to the agency.
During the first year of operations, Haven FCU plans to offer its members savings products and lending services that will include:
- Residential mortgages
- Home-equity products
- High-yield share accounts
- Share draft accounts
- Auto loans
‘Significant Achievement’
“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 in a statement. “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’s charter became effective on Dec. 8. It is the third federal credit union chartered in 2025.
