Honigman Advises Haven Federal Credit Union as it Receives a Federal Charter and Share Insurance Fund Coverage from NCUA

Honigman recently represented Haven Federal Credit Union, a new credit union, as the National Credit Union Administration (NCUA) granted it a federal charter and Share Insurance Fund coverage. It will operate as a multiple common bond credit union with the potential to have more than 300,000 members.

Established with the goal of helping its San Jose, San Francisco, and Oakland area members obtain homeownership, Haven Federal Credit Union will partner with local organizations to help its members gain access to the resources and skills they need to own a home. It will also offer its members services such as auto loans, high-yield share accounts, home-equity products, residential mortgages, and share draft accounts.

Haven Federal Credit Union is the third federal credit union that has been chartered this year.

A Honigman team of Partners Brandy Bruyere and Michael M. Bell advised Haven Federal Credit Union on the matter.

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