Why Aven Sponsored a New Credit Union

Five years ago, we launched Aven with a mission to reduce the cost of capital for American consumers, and, today, we have taken a big step to drive our mission forward for even more people.

Aven is a major sponsor of the new credit union, Haven Federal Credit Union, and will partner closely with Haven to help them build and scale.

Credit unions are some of the most beloved and trusted organizations in America, and for good reason. As not-for-profit financial institutions, their vision and goal is to play a meaningful role in improving the financial wellbeing of their members and anchoring local communities. Credit unions have long broadened access to capital and wealth by offering some of the highest yields on deposits and some of the lowest rates on loans.

Aven shares Haven’s vision and goals. Aven is proud to support Haven in providing affordable, convenient, and transparent financial products for homeowners and aspiring homeowners in underserved communities nationwide to reduce the costs and barriers to homeownership.

Over the past three years, Aven thought about what a financial institution would look like if it used modern technology to bring speed, transparency, and a “wow” factor to members, while lowering operational costs. Aven worked with homeowners organizations, local leaders in underserved communities, consumers across the country, and experienced credit union leaders to address real community needs together.

The result of this hard work is the creation of Haven, a de novo credit union. Haven is only one of three institutions to earn a federal charter from the National Credit Union Administration in 2025.

Haven is entirely member-owned, independently chartered, and managed by its own board of directors and management team, each with deep credit union and industry expertise. By design and by law, Haven serves its members first.

Haven is committed to tackling hard problems, expanding homeownership, promoting wealth-building in every community, and bringing financial inclusion and trust to underserved communities.