ALEXANDRIA, Va. (March 11, 2025) – The National Credit Union Administration has granted a federal charter and Share Insurance Fund coverage to Heritage Hub Federal Credit Union, located in Houston.
“I want to congratulate the organizers for bringing their vision of a cooperative financial services institution to reality,” NCUA Chairman Kyle S. Hauptman said. “Encouraging new charters and streamlining the chartering process have been priorities for me since I joined the NCUA Board. Credit unions have represented financial inclusion for tens of millions of Americans for more than 90 years, and each time we approve a new charter, we are backing the faith people have in themselves to chart their financial futures.”
Heritage Hub will primarily serve people who live, work, worship, or attend school in an 84-census-tract community within Harris County, Texas. Heritage Hub plans to open its doors in mid-2025 and offer members basic savings and lending services to start, including:
- Share accounts
- Share draft accounts
- Auto loans
- Personal loans
Heritage Hub Federal Credit Union’s charter became effective on March 7, 2025. It is the first federal credit union chartered in 2025.