charleston sc, July 27, 2025
News Summary
REV Federal Credit Union, initially established as the Charleston Air Base Federal Credit Union in 1955, is marking its significant milestone of 70 years in 2025. With a mission focused on community growth, REV offers various programs to promote financial literacy, including the REV on Campus initiative for high school students. Additionally, it supports community involvement through the #UpTheGood Foundation, aiming for substantial volunteer hours by 2030. REV enhances financial accessibility with tailored mortgage solutions for first-time homebuyers and community heroes.
Charleston, SC – REV Federal Credit Union is commemorating a significant milestone as it prepares to celebrate its 70th anniversary in 2025. Originally founded in 1955 as the Charleston Air Base Federal Credit Union, REV has established itself as a vital financial institution serving military families, local community members, and a variety of organizations throughout the Carolinas.
With a mission of “Growth with Purpose,” REV focuses on providing an array of financial services that not only assist its members but also contribute positively to the community. The credit union is dedicated to empowering individuals through financial literacy and community involvement, driving significant impact in the areas where its members live and work.
One of REV’s flagship initiatives, the REV on Campus program, aims to equip high school students with essential work readiness skills and financial literacy. This program operates in three high schools: R.B. Stall, Philip Simmons, and Cane Bay High Schools. Students involved in this program have the opportunity to engage in job shadowing and participate in hands-on workshops, allowing them to gain valuable real-world experience that prepares them for successful futures.
In addition to supporting youth education, REV also offers the #adulting program, which helps individuals of all ages master their finances. This initiative addresses various financial complexities such as home buying and managing personal debt, providing guidance and resources for a wide demographic.
Under the leadership of its President and CEO, the credit union aims to create a meaningful, long-term impact on both members and the broader community. A notable feature of this outreach is the #UpTheGood Foundation, which motivates REV employees to volunteer their time. The foundation has set an ambitious goal of achieving 30,000 volunteer hours by 2030, offering team members eight hours of volunteer time off per year to participate in community service activities.
Since its establishment in 2020, the #UpTheGood Foundation has raised over $632,000 and supported more than 148 nonprofits across the region. The credit union hosts an annual “REV Day for Good,” collaborating with local organizations such as the Lowcountry Food Bank and United Way Backpack Pals to facilitate community outreach and support.
Along with its community-focused initiatives, REV is committed to enhancing financial accessibility for first-time homebuyers and community heroes. The new mortgage solutions offered by REV provide low down payments and eliminate the need for private mortgage insurance, addressing barriers that many potential homeowners face.
Customization is a key aspect of REV’s service offerings, as they strive to provide tailored financial products to meet the specific needs of their members. By fostering a culture of giving back and community engagement, REV Federal Credit Union aims to empower its clients while inspiring resilience and sustainability across the Carolinas.
FAQ
What is REV Federal Credit Union?
REV Federal Credit Union is a financial institution established in 1955, focused on serving military families, local communities, and organizations in the Carolinas.
What are the key initiatives of REV Federal Credit Union?
Key initiatives include the REV on Campus program for high school financial literacy, the #adulting program for personal finance management, and the #UpTheGood Foundation supporting community volunteering.
How does REV support the community?
REV supports the community through its volunteer programs, financial contributions to nonprofits, and partnerships with local organizations for outreach events like REV Day for Good.
What financial solutions does REV offer for homebuyers?
REV provides tailored mortgage solutions for first-time homebuyers and community heroes, featuring competitive rates, low down payments, and no private mortgage insurance requirements.
Key Features Overview
| Feature | Details |
|---|---|
| Founded | 1955 as Charleston Air Base Federal Credit Union |
| Mission | Growth with Purpose |
| REV on Campus Program | High school financial literacy and job readiness |
| #adulting Program | Financial management for individuals of all ages |
| #UpTheGood Foundation | Promotes volunteering and community service |
| Mortgage Solutions | Low down payments, no private mortgage insurance for first-time buyers |
| Community Impact | Supports over 148 nonprofits with $632k raised since 2020 |
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Additional Resources
- Charleston Business: Credit Union to Enter Charleston Market
- Wikipedia: Credit Union
- Post and Courier: South Carolina Federal Credit Union Updates
- Google Search: Financial Literacy Programs
- Greenville Business Magazine: Self-Help Credit Union Expansion
- Encyclopedia Britannica: Financial Literacy
- Forbes: Best in State Credit Unions
- Google News: Credit Union Expansion
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