REV Federal Credit Union is headquartered in Summerville and is the 9th largest credit union in the state of South Carolina. It is also the 408th largest credit union in the nation. It was established in 1955 and as of June of 2023, it had grown to 233 employees and 68,373 members at 20 locations. REV Federal Credit Union's CD rates are 6X the national average, and it has a B health rating.
Field of Membership Restrictions
REV Federal Credit Union is open to anyone through a membership in the American Consumer Council or the Friend of the Foundation. Those who live, work, worship, volunteer, or attend school in the North Carolina counties of Brunswick or Columbus, or the South Carolina counties of Berkeley, Colleton, or Dorchester also qualify for membership. Active/retired members or honorably discharged veterans of the U.S. Armed Forces of Joint Base Charleston are eligible to join, as are their dependents or dependent survivors. Immediate family and house members of current REV members also qualify. (Membership eligibility listed on the online application.)
See current membership details
Heritage Trust Federal Credit Union
I have been a customer of Heritage Trust Federal Credit Union since 1989. I love this bank because of its customer service and attention to detail, making me feel like a trusted friend than just a customer. I have a checking account, a savings account, and a secondary savings account that I use for special projects, such as vacations, large purchases, or Christmas. The checking account plan that I have guarantees me overdraft protection because, if for some reason, my account is overdrawn, the bank will transfer funds from my saving account into my checking account. The bank will do this at no charge, as long as I only have three such instances in a specific time period and my savings account has higher than the minimum balance. The bank has a program for younger customers; I have enrolled both of my sons in an early banking program. They both have savings accounts that earn a small interest rate, but allows them to become savers for things in their future. I love my bank!
Customer Service
Heritage Trust Federal Credit Union has been my bank for over 23 years. It is small enough for personal recognition with the staff but big enough to offer the same things as a big time bank. I can always go in and dispute a fee and the customer service will always be polite and kind even if I do not get what I want. Now their fees are outrageous and for things like statements and bad transfer etc. things I am not sure i know what it means but it can be found on my statement. I am please with HT and do not plan on changing any time soon.
Data as of Q2 2023
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 9986 |
| Year Chartered | 1955 |
| Employees | 233 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.6% |
| Return on Equity - YTD | 7.28% |
| Annual Interest Income | $24.2MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2023vs Q2 2022 | $1.07B$986.3MM |
| Loans | Q2 2023vs Q2 2022 | $948.3MM$877.5MM |
| Deposits | Q2 2023vs Q2 2022 | $865.5MM$818.4MM |
| Equity Capital | Q2 2023vs Q2 2022 | $90.1MM$92.2MM |
| Loan Loss Allowance | Q2 2023vs Q2 2022 | $0$4.6MM |
| Unbacked Noncurrent Loans | Q2 2023vs Q2 2022 | $5.3MM$3.1MM |
| Real Estate Owned | Q2 2023vs Q2 2022 | $0$0 |
