Rev Federal Credit Union

Rev Federal Credit Union is a tax-exempt corporate entity registered in SAM.gov, located in Summerville, South Carolina, and operates as a certified Community Development Financial Institution (CDFI). The credit union specializes in providing financial services to underserved communities, with a particular emphasis on supporting Native American populations and areas disproportionately impacted by economic challenges such as the COVID-19 pandemic. As a CDFI, Rev Federal Credit Union focuses on delivering critical financial products, loans, investments, and technical assistance designed to promote economic development and community revitalization.

Through multiple federal grant awards from the U.S. Department of the Treasury's Community Development Financial Institutions Fund, Rev Federal Credit Union has received substantial funding across several targeted programs, including the CDFI Program, Equitable Recovery Program (ERP), Rapid Response Program (RRP), and Native American CDFI Assistance (NACA) Program. These grants, totaling approximately $7.2 million between 2020 and 2024, have enabled the credit union to expand lending capabilities, provide financial services to low- and moderate-income communities, and support borrowers significantly impacted by the pandemic, with a specific focus on minority populations. The grants have supported the organization's capacity building efforts, including technology acquisition, staff development, and infrastructure improvements to enhance its ability to deliver financial products and community economic development services. Each grant has a strategic goal of fostering economic self-determination, creating jobs, building businesses, and providing targeted financial assistance to communities with significant unmet capital or financial service needs.