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REV to Set Feet in North Carolina With Mergers

Charleston, S.C.-based credit union to acquire two small ones across the border.

Red Thumbtack Over South Carolina State USA Map. 3D rendering Source: Adobe Stock

A Charleston, S.C., credit union announced Thursday it will expand into North Carolina by acquiring two small credit unions.

REV Federal Credit Union ($741.1 million in assets, 51,714 members) said it has received the NCUA’s approval for the mergers involving Riegelwood Federal Credit Union of Riegelwood, N.C., ($101.6 million in assets, 12,333 members) and Hamlet Federal Credit Union of Hamlet, N.C. ($18.2 million in assets, 2,510 members).

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Jim DuPlessis

Jim DuPlessis

A journalist for decades.

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