Record #:

11438

Author(s):

Rhodes, H. M.

Abstract:

The first credit union in the United States began operation in Massachusetts in 1909. Through the efforts of James Sprunt Hill, North Carolina enacted its own credit union law in 1915. Later that year Hill organized the first rural credit union in the South at Lowe's Grove in Durham County. Today there are over sixty institutions spread across the state. Rhodes discusses details of such an organization, its operation, and results accomplished.

Source:

The State (NoCar F 251 S77), Vol. 1 Issue 23, Nov 1933, p19, 24

Subject(s):

Credit unions--History