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“Bite-Size Bits of Local, National, and Global History”
“Bite-Size Bits of Local, National, and Global History”
Durham in Durham County, North Carolina — The American South (South Atlantic)
 

Rural Credit Union

 
 
Rural Credit Union Marker image. Click for full size.
By PaulwC3, January 12, 2014
1. Rural Credit Union Marker
Inscription. Lowes Grove credit union, first in South, formed to serve local farmers. Est. Dec. 9, 1915, on initiative of John Sprunt Hill
 
Erected 1999 by North Carolina Division of Archives and History. (Marker Number G-114.)
 
Location. 35° 54.049′ N, 78° 53.277′ W. Marker is in Durham, North Carolina, in Durham County. Marker is on State Highway 54 0.1 miles east of South Alston Avenue (State Highway 1945), on the right when traveling west. Click for map. Marker is at or near this postal address: 2421 E. NC Highway. 54, Durham NC 27713, United States of America.
 
Other nearby markers. At least 8 other markers are within 7 miles of this marker, measured as the crow flies. Brassfield Station (approx. 3.1 miles away); O'Kelly Chapel Christian Church (approx. 4 miles away); John Merrick (approx. 4.2 miles away); North Carolina Central University (approx. 5.2 miles away); James E. Shepard (approx. 5.4 miles away); Bull City Blues (approx. 5.7 miles away); Last Shots (approx. 5.9 miles away); John Sprunt Hill (approx. 6.3 miles away). Click for a list of all markers in Durham.
 
Related marker. Click here for another marker that is related to this marker. To better understand the relationship, study the marker shown.
 
Also see . . .
Wide view of the Rural Credit Union Marker image. Click for full size.
By PaulwC3, January 12, 2014
2. Wide view of the Rural Credit Union Marker

1. Credit Union National Association: Archive Alamanac Rural Credit in North Carolina. For the farmer who needed credit in the rural South in the early years of this century, the alternatives were dismal. Few banks would even consider making agricultural loans, and those who did charged extremely high interest rates. Rural credit was fertile ground for the loan sharks, and year after year, farmers turned over their crops to help pay exorbitant interest charges on loans made to keep their farms operating. (Submitted on January 19, 2014, by PaulwC3 of Northern, Virginia.) 

2. Reuters: SECU Returns Back to Original NC Credit Union Roots w/ New Durham Lowe`s Grove Branch Site. In conjunction with this milestone, the cooperative is celebrating with a ribbon cutting at SECU’s new Lowe’s Grove branch, built on the site of the first rural credit union in North Carolina. (Submitted on January 19, 2014, by PaulwC3 of Northern, Virginia.) 
 
Categories. AgricultureLabor Unions
 
 
Credits. This page originally submitted on , by PaulwC3 of Northern, Virginia. This page has been viewed 381 times since then and 23 times this year. Photos:   1, 2. submitted on , by PaulwC3 of Northern, Virginia. This page was last revised on June 16, 2016.
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