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News Now

CU System
N.C. governor honors CUs 100 years
GREENSBORO, N.C. (6/22/09)--North Carolina Gov. Beverly Perdue earlier this month issued a proclamation honoring the 100th anniversary of credit unions in the U.S. In the proclamation, Perdue notes the long history of credit unions in North Carolina and their impact on citizens in the state, according to the North Carolina Credit Union League (Weekly Update June 18). "Credit unions within and beyond this state have continually and vigorously fought the ever present evil of usury and have championed the idea that people from all walks of life should have access to low-cost consumer loans and other financial services," Perdue wrote. The June 8th proclamation was read during the North Carolina Credit Union League business meeting Wednesday. The proclamation also noted milestones in the state's credit union history, including the founding of the state's first credit union in Lowe's Grove in 1915 and the founding of the league 75 years ago.
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