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New Historical Marker Honors Nation’s First Black Credit Union

Summary by caro.news
ROWAN COUNTY, NC – State officials yesterday unveiled a new highway marker in Rowan County to honor Piedmont Credit Union, the first African American credit union established in the United States. Founded in Rowan County in 1918 by local farmer Thomas B. Patterson and a handful of neighbors, Piedmont Credit Union gave Black farmers fair access to credit in an era defined by Jim Crow laws and economic exploitation. For example, Piedmont Credit Un…
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caro.news broke the news in Raleigh, United States on Monday, April 27, 2026.
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