WEIRTON - Area credit unions will celebrate International Credit Union Day with a banquet at 6:30 p.m. Oct. 27 at the Williams Country Club with the theme "Members Matter Most," celebrating economic and social contributions credit unions make to their communities.
The Tin Mill Employees Federal Credit Union will host, and Hancock School Employees Federal Credit Union will co-host. Ken Watts, West Virginia Credit Union League president and chief executive officer, will be the speaker.
Janet Stagani, Tin Mill Employees Federal Credit Union president, is Chair, and JoAnn Kerr of the Hancock School Employees Federal Credit Union is co-chair.
BANQUET — The International Credit Union Day banquet will be held Oct. 27 at Williams Country Club. Those assisting in the planning are, from left, front, Scott E. Winwood, First Choice America Community Federal Credit Union; Janet Stagani, Tin Mill Employees Federal Credit Union; Johanna Sanders, Hancock School Employees Federal Credit Union; and JoAnn Kerr, Hancock School Employees; and, back, Tom Smarrella, Hancock School Employees; Russell Loar, Strip Steel Community Federal Credit Union; Linda Cattrell, First Choice America; and Susan Mains, Tin Mill. -- Contributed
In the Weirton area, beginning in 1948, credit unions have come together annually on the third Thursday in October to commemorate the credit union's movement's history and achievements. The day is part of the broader International Credit Union Week. The United Nations has designated 2012 as the International Year of Cooperatives.
There are five credit unions in the Northern Panhandle, including First Choice America Community Federal Credit Union, Strip Steel Community Federal Credit Union, Tin Mill Employees Federal Credit Union, Hancock School Employees Federal Credit Union and Eagle Can Employees Federal Credit Union.
"Collectively, these credit unions have 47,681 members and total assets of $416,874,200," said Janet Stagani, Weirton/Wellsburg Chapter of Credit Unions president. "Credit Unions strive to make the world a better place for their members by offering affordable rates and high quality service that simplify their lives and empower them to meet their financial goals.
"Credit unions invest their earnings in helping members meet their financial goals. In addition to lower loan rates and better service, members experience the difference that comes through our democratic structure, service to members and social goals that credit unions embody."
Today, there are 102 member-owned and operated credit unions in West Virginia with assets of $3.1 billion, a record level.
Worldwide, there are more than 51,000 credit unions serving more than 196 million people in 100 countries.
Credit unions are nonprofit financial cooperatives.