WEIRTON - Renewing a long-standing October tradition, five area credit unions are planning a dinner-dance Oct. 22 at Williams Country Club in Weirton to commemorate International Credit Union Day.
Theme of banquet, the 51sat for the Weirton-Wellsburg Chapter of the West Virginia Credit Union League, Inc., is "Credit Unions Build a Better World." The event will begin at 6 p.m., with dinner at 6:30 p.m. followed by dancing. Music provided by Chico Ruiz, a disc jockey.
Taking part in this year's event are First Choice America Community FCU, Strip Steel Community FCU, Tin Mill Community FCU, Eagle Can Employees FCU and Hancock School Employees FCU, all members of the Weirton-Wellsburg Chapter.
The credit union idea evolved from the cooperatives of early 19th century Europe, operating on the theory that people could pool their money and make loans to each other. The idea caught on, and in 1927 the credit union league of Massachusetts celebrated the first official holiday honoring credit union members and workers, selecting Jan. 17 because it was the birthday of Benjamin Franklin, who early credit union leaders believed symbolized "the life and teaching embodies in the spirit and purpose of credit unions." Eventually, the U.S. Credit Union National Association decided to set the national observance for the third Thursday of October.
Today, credit unions boast more than 184 million members in 97 countries - including about 93 million members served by 7,600 state and federal credit unions in the U.S. alone.
Janet Sting of Tin Mill FCU is president of the Weirton-Wellsburg Chapter.