Wednesday, July 31, 2013

Maryland CU Pays $4.75 Million for Arena Naming Rights

The Baltimore Sun is reporting that Linthicum-based State Employees Credit Union (SECU) will pay $4.75 million over the next 10 years to have Towson University's new basketball facility called SECU Arena.

The deal includes the use of one of the arena's two large corporate suites, which will be used to woo potential customers and reward employees, and access to multipurpose rooms in the $70 million, 5,200-seat arena.

SECU is the largest state-chartered credit union in Maryland, with $2.6 billion in assets.

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