Tuesday, February 3, 2015

CU Signs Deal for Naming Rights to Minor League Baseball Field

The Washington Post is reporting that Frederick-based Nymeo Credit Union has inked a deal with the Frederick Keys for the naming rights to the city’s minor league baseball field.

The terms of the deal have not been disclosed; but a city-sponsored study in 2013 found that naming rights could bring in as much as $250,000 a year.

The city’s Board of Alderman still must vote to approve the deal.

Is buying the naming rights to a minor league field consistent with the tax exempt purpose of credit unions?

Read the story.

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