Wednesday, December 2, 2015

California Coast CU Forging Sponsorship Deal with City of San Diego

The San Diego Union Tribune is reporting that California Coast Credit Union is forging a deal with the City of San Diego to become a city sponsor.

The deal is valued at approximately $3 million over 5 years and awaits final approval by full city council.

The deal with California Coast would provide $650,000 cash over the next five years plus services for employees and the community with an estimated valued of nearly $2.5 million.

In exchange, California Coast would become the official financial partner of the city, get exclusive rights to market its services to city employees and retirees, and be included in publicity for city-sponsored community programs.

The five-year deal would allow the city or the $1.9 billion credit union to opt out after three years.

Read the story.

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