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.
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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