Tuesday, November 20, 2018

Credit Union 1 Buys Naming Rights to University Pavilion

Credit Union 1 (Rantoul, IL) bought the naming rights to the pavilion at the University of Illinois at Chicago (UIC).

According to the agreement, Credit Union 1 will pay the university $9.3 million over 15 years for the naming rights to the arena.

The $838 million credit union will also provide $750,000 to support scholarships for students attending UIC.

The arena will be renamed Credit Union 1 Arena.

The agreement needs to be approved by The Board of Trustees of the University of Illinois, which is expected to occur during its January 2019 meeting.

Credit Union 1 is a privately insured credit union operating in Illinois, Indiana, and Nevada.

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