Suncoast Credit Union (Tampa, FL), the largest credit union in the country with a low-income designation, is pledging $5 million to help construct a $22-$24 million, 3,300-seat arena at Florida SouthWestern State College.
In return, the arena will be named Suncoast Credit Union Arena.
The 75,000-square foot arena is planned to open in October of 2016.
But should a low-income designated credit union be buying the naming rights to an arena?
Read the story.
No they should not be buying the naming rights This is simply an embarrassment on the CU community It's this kind of nonsense that will make people question the tax exemption If this CU can "afford" $5,000,000 they should either pay a tax or at the very least give it back to their members
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