PENSACOLA, Fla. – Pen Air FCU has made a $1-million gift to the University of West Florida, which will give it naming rights to the UWF football stadium, which will now be known as Pen Air Federal Credit Union Field.
The donation is the most recent development in a long-standing relationship between the University and Pen Air. Previously, Pen Air has shown its support by partnering with the alumni association, the College of Business and UWF Athletics. The credit union is also currently the presenting sponsor of the annual Alumni Scholarship Classic golf tournament, and it provides the official UWF credit card for alumni and friends of the University. Each time the UWF card is swiped, the UWF alumni association receives a benefit that funds a grant program.
"For 80 years Pen Air has been giving back locally throughout the communities we serve,” said Stu Ramsey, president and CEO of Pen Air. “We understand and value the importance of connecting with our community by keeping it strong and healthy. Supporting programs like UWF Athletics, the Alumni Association, Financial Education Boot Camps, and now Pen Air Field are some of the many ways we connect and support our vibrant and growing local University and community. The football program has been a dream for many years and we are proud to be a part of it."
Since Fall 2014, Pen Air has also hosted the Financial Literacy Boot Camp in partnership with the University. Held each fall and spring semester, the Boot Camp hosts financial professionals as guest lecturers who present topics such as personal financial planning, planning for retirement, the advantages of tax-deferred savings and 401-k plans and more, to prepare students with the essential financial literacy they require prior to accepting their first professional position after graduation. Starting this fall, the Boot Camp will be open to the entire campus.
While the $1-million gift will directly support UWF football, this isn’t the first time Pen Air has helped UWF foster school spirit through athletics. The credit union also serves as the presenting sponsor of the annual Athletic Hall of Fame Banquet as well as a title sponsor for the Argo Armada Student Rewards Program, which rewards students for the number of sports events they attend.