EVANSVILLE, Ind.—The $4.1-billion Liberty Federal Credit Union here has made a $10-million gift to the University of Southern Indiana (USI), the college announced.
The money was donated to the University of Southern Indiana Foundation for USI Athletics, securing the naming rights to the Screaming Eagles Arena for the next 20 years, USI said.
This $10-million contribution is the largest gift Liberty Federal Credit Union has made to date, the CU said.
The Arena will now be named Liberty Arena, Home of the Screaming Eagles. This gift marks the largest single donation in the history of the university, USI said.
The new name will be displayed on the exterior of the arena and the Liberty FCU logo will be featured prominently on both halves of the arena floor, the university said.
"Liberty Federal Credit Union and the University of Southern Indiana have grown in this community together. In fact, I’ve personally banked with them for the last 35 years," said Steve Bridges, interim president of the University of Southern Indiana. "This generous gift from Liberty will greatly enhance our athletic programs and provide much-needed support as we continue our transition to Division I athletics. Liberty’s commitment will help pave the way for future success and ensure our student-athletes have the resources they need to thrive."
Unrestricted Funds
The funds from the gift are unrestricted, allowing USI Athletics to direct them where they are most needed, USI said. This includes support for student-athlete scholarships, travel, Division I transition requirements and other essential needs.
“Our mission is to support our members and community through education,” said Bill Schirmer, president and CEO of Liberty Federal Credit Union. “As a credit union that was founded by Evansville teachers, our ties to the educational community in this region are strong. Supporting the advancement of USI students and their athletic programs aligns well with our mission of providing value to our members and the communities we serve.”
"When we made the decision to transition to Division I athletics, we knew we had to align with progressive, forward-thinking partners within this community and region,” said Jon Mark Hall, vice president and director of Athletics at USI. “This partnership with Liberty allows us to take our vision and make it a reality. As we move into years three and four of our Division I transition, we are aligning with partners who share our drive for success at the highest level. Liberty and USI Athletics will both continue to be impactful in the community, striving for the highest level of achievements."