SAN JOSE, Calif.–Provident Credit Union said it has reached an $8.1-million, 20-year deal with San Jose State University to rename The Event Center at SJSU the Provident Credit Union Event Center.
The California State University Board of Trustees has approved the venue renaming and broader agreement.
Funds from the annual payments will be used to make improvements, upgrades, renovations and for ongoing maintenance to the Event Center, a 30-year-old facility managed by Student Union, Inc., a student auxiliary, according to a statement. The building is a prominent feature of the campus and is visited by students, faculty and staff members during such events as Commencement, Honors Convocation and Spartan Athletics contests.
The organizations said the university and greater Bay Area community visit the center regularly when it is rented by outside promoters for concerts, comedy shows and a variety of other entertainment events.
70-Year Relationship
“Provident Credit Union looks forward to supporting and serving the staff, students, and alumni of San Jose State University with financial services. The credit union has had a 70-year relationship with not only educators in Northern California but all communities in the five Bay Area counties,” said PCU President and CEO Jim Ernest. “As an alumnus, I am very proud that Provident has been given the opportunity to provide the San Jose State University community with our exceptional products, outstanding services and comprehensive financial education. We are very excited about this partnership and eager to get started.”
The agreement includes signage at the facility and on nearby roadways, the opportunity to sponsor or participate in university events, and the opportunity to provide the campus with financial literacy awareness clinics.
San Jose State has more than 32,000 students. The $2.7-billion Provident Credit Union, based in Redwood City, has more than 120,000 members.