LOS ANGELES–University Credit Union said it has entered into a 10-year partnership with the University of California, Davis that includes increased funding for student initiatives and upgrades of The Pavilion arena, new financial literacy and wellness programs, increased access to financial services on campus, and availability of UCU membership benefits to all students, alumni and retirees, staff and faculty.
The UC Davis agreement is the credit union's first campuswide partnership with a public university, making University Credit Union the "Official Financial Institution Partner of UC Davis and UC Davis Athletics."
Terms of the deal were not released.
Broader Agreement
The partnership was originally prompted by the university's need to fund deferred maintenance of The Pavilion, the credit union reported, before growing into a broader campuswide partnership with financial services and educational priorities UCU said “fit squarely within Aggie community values.”
"We are excited to serve the Aggie family, as UCU has expanded to serve universities throughout California," said David Tuyo, CEO and President of University Credit Union. "The relationship will provide support to many facets of the UC Davis community and offer employees, alumni, students and retirees a financial edge for years to come. University Credit Union's unbiased, conflict-free advice is a perfect match for UC Davis. Go Ags!"
To represent and celebrate the importance of this partnership, The Pavilion will be renamed to University Credit Union Center on July 1st. UCU will also launch a co-branded UC Davis credit card and a UC Davis athletics debit card in July.
The Components
Other pieces of the partnership include:
- Installation of new 13'x46' Daktronics videoboard and ongoing improvements to the newly named University Credit Union Center (formerly The Pavilion).
- Annual funding for undergraduate and graduate student initiatives, including the Graduate Student Association travel awards to support student participation in national and international conferences.
- Collaboration with the Division of Student Affairs to identify areas of need for undergraduate funding through the duration of the partnership.
- New Financial Literacy and Wellness Education Programs for students, alumni, faculty and staff through partnerships with the Aggie Compass Basic Needs Center, Aggie EVO System, and UC Davis WorkLife.
- Improved access to financial services through an Advisory Center, installation of UCU ATMs on campus, and availability of UCU membership benefits to all students, alumni, staff and retirees, and faculty of UC Davis.
- Student employment opportunities at the new advisory center in coordination with the Internship and Career Center, in alignment with the Aggie Launch initiative focused on career exploration.
The $873-million University Credit Union has more than 42,000 members.