TODAY'S PAPER
80° Good Morning
80° Good Morning
Business

Suffolk Federal Credit Union buys college stadium naming rights 

A proposed rendering for Suffolk Federal Credit Union's

A proposed rendering for Suffolk Federal Credit Union's purchase of naming rights. Photo Credit: Suffolk Federal Credit Union

Suffolk Federal Credit Union has acquired the naming rights to Suffolk County Community College’s Health, Sports & Education Center in Brentwood as part of a partnership between the two organizations that includes a $1.79 million gift to the school’s foundation.

The agreement will provide Suffolk Federal Credit Union with a collegewide naming presence for a minimum of seven years. The credit union also has an option to extend the agreement to 10 years, which would bring the anticipated value of the partnership to more than $2.5 million.  

This amount includes annual scholarships offered to high school or other students entering Suffolk County Community College.

“It’s outside the parameters of what we usually do, but as a credit union based in Suffolk County, supporting a school that primarily serves students from Suffolk County is a very good fit for us,” said Ralph D. Spencer, president and chief executive at Medford-based Suffolk Federal.

The sports and education center will now become known as the Suffolk Federal Credit Union Arena. The 60,000-square-foot facility has three multipurpose courts, running tracks, an eight-lane swimming pool and a fitness center.

Suffolk Federal also presented six high school seniors who will attend Suffolk County Community College this fall with $30,000 in scholarships.

The two-year college has more than 27,000 students.

Suffolk Federal Credit Union operates 10 branches and has about 60,000 members.

Comments

We're revamping our Comments section. Learn more and share your input.

More news