Agreement Supports Student Initiatives, Financial Literacy, Pavilion Improvements
The University of California, Davis, has entered into a new, 10-year partnership with University Credit Union that will result in renaming and updating The Pavilion, funding student initiatives and increasing access to financial services on campus.
Originally prompted by the university’s need to fund deferred maintenance of The Pavilion, the agreement has grown into a broader campuswide partnership with financial services and educational priorities that fit squarely within Aggie community values.
“I’m pleased that we’ve found a financial institution partner who shares our mission of preparing students to meet the challenges of a diverse and changing world,” said Gary S. May, chancellor of UC Davis. “This partnership between UC Davis and University Credit Union will set an example for how such a relationship can grow beyond the naming of a building, with initiatives that will benefit our whole campus.”
Credit union benefits to the Aggie community
In addition to improvements to The Pavilion, the partnership will bring University Credit Union ATMs to the Davis and Sacramento campuses and an advisory center to the Memorial Union for financial services. The California-based credit union provides access to membership benefits to all UC Davis students, employees, alumni and retirees, and will launch a co-branded UC Davis credit card and a UC Davis Athletics debit card in July.
The credit union will provide annual funding for undergraduate and graduate student initiatives, starting with Graduate Student Association travel awards to support student participation in national and international conferences. The Division of Student Affairs will collaborate annually with University Credit Union to identify areas of need for undergraduate funding, and additional opportunities will be identified as the partnership grows.
The partnership will also provide financial literacy and wellness education to employees, students and alumni through partnerships with the Aggie Compass Basic Needs Center, Aggie EVO System and UC Davis WorkLife. Student employment opportunities at the new advisory center will be coordinated with the Internship and Career Center, in alignment with the Aggie Launch initiative focused on career exploration.
Founded by UCLA employees more than 70 years ago, University Credit Union today serves more than 41,000 members and has partnerships with many California universities. The purpose-driven financial cooperative recently became a sponsor of the Big West Conference, which includes many of UC Davis’ intercollegiate teams as members.
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.”
“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!”
Updating and renaming The Pavilion
Home to Aggie Division I teams including men’s and women’s basketball, volleyball and gymnastics, The Pavilion will be renamed University Credit Union Center as of July 1.
One of the first visible improvements already made to The Pavilion is a new Daktronics videoboard, more than 13 feet high and 46 feet wide, showing replays and real-time statistics. The videoboard can also be used for campus events throughout the academic year, in one of the largest on-campus multiuse facilities in Northern California with seating capacity approaching 6,000 for basketball games.
The Pavilion district, as it is now listed on campus maps and signage, will be renamed the U Center district.
Plans call for an official ribbon-cutting ceremony for the renamed University Credit Union Center and the U Center district in the fall, when in-person classes are expected to resume. The University Credit Union agreement will last until at least 2031, with the possibility of future extensions.
This agreement was made possible by the UC Davis Preferred Partnership Program in consultation with multiple campus stakeholders, via UC Davis Athletics’ multimedia rights holder, Learfield IMG College, and its Campus+ team.
About University Credit Union
University Credit Union, a federally insured financial cooperative, was founded in 1951 on UCLA’s campus by faculty and staff. Serving more than 40,000 members, UCU has become a leading credit union in the United States. UCU is guided by a board of directors, comprised only of faculty, staff and alumni of the university community. UCU’s core purpose to give members a financial edge in life, along with the credit union’s promise to advocate, educate and innovate, help position UCU as a financial partner to the university community.
About UC Davis Preferred Partnership Program
The UC Davis Preferred Partnership Program, or UP3, secures and manages campuswide, collaborative strategic partnerships with select business partners that align with UC Davis’ Principles of Community and education mission. Current UC Davis campuswide partners include Pepsi, Peet’s Coffee, Bewley’s North America coffee, MetLife and now University Credit Union.