During a June 16 press conference, Donna Bland, president/CEO of Golden 1 and Sacramento Kings executive, would not confirm the dollar amount of the deal, according to The Sacramento Bee.

In its prepared statement, the credit union said the naming rights deal represents a momentous new chapter in Sacramento's history with a two-decade partnership that will support the city's economic and cultural renaissance.

"Golden 1 Center demonstrates our continued commitment and investment in the people and future of Sacramento," Bland said in a prepared statement.

But some members who commented on Facebook argued it was a bad decision, a waste of money and an outrageous use of members' funds.

"I find this to be an outrageous use of members' funds," Golden 1 member Suzanne Royal Jumper, wrote. "Please put all (the) spare money into member services including employee training."

La Barker, who has been a member since 1997, wrote she will be looking for a new credit union.

"This is a BAD decision for members," Barker wrote. "CU's are essentially member owned. This is a betrayal of ALL GICU members because it is an extreme waste of scarce resources."

Nevertheless, other members, and some who indicated they were Golden 1 employees, wrote positive comments about the naming rights announcement, describing it as awesome, super nice and cool.

"I'm proud to work and be a member of such a good company," Melinda DeBoer wrote on the credit union's Facebook page.

As part of the naming rights deal, Golden 1 said it plans to open a 4,000-square-foot flagship branch in the arena.

The California cooperative also said the deal would offer its members access to venue tours, fast pass line access at concession stands, advanced ticket purchases and discounts on merchandise and games.