The event Center Arena, on the campus of San Jose State University to be renamed the Provident Credit Union Event Center. The event Center Arena, on the campus of San Jose State University to be renamed the Provident Credit Union Event Center. (Source: Shutterstock)

Redwood City, Calif.-based Provident Credit Union has announced it will pay $8.1 million for the naming rights to an event center at San Jose State University.

The 30-year-old facility will become the Provident Credit Union Event Center, and money from the deal will go toward improvements, upgrades and renovations, according to the university. The 20-year agreement also includes signage at the event center and on nearby roads. Provident, which has $2.7 billion in assets and about 120,000 members, will offer financial literacy awareness clinics to the campus community as well.

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