UFCU Scores Stadium Naming Rights & Campus Branch in Texas State Deal
As part of a 15-year agreement, Texas State’s Bobcat Stadium will be rebranded as UFCU Stadium this fall.
The credit union that began its journey providing financial services to University of Texas faculty in Austin is now the official credit union of Texas State University and Texas State Athletics in San Marcos, UFCU announced last week.
The UFCU name will soon be highly recognizable to Texas State students and faculty, as the $4.1 billion credit union’s expanded partnership with the public university includes plans to open an on-campus UFCU branch and rename Texas State’s Bobcat Stadium to UFCU Stadium this fall.
The branch will be located in Texas State’s LBJ Student Center. What’s more, the new agreement – set to last 15 years – will provide Texas State’s more than 300,000 students, faculty, staff and alumni access to financial counseling and workshops, UFCU said.
“UFCU has dedicated itself to creating a positive impact in Central Texas and across the state since our inception 88 years ago,” Michael Crowl, president/CEO of the Austin-based UFCU, stated. “The growth and prominence of Texas State University also reflect the difference they are making. Together, we will strengthen our undeniable influence as we help others achieve championship-level success. This innovative collaboration serves as yet another testament to how UFCU is reshaping the region and the state.”
Texas State President Kelly Damphousse added, “Texas State is excited to take our long-time partnership with UFCU to this next level. As Texas institutions, we share a commitment to serve our state and to increase access to opportunity, education and growth. This announcement is just the beginning of a relationship that will benefit our students, our university and the larger community.”
UFCU has contributed nearly $3 million to Texas State since 2013, helping to support the university’s campus groups and initiatives, scholarships and internships, financial workshops and athletic programs, the credit union said.
UFCU also noted that an important element of its expanded partnership with Texas State will be a focus on financial education and workshops for student-athletes.
“We at Texas State are ready to make a statement. We are in the midst of a tremendous run of success that has created unprecedented momentum across campus. To further that momentum, we are excited to expand our partnership with UFCU, which has chosen to invest in both Texas State Athletics and the entire university,” Texas State Athletic Director Don Coryell stated. “We are ready to welcome Bobcat fans to UFCU Stadium and looking forward to UFCU directly supporting our student-athletes through education and resources.”
The news followed a recent announcement of UFCU’s expanded partnership with the University of Texas, as well as a 2022 partnership with Austin Community College that included a $5 million scholarship endowment and the naming rights to a campus event space.