"Both organizations are dedicated to the growth and development of the great Chicagoland area, investing in both education and financial services that help make families and communities successfully reach their full economic potential." "What appeals most to Credit Union 1 about a naming rights partnership with UIC is the name recognition that UIC brings to Credit Union 1 for being affiliated with a highly-ranked prestigious university nationally and especially impactful right here in our Chicagoland area," said Simons. "With three branches on campus, Credit Union 1 has daily interaction with the UIC community, not only servicing financial needs, but also participating in and/or sponsoring campus events ranging from Student Involvement Fairs to our UIC Flames athletic partnership," said Simons. "We did not have to look very far for a premier naming rights sponsor because we had a committed organization right here already ingrained in the UIC community."Ĭredit Union 1 has provided financial services for UIC employees, students, retirees and their families for over 20 years. It was imperative that any company we pursued shared our the Chancellor’s vision and priorities and Credit Union 1, and its leadership team, has been operating that way at a high level for decades. "We’re fortunate in that Credit Union 1 has already been a great part to the University, and to athletics, for many years. Garrett Klassy, UIC's Director of Athletics says Credit Union 1 was a natural fit for UIC athletics. If we support the students in taking their first steps into the real world scholastically, professionally and then financially it makes our communities more successful." "He felt the Credit Union 1 scholarship fund naturally fell into our strategic plan to help our membership base grow by helping families and students in the communities grow and reach their economic potential. By helping UIC students realize their potential and achieve their dreams, Credit Union 1 is making a clear statement about the importance of public higher education and the role of UIC in the Chicagoland area."Ĭredit Union 1 President and CEO Paul Simons said the scholarship idea was proposed by his COO Gunderson. "The scholarship component is a critically important aspect of the strengthened partnership between UIC and Credit Union 1. However, Chancellor Amiridis underscored the importance of the scholarship piece of the deal. Asked about the increasing role of corporate naming rights sponsorships in college athletics, UIC Chancellor Michael Amiridis said, "In today’s environment, public universities need to be more entrepreneurial in all aspects of their operation and this means expanding partnerships with the private sector."
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