Nov. 30: Grand Opening Celebration for Credit Union 1 Arena
The University of Illinois at Chicago and Credit Union 1 will celebrate the grand opening of the Credit Union 1 Arena. The two institutions previously announced that the university’s multiuse facility, UIC Pavilion, will be renamed Credit Union 1 Arena, subject to approval of The Board of Trustees of the University of Illinois.
Friday, Nov. 30
University of Illinois at Chicago
Credit Union 1 Arena
525 S. Racine Ave.
(*Complimentary parking available in Harrison Street Parking Structure, 1100 W. Harrison St.)
Michael Amiridis, UIC chancellor
Paul Simons, Credit Union 1 chief executive officer
Todd Gunderson, Credit Union 1 executive vice president/chief operating officer
Darius Newsome, UIC student trustee
Garrett Klassy, UIC director of athletics
Key terms of the agreement in principle will provide for Credit Union 1, an Illinois state-chartered credit union, to enter into a 15-year agreement with the university valued at $9.3 million. Additionally, Credit Union 1 will make a significant contribution of $750,000 toward supporting scholarships at UIC. The agreement is expected to be formally reviewed by The Board of Trustees at its meeting in January 2019.
The 9,500-seat multipurpose arena is located in the heart of UIC’s thriving campus. It is where UIC students both begin and conclude their time on campus as the site of convocation and commencement. The building also hosts athletic events, including boxing, UIC men’s and women’s basketball games, concerts, special events and more.
The partnership will be celebrated, again, on Saturday, Dec. 1, when the Flames host the Loyola Ramblers at 3:12 p.m. CST.
About Credit Union 1
Credit Union 1 is a member-owned, not-for-profit financial cooperative dedicated to exceeding the expectations in our delivery of innovative financial solutions to help people achieve their maximum economic potential. Established in 1958, Credit Union 1’s vision is to be THE financial institution that drives family and community success. Credit Union 1 has over 300 employees and 23 branches concentrated in Illinois, as well as in Indiana, and Nevada serving over 90,000 members. Credit Union 1 focuses on giving back to our members with the belief that a healthy financial community benefits everyone by offering up to 100% LTV Mortgage programs, and promotions featuring cash incentive for auto loans, credit card and home equity products to help our members not only save money but put money in their pocket.
The University of Illinois at Chicago is Chicago’s largest and only public research university located in the heart of one of the world’s greatest cities. With more than 31,000 students and 12,000 employees, the university is an integral part of the educational, technological and cultural fabric of Chicago. UIC is recognized as one of the most ethnically rich and culturally diverse universities in America. With 15 academic colleges in all, including seven health science colleges, UIC prepares professionals in all areas of study and contributes to the economic development of Chicago and the state of Illinois.