UCF has extended its naming rights partnership with Addition Financial Credit Union for an additional dozen years—in the process continuing to identify Addition Financial Arena on the UCF campus as the Knights' home for men's and women's basketball games and a variety of other events.
The new agreement is a 12-year, $20 million partnership that follows up the original naming rights pact signed by UCF and Additional Financial in 2013. The new deal takes effect Jan. 1, 2023.
The UCF Board of Trustees approved the name at its meeting this morning, and the full deal is expected to be approved Aug. 25 by the UCF Athletics Association.
"We've had a partnership with Addition Financial for nearly a decade, and we're excited that Kevin Miller and the Addition Financial Board have agreed to extend our relationship for an additional 12 years," says UCF vice president and athletics director Terry Mohajir. "This is a great new venture with outstanding community partners.
"Resources will be paramount as we transition into the Big 12 Conference a year from now, and Addition Financial will play a key role for us as we invest more resources to enhance our education and athletics missions!"
In 2013, Addition Financial was named the Official Financial Institution of the UCF Knights and is the exclusive credit union for UCF Athletics. Since that time, Addition Financial has partnered with UCF Athletics to provide scholarships, financial education workshops and other sponsorship support. Addition Financial is also the home of the official UCF Knights debit cards, with designs featuring the new Knight head and the Citronaut.
"Addition Financial is proud to continue our longstanding partnership with UCF Athletics and to align with Orlando's hometown teams. Knight Nation has truly inspired us along their journey to the Big 12, and we look forward to embarking on that journey alongside them as we extend our partnership," said Kevin Miller, Addition Financial president and CEO.
The 10,000-seat Addition Financial Arena has been home to the UCF men's and women's basketball programs since the start of their 2007-08 seasons. Located in the heart of Knights Plaza on the north side of campus, the state-of-the-art facility opened in the fall of 2007 and also hosts premiere concerts along with UCF commencement ceremonies.
About Addition Financial:
Addition Financial believes in the power of transforming lives by bringing financial success and education to everyone. With a robust suite of financial services designed to meet members' needs, the credit union serves more than 162,000 members at 26 full-service branches and 10 high school branches and is a part of the Presto! ATM network. Headquartered in Lake Mary, Florida, Addition Financial is a not-for-profit financial cooperative with $2.6 billion in total assets. With a legacy of 85 years of serving educators and supporting education, Addition Financial is the Official Financial Institution of the UCF Knights and owns the naming rights to the Addition Financial Arena on the UCF campus. Addition Financial is also the Preferred Credit Union for Seminole State College and the Preferred Credit Union for Valencia College. For more information, visit AdditionFi.com.
Original source can be found here.
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