UC Davis partners with University Credit Union to renovate and rename Pavillion
The credit union will offer free membership to students, faculty, staff, alumni and retirees and oversee the addition of two new ATMs on campus.
A new partnership between University Credit Union (UCU) and UC Davis will fund the maintenance of the ARC pavilion on campus and provide students, faculty, staff, alumni and retirees with free UCU membership.
“University Credit Union will provide financial education programs, financial wellness, employment opportunities for students as well as specialized offerings to help students achieve their educational aspirations,” said David Tuyo II, CEO of University Credit Union.
The company intends to support everyone affiliated with UC Davis, according to Tuyo II.
“The vision of the founding body of [UCU] The member-owners had to create a financial alternative to the big for-profit banks that served everyone in the university community, leaving no one marginalized or outside of participating in economic prosperity, ”said Tuyo II. “In 2021, we plan to give back an amount equal to 100% of our net income to the university community and to create value for our member-owners up to 500% of the same amount.”
UCU has hired a former UC Davis member to serve on campus, and they plan to hire additional students and alumni for their counseling center which will be located at Memorial Union (MU).
The university’s choice to partner with UCU was deliberate and due to the credit union’s mission to support universities and give back to the community, according to Heather Hunter, executive director of the University Partnership Program.
“The partnership will initially support graduate student travel grants, student employment opportunities, and student financial education and wellness programs,” said Hunter. “As the partnership evolves, we will work with student affairs to identify additional areas to support student initiatives.
In addition to supporting student groups on campus, UCU will also offer support to individual students.
“University Credit Union will provide free membership to our students, faculty, staff, alumni and retirees,” said Hunter. “Stakeholders on our campus will have access to the great benefits offered by University Credit Union to its members.”
The partnership will allow the credit union to be an accessible financial resource for students.
“The financial decisions that students make now will have an impact for years to come,” said Tuyo II. “University Credit Union will help guide students and provide the knowledge necessary for students to be empowered to make the best and most informed decisions to achieve their goals.”
Students will also benefit from the partnership due to the upcoming renovation of the Pavilion. On July 1, the pavilion will be renamed the University Credit Union Center (UCUC). This name change will be accompanied by updates to the center, including a new video card.
“The new Daktronics video card [is over] 13 feet high and 46 feet wide; [it] will show reruns and stats in real time, ”Tuyo II said. “The video board can also be used for on-campus events throughout the academic year, in one of the largest multi-purpose campus facilities in Northern California, with a seating capacity of nearly 6,000 seats for basketball matches. ”
The Credit Union has a long-standing relationship with the University of California and athletic conferences, including the Big West, in which Davis students compete.
“This partnership will benefit our athletics department as well as the entire campus community,” said Jim Les, head coach of men’s basketball. “Our core values of building champions for future success align perfectly.”
In order to provide accessibility to students, UCU will install two ATMs at UC Davis. Although they are still evaluating a few locations, they should be located in the MU and the new UCUC.
Student affairs will meet with UCU annually to identify areas requiring undergraduate funding, starting in the 2021-2022 academic year, according to Hunter.
“This partnership between UC Davis and University Credit Union will show how such a relationship can develop beyond the designation of a building, with initiatives that will benefit our entire campus,” said Gary May, Chancellor of UC Davis, in a press release.
Written by: Maddie Duley – [email protected]