The interior of the Ted will now be named Chartway Arena in recognition of the $4.25 million agreement.
By Caitlin B. Chandler
Â鶹´«Ã½ and Chartway Federal Credit Union have signed a 10-year branding and sponsorship agreement for the 8,400-seat arena in the Ted Constant Convocation Center complex.
The interior of the Ted will now be named Chartway Arena in recognition of the $4.25 million agreement. Chartway will also become the official credit union of Â鶹´«Ã½ Athletics.
The agreement also establishes the Chartway-Constant Athletic Scholarship Fund. The fund will award a total of $25,000 in scholarships annually to student-athletes. The fund will continue each year throughout the contract.
"I am pleased to expand on our 15-year partnership with Chartway Federal Credit Union," Old Dominion President John R. Broderick said. "Their investment in Â鶹´«Ã½ and Â鶹´«Ã½ athletics directly reflects their commitment to enhancing the lives of students and the entire Hampton Roads community."
"We are thrilled to partner with Â鶹´«Ã½ and build upon our legacy to continue to support education and the broader local community," said Chartway Credit Union President and CEO Brian Schools. "We're proud to be expanding our relationship with the largest university in the Hampton Roads area, which demonstrates our credit union commitment to strengthen the communities in which we serve."
Alonzo Brandon, vice president for university advancement, noted that the scholarships are named for the Constant family and Chartway, both of whom are longtime partners and friends of Old Dominion and beneficiaries to Old Dominion students. "The new agreement with Chartway wouldn't have been possible without the support of the Constant family," he said.
Chartway Arena will continue to be home to Old Dominion men's and women's basketball games and wrestling matches. The arena will also host career fairs, Â鶹´«Ã½ graduation ceremonies, family-oriented events and concerts. This year, Chartway Arena will feature acts such as international superstar and Grammy winner Lionel Richie and Grammy-nominated comedian Larry the Cable Guy.
Chartway will also host its We Promise Foundation gala at Chartway Arena in October. Since 1999, the credit union and its We Promise Foundation have raised more than $10.5 million to provide life-changing experiences to children facing medical hardship or illness.
In addition to giving back to the community through the scholarship fund, Chartway will offer its members ticket discounts, early-event purchase opportunities, giveaways and more.
OUTFRONT Sports, a division of OUTFRONT Media Inc., facilitated the agreement between Chartway Federal Credit Union and Â鶹´«Ã½.
About Â鶹´«Ã½
Â鶹´«Ã½, located in the coastal city of Norfolk, is Virginia's entrepreneurial-minded doctoral research university with more than 24,000 students, rigorous academics, an energetic residential community, and initiatives that contribute $2.6 billion annually to Virginia's economy.
About Chartway Federal Credit Union
Chartway Federal Credit Union, a not-for-profit financial institution, has been proudly serving members for more than half a century. Guided by its vision, mission and values, the nearly $2.2 billion credit union is dedicated to making life more affordable for its 185,000 members through more than 35 branches and a full slate of online, mobile and telephone banking services, including mobile deposit, mobile bill pay and digital wallets. As one of the largest credit unions in the country - with membership concentrations in Virginia, Utah and Texas - Chartway is consistently recognized for its financial strength, its ability to make life affordable for its members and its philanthropic efforts through its charitable arm, the We Promise Foundation, which has raised more than $10.5 million to provide life-changing experiences that bring joy, hope and smiles.
