SECU buys naming rights to University of Maryland football stadium for $11M

The State Employees’ Credit Union of Maryland is putting its name on the University of Maryland football stadium in a 10-year, $11 million deal that could net the athletics department an estimated $300,000 to $400,000 each year in additional revenue. SECU, the state’s largest credit union with more than $5 billion in assets, will pay Maryland Athletics a guaranteed $11 million for the naming rights to the Big Ten stadium, home of the Maryland Terrapins. The SECU Stadium name will be unveiled on Oct. 1 when the Terps take on Michigan State in the Terps’ home opener in College Park. SECU already has its name on SECU Arena, the home of the Towson Tigers basketball team. That $4.75 million deal, forged in 2013, ends in one year.