Credit union puts name on new arena

$750,000 contribution the largest single donation made by the financial institution

Published on November 29, 2012
The arena in the new Rath Eastlink Community Centre was unveiled Thursday evening in a short ceremony at the Marigold Cultural Centre as the Communty Credit Union Arena. Pictured above from left are: Greg MacArthur, co-chair of the community centre project steering committee, fundraising committee chairman Jon Stanfield and committee member Diane Kelderman; Darrell Kuhn, president and CEO of the Community Credit Union, steering committee co-chair Bob and Charlotte MacVicar, chairwoman of the credit union board of directors. HARRY SULLIVAN TRURO DAILY NEWS

TRURO - Community Credit Union Arena.

That is the name that has been attached to the arena at the new Rath EastLink Community Centre, thanks to a $750,000 donation from the Community Credit Union.

Jon Stanfield, chairman of the facility's fundraising committee, made the announcement Thursday evening during a ceremony at the Marigold Culture Centre.

"As chair of the Unite the Spirit campaign, on behalf of the Municipality of Colchester and the Town of Truro, I am pleased to introduce our new and significant partner, the Community Credit Union to the new Rath EastLink Community Centre," he said.

"The Community Credit Union is made up of community-minded members from throughout the region and it is quite fitting that this locally owned credit union wanted to support our new centre in a significant manner. The community credit union believes their contribution will benefit their community, its members and its company's good will."

The community centre itself was named in a separate ceremony a couple of weeks ago, thanks to a combined $1,250,000 contribution from Truro businessman Stu Rath and EastLink founder John Bragg.

The facility's swimming pool will also be named after another as-yet unveiled sponsor in the near future.

"It's important that this facility creates long-term partnerships like this one that extend beyond the capital campaign to relationship that continually supports endeavours at the centre, or in this case, at the arena level," Stanfield said.

"To date our campaign is in excess of $5 million. So we've done extremely well as we head towards the completion of our campaign and the opening of the centre itself."

Stanfield also spoke of the importance of bringing such supportive local sponsors on board to help with future operational expenses. An example, he said, is that the credit union also intends to become a "key sponsor" in the upcoming the Fred Page Cup Eastern Canadian junior A hockey tournament.

"They put their name on the building, now they are going to support those events that go in it so that's a wonderful thing to hear."

Credit union president and CEO Darrell Kuhn said the decision to support the new civic centre "was very quickly adopted" after a bid for support was made by the fundraising committee.

"We didn't have a problem with this whatsoever," he told the gathering at the Marigold. "We are extremely pleased with this announcement and being a part of this civic centre."

The credit union has 4,500 members from the local area and Kuhn suggested that news of the sponsorship will be well received.

"They will be very pleased to see our sign on this building and we're looking forward to showing them that sign as soon as we possibly can," he said.

Kuhn told the Truro Daily News the contribution is the largest single donation the Community Credit Union has ever made.

Payment of the sponsorship will be spread over 15 years.

An opening date for the arena has yet to be determined.