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Maryland announces deal with SECU, includes new stadium name

September 19th, 2022 by WCBC Radio

Maryland’s football stadium will have a new name next month. The athletic department announced Friday a partnership with SECU, a state-chartered credit union, which includes renaming the venue SECU Stadium starting Oct. 1. It is currently called Capital One Field at Maryland Stadium.

WBAL reports SECU is set to pay Maryland Athletics $11 million guaranteed, including a $2.5 million gift supporting programs and facilities. That includes the construction of a basketball performance center. The partnership is for 10 years.

"SECU is a longstanding stalwart corporate citizen of the state of Maryland and the University of Maryland is thrilled to be partnering with them on a wide-range of initiatives that will benefit not just Maryland Athletics, but our entire campus community," said Darryll J. Pines, President of the University of Maryland.

The school said Capital One and Maryland Athletics mutually agreed to end their current agreement