EAU CLAIRE, Wis. (9/21/12)--Royal CU (RCU) in Eau Claire, Wis., announced a $1 million donation to help fund the Community Arts Center in Eau Claire; part of the Confluence project that was introduced this past May.
Rudy Pereira, RCU CEO, and Doug Olson, RCU's board chairman made the announcement Wednesday confirming the $1.3 billion asset credit union's commitment at a press conference held at the RCU Corporate Center in downtown Eau Claire.
"At Royal Credit Union we pride ourselves for being good community partners," Olson said. "We actively support youth, education and the betterment of our communities. We know that by giving back we can make a difference in the lives of our members and community."
The Confluence Project, located in Eau Claire across the river from the RCU Corporate Center, is a collaborative effort of public/private partnerships. This partnership will construct a new public Community Arts Center, with a private commercial/retail complex and the University of Wisconsin-Eau Claire student housing at the confluence of the Chippewa and Eau Claire rivers in downtown Eau Claire. It will showcase the local arts scene, cultivate emerging creative talent and could serve as a catalyst for revitalization, RCU said.
"As corporate citizens, we feel our participation in this collaborative project is necessary and are looking forward to playing a key role in the cultural expansion of Eau Claire," Pereira said.
The gift from RCU will be paid over five years and will be used to help build the Community Arts Center, including naming rights of the 450-seat theater.