NORTH BATTLEFORD — An Innovation Credit Union release on July 19 stated that both the North Battleford’s CUplex and Swift Current’s Innovation iPlex will have their names changed to InnovationPlex. The name change is effective immediately.
The credit union has held name rights to the two complexes over the last decade. When the building opened in 2013, the credit union contributed $1.5 million in sponsorship for lifetime naming rights.
The reasoning behind the change? Innovation CEO Daniel Johnson spoke about how the realignment of names for all of Innovation Credit Union’s sponsored facilities is part of a long-term objective to become a federal credit union.
The partnership with North Battleford is one that, according to the release, sees two to four per cent of the pre-tax profits go directly to community development, name rights, sponsorship and scholarship initiatives.
Both the CEO and North Battleford's Mayor Gillan spoke of the importance of the continued relationship between the two sides.
The news comes on the heels of Monday's council meeting, where John Cairns reported that the city plans to celebrate the 10-year anniversary of the Credit Union CUplex, and is looking to continue more major celebrations in the future.
Council approved Monday upwards of $10,000 going towards General Government, which will, in turn, be funnelled to holding that event.
Those who pass by the complex should expect to see an update in facility signage in the coming months.