A Colorado credit union is making a sports play to reach more customers and deepen ties

The news: We’ve covered sports sponsorships and stadium naming rights as a marketing strategy, but some financial institutions (FIs) are trying a new variation.

Elevations Credit Union has launched a strategy aimed at deepening relationships with its sports-loving customer base.

It’s entering into name, image, and likeness (NIL) deals with University Colorado (CU) Boulder Athletics, per American Banker, to financially support individual athletes.