To tap into the local arts scene and cultivate emerging artists, Royal Credit Union said it will donate $1 million to help build a community arts center.

The Confluence Project will include the new center, a private commercial and retail complex, and University of Wisconsin-Eau Claire student housing, according to the $1.3 billion RCU in Eau Claire, Wis.

The project will be located across from the river from the credit union's corporate center in Eau Claire.

The $1 million 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, the credit union said, adding the center's plan is to showcase the vibrant local arts scene, cultivate emerging creative talent and to potentially serve as a catalyst for revitalization in the South Barstow district.

“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” said Doug Olson, RCU's board chairman.

Rudy Pereira, RCU president/CEO, said the credit union is looking forward to playing a key role in the cultural expansion of Eau Claire.

Instant Insights /

Royal Credit Union&rsquo;s $1 Million Gift to Build Community Arts Center

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Royal Credit Union’s $1 Million Gift to Build Community Arts Center