The $1.7 billion California Coast Credit Union in San Diego said it has signed an agreement to purchase the naming rights of an open air theater at San Diego State University.

Though CCCU did not release terms of the naming rights in its news release, the San Diego Union-Tribune, a local newspaper, reported that the credit union has agreed to pay SDSU a total of $3.25 million over the next 10 years, or $325,000 annually.

Starting Jan. 1, 2014, the university's entertainment venue will be named Cal Coast Credit Union Open Air Theatre, according to a CCCU news release.

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