The $28 billion StateEmployees' Credit Union and the $990 million IslandFederal Credit Union are among the latest to sign naming rightsagreements.

The Raleigh, N.C.-based SECU said it has agreed to pay $1.5million for the naming rights of a plaza at the main entrance ofthe Asheville Art Museum. The funds will go toward the planned $17million museum renovation and expansion project.

Because the city of Asheville, N.C., leases property to themuseum, the naming rights agreement required approval fromAsheville City Council. The agreement was unanimously passed bycity council Wednesday, according to theCitizen-Times, a local newspaper.

Pamela L. Myers, executive director of the Asheville Art Museum,wrote in a letter to Asheville Mayor Esther Manheimer that thefunds will come from the SECU Foundation, which is funded by contributions from SECUmembers to promote local community development in NorthCarolina.

Meanwhile, the Hauppauge, N.Y-based IslandFCU said Tuesday it signed a 10-year $7 million corporateadvertising agreement with Stoney Brook University in Stony Brook,N.Y.

In exchange for the $7 million, the university said it willreceive the title sponsorship of the newly renovated 4,000-seatarena and the school's film festival.

The agreement also calls for developing banking educationprograms through the college of business, support for the new StonyBrook children's hospital and the Long Island State Veteran's Home,according to Stony Brook University's prepared statement.

The agreement will also allow Island FCU to open two branchesand install ATMs on the university's 1,364-acre campus.