For the second time in three years, San Jose State University has sold naming rights to one of its major sports facilities to a credit union.

The university announced today that the 30-year-old Event Center at San Jose State University, which seats 5,000 for Spartans basketball games, will be renamed the Provident Credit Union Event Center.

Provident, based in Redwood Shores with 20 Bay Area branches, bought the naming rights for the next 20 years for $8.1 million, the announcement said. Jim Ernest, an alumnus, is Provident’s president and CEO.

“Maintaining a modern, inviting event center is vital for San Jose State, our students and student-athletes, faculty and staff, the City of San Jose and the entire campus community,” Mary Papazian, university president, in a press release.

The money will be used for improvements and maintenance of the facility, which is also used for other sports and community events. It has been used for concerts, U.S. Olympic team trials and even a sumo wrestling exhibition.

In August 2016, the university announced that Citizens Equity First Credit Union — CEFCU — agreed to pay $8.7 million over 15 years to rename the university’s 30,456-seat football facility CEFCU Stadium. In addition to stadium improvements, those funds were to be used for athletic scholarships and other support for the university’s athletic programs.