Premier prides itself on being active supporters of the community, as evidenced by the numerous charitable organizations the credit union chooses to support. One of those organizations is the Tiny Tim Center, which has a developmental preschool, a transitional kindergarten and outreach programs in Longmont.
On March 7, the Tiny Tim Center held their 26th annual fundraising auction, which benefits the center. The theme for this year’s auction was a Tiny Tim Rocks, and more than 300 guests were treated to a buffet dinner, more than 300 items in the silent auction and more than 20 items in the live auction.
For several years, Premier Members has supported the Tiny Tim Center through sponsorships and donations. In recent years, Premier has donated mortgages to the spring fundraising event.
This year, Premier donated a 30-year fixed-rate mortgage with a 3.99% interest rate. The loan amount was up to $500,000 and no more than 80% loan to value. With no closing costs, it was a deal too hard to pass up.
Even as the bidding started, the deal was going to get better. Jeremy Pinard, Premier’s Senior Vice President of Lending, decided to reduce the rate to an incredible 2.99%, making it a market beater. Quickly, the going price was over $10,000, on its way to the final bid of $17,000.
Tiny Tim started in 1956 and received tax-exempt status 10 years later. All of the fundraising events Tiny Tim Center holds support their programs. Through sponsorships, ticket sales and donations, Tiny Tim brings in more than 17% of their annual income. The net proceeds of the events support Tiny Tim’s general operating budget, and early figures show that the spring auction grossed $130,000 to support the center.
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