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Press Release
 
FOR IMMEDIATE RELEASE Contact: Cora Zaletel
November 13, 2002 Assistant to the President
USC External Affairs
(719) 549-2810

Alumni Association Announces Home Loan Program with FNB - Colorado

Pueblo
-- Employees and alumni of the University of Southern Colorado have an opportunity to benefit the university, the alumni association, and their own finances thanks to a new home loan program with First National Bank-Colorado (FNB).

The USC Alumni Association, in partnership with FNB - Colorado, will unveil the new alumni benefit at a reception beginning at 4 p.m. on Monday, Nov. 18 at First National Bank in Pueblo, 510 West 29th St. With any new or refinanced mortgage loan, FNB will make a contribution to the USC Alumni Association. The contribution will range from $100-600 based on the final loan amount. All alumni, employees, and students of USC, SCSC, SCJC, and PJC are eligible to participate.

All mortgage loans will be at competitive interest rates and with standard closing costs, according to Mickey Moore, Senior Vice President at FNB-Colorado. As an added benefit, FNB - Colorado will provide a $150 credit to be applied at the closing of the loan. This credit may be used to reduce mortgage loan costs, (i.e. appraisal, title insurance, etc.) During the initial year of the program, the offer will only apply to alumni, employees or students, who buy or refinance a home within the state of Colorado. However, as the program continues to grow, the offer may soon be extended to properties beyond Colorado's borders.

"First National Bank-Colorado is excited to become the strategic partner of the University of Southern Colorado for the USC Alumni Association Home Loan Program. Obviously, this program will create a strong network through which the bank can market mortgage loans, but more importantly, the contributions by FNB-Colorado to the USC Alumni Association for each mortgage loan closed will provide on-going financial support for Association activities," Moore said. "It's a win-win situation for the university, its Alumni Association, and First National Bank-Colorado."

The USC Alumni Association serves approximately 32,000 individuals. Alumni are defined as anyone who has attended USC, SCSC, SCJC, or PJC. In 1995, the Alumni Association board voted to extend membership to all alumni with no fees or dues. The mission of the USC Alumni Association is to continue and enhance the relationships among alumni, the University, and alumni communities.

For more information about the home loan program, contact First National Bank - Colorado at 719-565-4200 and ask for the USC Home Loan Program representative.

The University of Southern Colorado is a regional, comprehensive university emphasizing professional, career-oriented, and applied programs. Displaying excellence in teaching, celebrating diversity, and engaging in service and outreach, USC is distinguished by access, opportunity, and the overall quality of services provided to its students.