O Bee Credit Union is now home to Tim Timmer as the V.P. of Business Lending, a new department which is already being recognized for its contributions. Along with his dedicated team, Thierry Steuby and Leah Hontz, Tim has brought a new level of service and customer relations to O Bee. Tim endured a challenging upbringing, but it was one that ultimately set him on a path to success.
Tim had his share of challenges from early on. “Between the ages of 4 and 12, my family moved from Washington to Illinois, and then to Minnesota,” he says. “My father owned a restaurant but lost it during the farming crisis of 1984.” When Tim’s father abruptly passed away in 1993, Tim says frankly that he “had nowhere to live.” After being temporarily taken in by a friend’s parents, Tim finally found his calling as a personal bank teller for the US Bank.
Tim enjoyed building relationships with customers and eventually transitioned to South Sound Bank. “I had a great mentor in President and CEO Dan Yerrington,” he says. That’s also where he met his current business partners. “Leah and Thierry are a major reason I’ve been so successful; I couldn’t do it without them,” he adds. After Timberland acquired South Sound Bank in 2018, the team entered the O Bee family and have excelled since.
Just recently, they received a Top Partner Award for their work in the Small Business Administration (SBA) 504 program from Evergreen Business Capital. “The SBA is a great program that helps small business owners access business loans for real estate purchases with specialized rates and terms. Winning the award helps generate awareness for the program so we can help more of our members save money on terms and realize ownership of their business location,” Tim says.
Tim is looking forward to a lot in 2020, from hiking and camping with his wife and son to raising awareness for homelessness and growing the Business Lending department at O Bee. He is a co-owner of Fresh Start Housing, a passion project that manages multiple properties to house the homeless. “We connect them to resources and provide a safe living environment with supervision and regulations that they have to live by,” he emphasized. “Our primary mission is to provide clean and sober, low barrier housing to individuals who are out of treatment, incarceration or mental evaluation. These are leading causes of homelessness and we feel we are doing our part to take a dent out.”
Tim and his team have quickly become part of the O Bee family, sharing their considerable talent, energy, and invaluable expertise. To learn more about the team or what they do, visit the O Bee website.