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CEO Report In 2007 Premier Credit Union had one of the most successful years in its history. To accomplish this success we provided you with affordable and competitive products and services while at the same time controlling expenses. Revenues increased 12% while dividends returned to you increased nearly 44% from 2006 levels. We did this by streamlining processes to improve efficiencies, reducing costs and seeking better ways to deliver products and services to you. Premier Credit Union's philosophy has always been to create a level of trust so that you look to us for your financial solutions. We consider our obligation to you as our highest priority, because without you, Premier Credit Union would not exist. We are committed to positioning your Premier Credit Union to provide value and convenience. We focus on these two outcomes when we develop a new product line or improve a service delivery method. We first analyze how that affects you and then ask if it provides you value. Once we have established that value is achieved, we determine the most efficient and convenient method to make it available. In 2007 we met a number of challenges that required us to evaluate our organization and make necessary changes. The challenges were met successfully by your Board of Directors and credit union staff. I want to thank the Board of Directors for their dedicated service on your behalf. They give their time and expertise to make Premier Credit Union one of the most outstanding credit unions in Iowa, both financially and in reputation. Our credit union staff is among the finest groups of people in the industry, working to find ways to improve your financial lifestyle. Financially we remain strong with growth in revenue, earnings and capital/reserves. We continue to serve more than:
We realize you have a choice when it comes to selecting a financial institution and that is why we thank you for being a Member. Sincerely, ![]() Steven L. Flamm Chief Executive Officer
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