Penair Credit Union
THE CREDIT UNION'S MISSION IS TO PROMOTE THRIFT AMONG ITS MEMBERS, CREATING SOURCES OF CREDIT AT A FAIR AND REASONABLE RATES OF INTEREST, AND PROVIDING AN OPPORTUNITY FOR ITS MEMBERS TO USE AND CONTROL THEIR RESOURCES ON A DEMOCRATIC BASIS TO IMPROVE THEIR ECONOMIC AND SOCIAL CONDITION. THE CREDIT UNION SERVES MEMBERS IN BALDWIN OR MOBILE COUNTIES IN ALABAMA AND FROM ESCAMBIA TO LEON COUNTIES IN FLORIDA. THE CREDIT UNION FURTHER SERVES MEMBERS JOINING THE CREDIT UNION AS A FRIEND OF THE NAVY MARINE CORP RELIEF SOCIETY. THE TOTAL NUMBER OF MEMBERS IS IN EXCESS OF 129,000.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$2.6B
-17.0% YoY
Annual Giving
$139K
-39.8% YoY
Grant Count
2
-71.4% YoY
Avg Grant Size
$69K
+110.7% YoY
About Penair Credit Union
Based on IRS filings
Penair Credit Union is a nonprofit organization, based in PENSACOLA, FL. IRS filing data is available from 2022 through 2024. As of 2024, the organization holds $2.6B in total assets. In 2024, it awarded 2 grants totaling $139K. Net investment income was $45.4M.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $2,554,438,294 | $3,075,876,812 | $2,369,078,373 |
| Revenue | $174,340,544 | $167,698,101 | $30,644,100 |
| Expenses | $158,515,785 | $138,287,668 | $22,501,884 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $45,420,158 | $43,505,951 | $4,592,938 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
Grant Size Distribution
10 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| ROBERT JACOBSON | BOARD OF DIRECTORS, CHAIR | 4 | — |
| STEPHANIE ORAM | BOARD OF DIRECTORS, VICE CHAIR | 4 | — |
| RICKY CREWS | BOARD OF DIRECTORS, TREASURER | 4 | — |
| RANDY ROY | BOARD OF DIRECTORS, SECRETARY | 4 | — |
| DONALD BAILEY | BOARD OF DIRECTORS | 4 | — |
| RUTH ANN MCCALL | BOARD OF DIRECTORS | 4 | — |
| GERALD ADCOX | BOARD OF DIRECTORS | 4 | — |
| DELBERT MORGAN | PRESIDENT CEO | 40 | $656,949 |
| DERRICK AGUILAR | SVP/CHIEF EXPERIENCE OFFICER | 40 | $276,571 |
| CHARLES BLACKWELL | SVP/CHIEF RISK OFFICER | 40 | $268,754 |
| GALEN COUNSELMAN | SVP/CHIEF INFORMATION OFFICER | 40 | $276,716 |
| CHRIS FUNK | SVP/CHIEF LENDING OFFICER | 40 | $291,121 |
| JOHN HUDDLESTON | SVP/CHIEF FINANCIAL OFFICER | 40 | $232,776 |
| DANA MULLINS | SVP/CHIEF PEOPLE OFFICER | 40 | $268,136 |
| ANDREW REYNOLDS | SVP/CHIEF STRATEGY OFFICER | 40 | $280,028 |
| VICTORIA CHEATHAM | VP OF RISK MANAGEMENT | 40 | $150,407 |
| DAVE GOOCH | VP OF COMMERCIAL LENDING | 40 | $218,581 |
| MICHELLE JAMES | VP OF DIGITAL TRANSFORMATION | 40 | $199,450 |
| DEBBIE KEMP | VP OF CREDIT RESOLUTIONS | 40 | $154,174 |
| JENNIFER MURPHY | FORMER VP OF MORTGAGE | 40 | $185,836 |
| EVE NIMKAR | VP OF MARKETING | 40 | $194,906 |
| ANJE REID | VP MEMBER EXPERIENCE | 40 | $182,774 |
| MEG RICH | VP OF PROJECT MANAGEMENT | 40 | $161,115 |
| SANKUL SETH | VP OF DATA ANALYTICS | 40 | $219,957 |
| RYAN VANN | VP OF CONSUMER LENDING | 40 | $174,855 |
| SCOTT BROWN | AVP INFORMATION TECHNOLOGY | 40 | $177,667 |
| JOHN HECKMANN | AVP FINANCE & TREASURY | 40 | $157,795 |
| STEPHEN O'REILLY | AVP SR WEALTH MANAGER | 40 | $181,989 |
| HUGH MANN | SR. WEALTH ADVISOR | 40 | $219,462 |
| RODNEY RANDLE | SR. WEALTH ADVISOR | 40 | $160,405 |
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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