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.
Penair Credit Union at a glance
In short: Penair Credit Union gave $139K across 2 grants in 2024 (avg $69K), mostly in Florida. Source: 2024 IRS Form 990.
- Annual giving (2024)
- $138,500
- -39.8% vs 2023
- Grants made (2024)
- 2
- -71.4% vs 2023
- Average grant
- $69,250
- +110.7% vs 2023
- Median grant
- $69,250
- Total assets
- $2,554,438,294
- -17.0% vs 2023
- Primary geography
- Florida (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990, 2024 View filing
Data from IRS Form 990, 2024; updated September 2026.
Who Penair Credit Union funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
The largest 2024 recipient was UWF Foundation ($129K). Together the top 2 received $139K.
Grant Size Distribution
10 grants across all recorded years
The most common grant size was under $50K: 8 grants of 10 (80%).
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2022 to 2024, annual grant giving ranged from $26K (2022) to $230K (2023). In 2024 it made 2 grants totaling $139K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| UWF Foundation Pensacola, FL | Sponsorship | $128,500 |
| Southeastern Credit Union Foundation Tallahassee, FL | Disaster Relief | $10,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2024 | $2,554,438,294 | $174,340,544 | $158,515,785 | $138,500 | 2 | $45,420,158 |
| 2023 | $3,075,876,812 | $167,698,101 | $138,287,668 | $230,100 | 7 | $43,505,951 |
| 2022 | $2,369,078,373 | $30,644,100 | $22,501,884 | $26,182 | 1 | $4,592,938 |
About Penair Credit Union
Based on IRS filings
Penair Credit Union is a public charity, 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.
Leadership & Key People
Officers and directors from IRS filings
Penair Credit Union is led by Delbert Morgan, President CEO on every filing since 2022; 23 of 30 officers listed in 2024 are compensated.
Officers on the 2024 filing
Delbert Morgan
President CEO
On filings since 2022
40 hrs/week
$518K (2022) → $657K (2024)
Robert Jacobson
Board of Directors & Chair
On filings since 2022
4 hrs/week
No compensation reported
Anje Reid
Vice President Member Experience
On filings since 2022
40 hrs/week
$146K (2022) → $183K (2024)
Charles Blackwell
Senior Vice President & Chief Risk Officer
On filings since 2022
40 hrs/week
$175K (2022) → $269K (2024)
Dana Mullins
Senior Vice President & Chief People Officer
On filings since 2022
40 hrs/week
$225K (2022) → $268K (2024)
Derrick Aguilar
Senior Vice President & Chief Experience Officer
On filings since 2022
40 hrs/week
$186K (2022) → $277K (2024)
Galen Counselman
Senior Vice President & Chief Information Officer
On filings since 2022
40 hrs/week
$233K (2022) → $277K (2024)
Hugh Mann
Senior Wealth Advisor
Investment Executive → Senior Wealth Advisor, 2024
On filings since 2022
40 hrs/week
$190K (2022) → $219K (2024)
Jennifer Murphy
Former Vice President of Mortgage
Vice President Mortgage → Former Vice President of Mortgage, 2024
On filings since 2022
40 hrs/week
$144K (2022) → $186K (2024)
John Heckmann
Assistant Vice President Finance & Treasury
Vice President Strategy & Investments → Assistant Vice President Finance & Treasury, 2024
On filings since 2022
40 hrs/week
$138K (2022) → $158K (2024)
Michelle James
Vice President of Digital Transformation
Vice President Digital Transformation → Vice President of Digital Transformation, 2024
On filings since 2022
40 hrs/week
$179K (2022) → $199K (2024)
Scott Brown
Assistant Vice President Information Technology
On filings since 2022
40 hrs/week
$155K (2022) → $178K (2024)
Stephen O'Reilly
Assistant Vice President Senior Wealth Manager
Assistant Vice President Asset Management → Assistant Vice President Senior Wealth Manager, 2024
On filings since 2022
40 hrs/week
$183K (2022) → $182K (2024)
Chris Funk
Senior Vice President & Chief Lending Officer
On filings since 2023
40 hrs/week
$244K (2023) → $291K (2024)
John Huddleston
Senior Vice President & Chief Financial Officer
On filings since 2023
40 hrs/week
$178K (2023) → $233K (2024)
Sankul Seth
Vice President of Data Analytics
Vice President Data Analytics → Vice President of Data Analytics, 2024
On filings since 2023
40 hrs/week
$187K (2023) → $220K (2024)
Andrew Reynolds
Senior Vice President & Chief Strategy Officer
New on the 2024 filing
40 hrs/week
$280K (2024)
Dave Gooch
Vice President of Commercial Lending
New on the 2024 filing
40 hrs/week
$219K (2024)
Debbie Kemp
Vice President of Credit Resolutions
New on the 2024 filing
40 hrs/week
$154K (2024)
Eve Nimkar
Vice President of Marketing
New on the 2024 filing
40 hrs/week
$195K (2024)
Meg Rich
Vice President of Project Management
New on the 2024 filing
40 hrs/week
$161K (2024)
Rodney Randle
Senior Wealth Advisor
New on the 2024 filing
40 hrs/week
$160K (2024)
Ryan Vann
Vice President of Consumer Lending
New on the 2024 filing
40 hrs/week
$175K (2024)
Victoria Cheatham
Vice President of Risk Management
New on the 2024 filing
40 hrs/week
$150K (2024)
Donald Bailey
Board of Directors
On filings since 2022
4 hrs/week
No compensation reported
Gerald Adcox
Board of Directors
On filings since 2022
4 hrs/week
No compensation reported
Randy Roy
Board of Directors & Secretary
On filings since 2022
4 hrs/week
No compensation reported
Ricky Crews
Board of Directors & Treasurer
Board of Directors → Board of Directors & Treasurer, 2024
On filings since 2022
4 hrs/week
No compensation reported
Ruth Ann McCall
Board of Directors
Board of Directors & Treasurer → Board of Directors, 2024
On filings since 2022
4 hrs/week
No compensation reported
Stephanie Oram
Board of Directors & Vice Chair
Board of Directors & Vice Chair → Board of Directors & Vice, 2023
Board of Directors & Vice → Board of Directors & Vice Chair, 2024
On filings since 2022
4 hrs/week
No compensation reported
Former officers (4)
- Former: Samuel Furr (2022–2023) — Vice President Commercial Lending
- Former: Shirley Harris (2022–2023) — Senior Vice President & Chief Financial Officer
- Former: Pamela Hatt (2022) — Vice President Marketing
- Former: Payton Burchett (2022) — External Mortgage Originator
Data from IRS Form 990 filings, 2022–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $657K, to Delbert Morgan (President CEO). 23 officers or directors reported compensation on that filing.
Frequently asked questions about Penair Credit Union
How much does Penair Credit Union give each year?
Penair Credit Union gave $139K across 2 grants in 2024, according to its 2024 IRS Form 990. In 2023 it gave $230K across 7 grants.
How large is Penair Credit Union?
Penair Credit Union reported $2.6B in total assets on its 2024 IRS Form 990. Its revenue that year was $174.3M.
Where does Penair Credit Union operate?
Penair Credit Union has awarded grants in Alabama, Florida.
What is Penair Credit Union's EIN?
Penair Credit Union's EIN (Employer Identification Number) is 59-0642991. IRS Form 990 filing data is available on this page for 2022–2024.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(4)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2022 (received by the IRS October 16, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS November 13, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS November 6, 2025)
- IRS filings on file for fiscal years 2022–2024
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Penair Credit Union down — hundreds of funders to go?