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Compensation 990 is an independent service that uses public IRS Form 990 filings as its source data. We clean and standardize this information, but the original filings may contain errors or omissions. Years on this site refer to the organization’s fiscal year end date on the filing.

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Organizations Penair Credit Union

Penair Credit Union

Fiscal year ending 2024. Filed on November 6, 2025.

1495 E Nine Mile Road
Pensacola, Florida 32514

Penair Credit Union (EIN: 59-0642991) has filed an IRS Form 990 since fiscal year 2022. In its fiscal year 2024 IRS Form 990 filing, Penair Credit Union, a 501(c)(14) state-chartered credit union or mutual reserve fund, reported compensation for 23 out of 453 total employees. Among the employees shown here, the average compensation is $261,667. The highest compensated employee at Penair Credit Union is Delbert Morgan with fiscal year 2024 compensation of $706,591.

Revenue, expenses, and employee compensation

Revenue

$174,340,544

Expenses

$158,515,785

Employee compensation

$35,205,755
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Delbert Morgan
President and Chief Executive Officer
$706,591
$656,949 No related comp$49,642
Chris Funk
Senior Vice President and Chief Lending Officer
$339,848
$291,121 No related comp$48,727
Derrick Aguilar
Svp/Chief Experience Officer
$324,223
$276,571 No related comp$47,652
Galen Counselman
Senior Vice President and Chief Information Officer
$324,163
$276,716 No related comp$47,447
Dana Mullins
Svp/Chief People Officer
$323,160
$268,136 No related comp$55,024
Andrew Reynolds
Svp/Chief Strategy Officer
$320,565
$280,028 No related comp$40,537
Charles Blackwell
Svp/Chief RISK Officer
$314,798
$268,754 No related comp$46,044
John Huddleston
Senior Vice President and Chief Financial Officer
$268,893
$232,776 No related comp$36,117
Dave Gooch
Vice President of Commercial Lending
$247,540
$218,581 No related comp$28,959
Hugh Mann
SR Wealth Advisor
$245,541
$219,462 No related comp$26,079
Michelle James
Vice President of Digital Transformation
$233,937
$199,450 No related comp$34,487
Sankul Seth
Vice President of DATA Analytics
$232,869
$219,957 No related comp$12,912

Benchmark Employee Compensation

Non-Employee Board Members

Donald Bailey
Board Member
Gerald Adcox
Board Member
Randy Roy
Board Secretary
Ricky Crews
Treasurer and Board Member
Robert Jacobson
Board Chair
Ruth Ann McCall
Board Member
Stephanie Oram
Board of Directors, VICE Chair

Contractors

Pscu
Card Servicing
$3,191,316
Hanto Clarke General Contractors LLC
General Contractors
$3,022,845
Mastercard International
Card Servicing
$2,123,996
Cardtronics USA Inc.
Software Subscription
$1,909,733
Jack Henry & Associates Inc.
Software Subscription
$1,726,771

Mission Statement

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.

Revisions to this organization profile

November 6, 2025:
2024 Penair Credit Union 990 filed
November 13, 2024:
2023 Penair Credit Union 990 filed
October 16, 2023:
2022 Penair Credit Union 990 filed

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