Who Is PenAir?

Let's get to know each other.

We are more than a community banking resource

The reason we exist is so much simpler — and so much more powerful.

We exist to enhance lives

And with that clarity, what we do is made more powerful by our purpose for doing it. Grown from the values we hold most dear, three guiding principles emerged to shape how we see the people we serve, the community around us, and our role within it.

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Respect is foundational to everything. It’s how we build relationships and form trust.

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Through service, we effect change. It’s how we take care of each other. By listening. Understanding. And personalizing experiences.

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It’s our most important value. A positive force for good, where community and generosity fuse into something unshakable.

Proudly Serving

Mobile to Tallahassee, with 12 convenient locations in Northwest Florida and Southeast Alabama.

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Santa Rosa County, FL

Path going through a park filled with trees

Baldwin County, AL

Financing with PenAir is

Financing for good

Last year, employees provided

through our Jeans for Communerosity® employee fundraising program.

In 2023, employees spent

hours volunteering and giving back in the community.

Together, PenAir and our employees impacted over

local like-minded community organizations.

Who We Are

Being the largest and oldest local credit union in Pensacola, Florida, with more than $3 billion in assets, is the least interesting thing about us.

How It All Started

Since our founding in 1936, PenAir Credit Union has always maintained our commitment to our members’ needs. Through these years we have grown alongside our members and welcomed more members into our cooperative. Because of this strength we have been able to continually improve our service through enhanced access and convenience, competitive rates, and more locations. This strength will always be a part of who we are, yesterday, today, and in the future.

Where We're Going

PenAir’s been connected to this community since 1936. Serving up great banking to generations of those who keep us safe, make us stronger — and make this community so amazing. That’s why we never stop getting better and better.

Check in on our overall health:

Statistical Highlights

As of June 30, 2024





Total Deposits


Total Members


Accolades mean more when they're freely given

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“Best of Bauer” 5-Star Elite Rating

BauerFinancial, Inc., the nation’s credit union and bank rating firm, has been analyzing and reporting on the nation’s financial institutions since 1983. A 5-Star rating by Bauer indicates that PenAir is one of the strongest credit unions in the nation, excelling in such areas as capital, loan quality, profitability, and much more.

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Newsweek America's Best Credit Unions

Newsweek and market data research firm Plant-A Insights Group recently released their ranking of America’s Best Regional Banks and Credit Unions 2024, recognizing the top 250 Regional Banks and top 250 Credit Unions in the United States.

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Forbes.com Names PenAir Among Top CU

In order to evaluate the more than 5,000 credit unions in the United States, Forbes enlisted the help of Statista, a marketing research firm, to survey nearly 26,000 U.S. citizens from all 50 states on their banking relationships. Financial institutions were scored on overall recommendations and satisfaction, as well as five subdimensions (trust, terms and conditions, branch services, digital services, and financial advice). Only 3.4% of credit unions nationwide make this prestigious list.

Need a little more information?

Maybe what you’re looking for is here.

You can open an account with us if you live, work, go to school or worship in one of the 19 counties we serve, from Mobile County, Alabama to Leon County, Florida.

To become a PenAir member, you only need three things:

  1. Your driver’s license or other acceptable forms of identification, such as government-issued photo IDs, state IDs, or military IDs.
  2. Your complete physical and mailing address. If your current address doesn’t match your ID, we’ll need proof of your current address (e.g., a paystub, utility bill, tax bill, or vehicle registration).
  3. $5 for your Savings Account, which serves as your share account and establishes your membership with PenAir.

As long as you live, work, go to school, or worship in one of the 19 counties we serve between Mobile, AL and Tallahassee, FL, you’re eligible to join PenAir and enjoy our range of financial services.

Your new account can be funded with a debit or credit card. Welcome to PenAir, where your financial journey begins!

Ready for this one? There’s no application fee. There are no balance transfer fees. There are no annual fees. That’s pretty good, right? We think so too.

Didn't Find What You Needed? Say Browse our PenAir FAQs

Leadership and service are one in the same

Meet the people who are here to serve you.

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