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PenAir Federal Credit Union Announces New President and Chief Executive Officer

Pensacola, Florida – (February 2021) The $2.1 billion PenAir Federal Credit Union is pleased to announce the selection of Delbert Lee Morgan as the credit union’s new President and Chief Executive Officer.

“We are delighted to welcome Lee to PenAir Federal Credit Union. He is a proven leader and his strong background of both financial expertise and industry experience will ensure the credit union’s continued excellence and first-class service to our membership,” said Chairman of the Board, Bob Jacobson.

Lee comes to PenAir Federal Credit Union from ValleyStar Credit Union, where he served as President and Chief Executive Officer for eight years. Prior to his time at ValleyStar CU, Lee served as President and Chief Executive Officer at Southeastern Federal Credit Union for over 10 years. Prior to that, he held a variety of senior positions at credit unions in Jacksonville, Florida. Lee has a Bachelor of Science degree in Accounting and Business Administration from Presbyterian College in Clinton, South Carolina and holds certificates from the Wharton School of Leadership and ABA Stonier Graduate School of Banking.

Morgan says about his new role, “I am eager to make the move to PenAir Federal Credit Union. I am proud of my career achievements within the credit union community and look forward to leading a new organization, serving the membership, and the opportunities that lie ahead at PenAir Federal Credit Union.”

About PenAir Federal Credit Union

At PenAir Federal Credit Union, respect is a guiding principle. As the largest and oldest credit union headquartered in Pensacola, Florida, with $2.1 billion in assets PenAir is dedicated to enhancing lives through exceptional service, strength, and financial solutions. With thirteen locations in Northwest Florida and Southeast Alabama combined with online and mobile banking, we provide worldwide reach. PenAir is a not-for-profit, member-owned financial institution, serving the community and enhancing lives since 1936. For more information, visit penair.org.

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