PenAir Celebrates Groundbreaking for New Fort Walton Beach Branch

Fort Walton Beach, Fla. (June 26, 2025) – On Wednesday, June 25, PenAir Credit Union (PenAir) marked a major milestone with a ceremonial groundbreaking at the future site of its new Fort Walton Beach branch, located at 80 Elgin Parkway. The event welcomed community leaders, PenAir executives, and members of the Greater Fort Walton Beach Chamber of Commerce to celebrate the credit union’s ongoing commitment to growth, innovation, and local service.

The ceremony featured remarks from Lee Morgan, PenAir President and CEO, Stephanie Oram, PenAir Board Chair, and Ted Corcoran, President of the Greater Fort Walton Beach Chamber of Commerce. Each speaker reflected on the significance of PenAir’s investment in the area and the positive impact the new branch will bring to members, local businesses, and the broader community.

“This groundbreaking is about more than a new building—it’s about building relationships, trust, and a stronger financial future for the people of Fort Walton,” said Morgan. “We’re proud to expand our presence here and bring our mission of Enhancing Lives to life in a new and meaningful way.”

Echoing that sentiment, Corcoran highlighted the community’s enthusiasm for PenAir’s arrival and the credit union’s longstanding commitment to service.

“Fort Walton Beach has been waiting 90 years for PenAir to come across the bridge—and we couldn’t be more excited to welcome them,” said Corcoran. “PenAir’s reputation for giving back and investing in the communities it serves is exactly the kind of partnership this city values. We’re grateful to Lee Morgan and the entire PenAir team for bringing their mission and momentum to Fort Walton.”

Designed with the member experience in mind, the future branch will incorporate modern banking technology, community-inspired design, and convenient access for residents and businesses. The location is part of PenAir’s larger vision to create more accessible, people-centered spaces across Northwest Florida and South Alabama.

The Fort Walton Beach branch is expected to open in early 2026.

To learn more about PenAir Credit Union and its services, visit PenAir.org.