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Penair Credit Union

  • Pensacola, FL
  • EIN: 59-0642991

Organization summary

Organization summary might be incomplete or out of date

This organization is not listed in the IRS's most recent list of tax exempt organizations, but we have data associated with this Employer Identification Number.

Type of Nonprofit

Designated as a State-chartered credit unions and mutual reserve funds.

Details

According to its Dec. 2024 tax filing, this nonprofit:

Reported conflict of interest transactions
Organizations must report loans, grants or business transactions with interested parties, which may include key employees and officers, their family members and any businesses in which they hold a controlling interest. These transactions must be reported on Schedule L.

Summary charts: organization finances over time

Revenue
$174M (2024)

Expenses
$159M (2024)

Total Assets
$2.55B (2024)

Total Liabilities
$2.35B (2024)

Source: Form 990 tax filings from 2022 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2024

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$174,340,544
Expenses
$158,515,785
Net Income
$15,824,759
Net Assets
$201,925,682
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $98,795,864
56.7%
Investment Income $45,423,266
26.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$3,108
Net Inventory Sales $0
Other Revenue $30,124,522
17.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $4,991,979
3.1%
Professional Fundraising Fees $0
Other Salaries and Wages $22,193,441
14.0%
Assets/Debt
Total Assets $2,554,438,294
Total Liabilities $2,352,512,612
Net Assets $201,925,682
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Delbert Morgan (President Ceo) $656,949 $0 $49,642
Chris Funk (Svp/Chief Lending Officer) $291,121 $0 $48,727
Andrew Reynolds (Svp/Chief Strategy Officer) $280,028 $0 $40,537
Galen Counselman (Svp/Chief Information Officer) $276,716 $0 $47,447
Derrick Aguilar (Svp/Chief Experience Officer) $276,571 $0 $47,652
Charles Blackwell (Svp/Chief Risk Officer) $268,754 $0 $46,044
Dana Mullins (Svp/Chief People Officer) $268,136 $0 $55,024
John Huddleston (Svp/Chief Financial Officer) $232,776 $0 $36,117
Sankul Seth (Vp Of Data Analytics) $219,957 $0 $12,912
Hugh Mann (Sr. Wealth Advisor) $219,462 $0 $26,079
Dave Gooch (Vp Of Commercial Lending) $218,581 $0 $28,959
Michelle James (Vp Of Digital Transformation) $199,450 $0 $34,487
Eve Nimkar (Vp Of Marketing) $194,906 $0 $5,089
Jennifer Murphy (Former Vp Of Mortgage) $185,836 $0 $13,578
Anje Reid (Vp Member Experience) $182,774 $0 $30,603
Stephen O'reilly (Avp Sr Wealth Manager) $181,989 $0 $23,157
Scott Brown (Avp Information Technology) $177,667 $0 $38,409
Ryan Vann (Vp Of Consumer Lending) $174,855 $0 $39,279
Meg Rich (Vp Of Project Management) $161,115 $0 $22,529
Rodney Randle (Sr. Wealth Advisor) $160,405 $0 $14,728
John Heckmann (Avp Finance & Treasury) $157,795 $0 $26,658
Debbie Kemp (Vp Of Credit Resolutions) $154,174 $0 $12,603
Victoria Cheatham (Vp Of Risk Management) $150,407 $0 $27,646
Robert Jacobson (Board Of Directors, Chair) $0 $0 $0
Stephanie Oram (Board Of Directors, Vice Chair) $0 $0 $0
See filing for compensation of 5 other people →
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Document Links

990
Filed on Nov. 6, 2025

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$167,698,101
Expenses
$138,287,668
Net Income
$29,410,433
Net Assets
$183,300,713
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $86,430,609
51.5%
Investment Income $43,620,178
26.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$114,227
Net Inventory Sales $0
Other Revenue $37,761,541
22.5%
Notable Expenses Percent of Total Expenses
Executive Compensation $2,567,877
1.9%
Professional Fundraising Fees $0
Other Salaries and Wages $20,404,520
14.8%
Assets/Debt
Total Assets $3,075,876,812
Total Liabilities $2,892,576,099
Net Assets $183,300,713
Compensation
Key Employees and Officers Compensation Related Other
Delbert Morgan (President Ceo) $626,121 $0 $43,909
Derrick Aguilar (Svp/Chief Experience Offic) $268,686 $0 $43,550
Galen Counselman (Svp/Chief Information Offi) $266,845 $0 $39,628
Dana Mullins (Svp/Chief People Officer) $257,828 $0 $50,497
Charles Blackwell (Svp/Chief Risk Officer) $257,552 $0 $41,761
Chris Funk (Svp / Chief Lending Officer) $243,599 $0 $38,674
Samuel Furr (Vp Commercial Lending) $205,367 $0 $29,070
Michelle James (Vp Digital Transformation) $191,217 $0 $36,081
Sankul Seth (Vp Data Analytics) $186,678 $0 $5,407
Stephen O'reilly (Avp Asset Management) $185,270 $0 $34,615
Jennifer Murphy (Vp Mortgage) $182,546 $0 $14,765
John Huddleston (Svp / Chief Financial Officer) $177,684 $0 $28,451
Scott Brown (Avp Information Technology) $168,260 $0 $33,138
Anje Reid (Vp Member Experience) $167,523 $0 $23,550
Shirley Harris (Svp/Chief Financial Office) $166,772 $0 $16,321
John Heckmann (Vp Strategy & Investments) $162,295 $0 $25,026
Hugh Mann (Investment Executive) $148,154 $0 $16,258
Robert Jacobson (Board Of Directors, Chair) $0 $0 $0
Stephanie Oram (Board Of Directors, Vice) $0 $0 $0
Randy Roy (Board Of Directors, Secret) $0 $0 $0
Ruth Ann Mccall (Board Of Directors, Treasu) $0 $0 $0
Ricky Crews (Board Of Directors) $0 $0 $0
Donald Bailey (Board Of Directors) $0 $0 $0
Gerald Adcox (Board Of Directors) $0 $0 $0
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Document Links

990
Filed on Nov. 13, 2024

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$30,644,100
Expenses
$22,501,884
Net Income
$8,142,216
Net Assets
$159,567,453
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $25,509,333
83.2%
Investment Income $4,425,974
14.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $166,964
0.5%
Net Inventory Sales $0
Other Revenue $541,829
1.8%
Notable Expenses Percent of Total Expenses
Executive Compensation $418,736
1.9%
Professional Fundraising Fees $0
Other Salaries and Wages $4,696,967
20.9%
Assets/Debt
Total Assets $2,369,078,373
Total Liabilities $2,209,510,920
Net Assets $159,567,453
Compensation
Key Employees and Officers Compensation Related Other
Delbert Morgan (President Ceo) $517,705 $0 $43,490
Shirley Harris (Svp/Chief Financial Officer) $237,814 $0 $26,852
Galen Counselman (Svp/Chief Information Officer) $232,904 $0 $39,419
Dana Mullins (Svp/Chief People Officer) $224,773 $0 $47,558
Pamela Hatt (Vp Marketing) $191,651 $0 $39,542
Samuel Furr (Vp Commercial Lending) $190,681 $0 $27,997
Hugh Mann (Investment Executive) $189,691 $0 $25,093
Derrick Aguilar (Svp/Chief Experience Officer) $186,442 $0 $20,372
Stephen O'reilly (Avp Asset Management) $182,895 $0 $35,507
Michelle James (Vp Digital Transformation) $178,773 $0 $35,476
Charles Blackwell (Svp/Chief Risk Officer) $175,315 $0 $15,108
Scott Brown (Avp Information Technology) $155,205 $0 $31,744
Anje Reid (Vp Member Experience) $145,890 $0 $18,856
Jennifer Murphy (Vp Mortgage) $144,484 $0 $17,856
John Heckmann (Vp Strategy & Investments) $137,875 $0 $34,464
Payton Burchett (External Mortgage Originator) $137,739 $0 $16,410
Robert Jacobson (Board Of Directors, Chair) $0 $0 $0
Stephanie Oram (Board Of Directors, Vice Chair) $0 $0 $0
Randy Roy (Board Of Directors, Secretary) $0 $0 $0
Ruth Ann Mccall (Board Of Directors, Treasurer) $0 $0 $0
Ricky Crews (Board Of Directors) $0 $0 $0
Donald Bailey (Board Of Directors) $0 $0 $0
Gerald Adcox (Board Of Directors) $0 $0 $0
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Document Links

990
Filed on Oct. 16, 2023

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

About This Data

What Is This Data?

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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About Nonprofit Explorer

Nonprofit Explorer

Browse millions of annual returns filed by tax-exempt organizations with ProPublica’s Nonprofit Explorer. See details like executive compensation, revenue, expenses and more. Search for an organization or a person, or search the full text of filings.

By Andrea Suozzo, Alec Glassford, Ash Ngu and Brandon Roberts.

Design by Jeff Frankl. Additional development by Ken Schwencke, Mike Tigas, and Sisi Wei.

E-file viewer adapted from IRS e-File Viewer by Ben Getson. Code for scraping audit documents adapated from Govwiki.

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