Pen Air earns “Best of Bauer” 5-Star Elite Rating

PENSACOLA, FL (June 21, 2022) — BauerFinancial, Inc., in Coral Gables, Florida, announces that Pen Air Federal Credit Union (Pen Air) has once again earned its highest 5-Star Superior rating. Having achieved Bauer’s highest rating for the latest 129 consecutive quarters, Pen Air has also been given the “Best of Bauer” status, a designation reserved only for those credit unions that have earned a 5-Star rating for 25 straight years or longer.

“Our purpose is to enhance lives through exceptional service, strength and financial solutions,” says Delbert Lee Morgan, Pen Air Federal Credit Union President & CEO. “Earning this distinction proves that we serve as more than a community banking resource, but as a trusted community leader. Our members can trust that Pen Air will continue to be where people and community, resources and expertise, simplicity and technology, all align around shared values, for generations to come.”

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 Pen Air is one of the strongest credit unions in the nation, excelling in such areas as capital, loan quality, profitability, and much more.


About Pen Air Federal Credit Union

At Pen Air Federal Credit Union, respect is a guiding principle. As the largest and oldest credit union headquartered in Pensacola, Florida, with $2.3 billion in assets, Pen Air is dedicated to enhancing lives through exceptional service, strength, and financial solutions. With 11 locations in Northwest Florida and Southeast Alabama combined with online and mobile banking, we provide worldwide reach. Pen Air is a not-for-profit, member-owned financial institution, serving the community and improving lives since 1936. For more information, visit

About BauerFinancial, Inc.

BauerFinancial, Inc., Coral Gables, Florida, the nation’s leading independent bank and credit union rating and research firm, has been reporting on and analyzing the performance of U.S. banks and credit unions since 1983. No institution can pay for or opt out of a BauerFinancial rating. Consumers may obtain free star-ratings by visiting


Mallory Wilson, Communications and PR Specialist
1495 E. Nine Mile Road
Pensacola, FL 32514
850.505.3200 x 7775

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