Press

Pen Air Federal Credit Union announces new President and Chief Executive Officer

PENSACOLA, FL (March 1, 2021) —

The $2.1 billion Pen Air 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 Pen Air 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 Chairperson of the Board, Robert Jacobson.

Lee comes to Pen Air 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 Pen Air 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 Pen Air Federal Credit Union.”

About Pen Air Federal Credit Union

Since 1936 PenAir Credit Union has been the catalyst where community, resources, and impact come together and produce a powerful force for good. With more than $2.8 billion in assets, our purpose is to enhance the lives of those we serve, from Mobile, Alabama, to Tallahassee, Florida. Visit www.penair.org to learn more.