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Filing year 2024

PENAIR CREDIT UNION

Pensacola, Florida·EIN 59-0642991·501(c)(14)
Total revenue
$174.3M
Total assets
$2.6B
Total expenses
$158.5M
Reported officers
30
Mission

THE CREDIT UNION'S MISSION IS TO PROMOTE THRIFT AMONG ITS MEMBERS, CREATING SOURCES OF CREDIT AT A FAIR AND REASONABLE RATES OF INTEREST, AND PROVIDING AN OPPORTUNITY FOR ITS MEMBERS TO USE AND CONTROL THEIR RESOURCES ON A DEMOCRATIC BASIS TO IMPROVE THEIR ECONOMIC AND SOCIAL CONDITION. THE CREDIT UNION SERVES MEMBERS IN BALDWIN OR MOBILE COUNTIES IN ALABAMA AND FROM ESCAMBIA TO LEON COUNTIES IN FLORIDA. THE CREDIT UNION FURTHER SERVES MEMBERS JOINING THE CREDIT UNION AS A FRIEND OF THE NAVY MARINE CORP RELIEF SOCIETY. THE TOTAL NUMBER OF MEMBERS IS IN EXCESS OF 129,000.

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 23 reported individuals · Filing year 2024

Percentile bands compare each position's total pay with the same role at nonprofits nationwide, across all sectors.

President CEO
Above 90th percentile
$707k
$749k
Base
$545k
Bonus
$100k
Other
$12k
Benefits
$29k
Svp/chief Lending Officer
Officer (Unspecified)
$340k
$360k
Base
$256k
Bonus
$32k
Other
$3k
Benefits
$28k
Svp/chief Experience Officer
Officer (Unspecified)
$324k
$344k
Base
$235k
Bonus
$33k
Other
$8k
Benefits
$28k
Svp/chief Information Officer
Officer (Unspecified)
$324k
$344k
Base
$242k
Bonus
$32k
Other
$2k
Benefits
$28k
Svp/chief People Officer
Officer (Unspecified)
$323k
$343k
Base
$235k
Bonus
$31k
Other
$2k
Benefits
$28k
Svp/chief Strategy Officer
Officer (Unspecified)
$321k
$340k
Base
$233k
Bonus
$8k
Other
$39k
Benefits
$28k
Svp/chief Risk Officer
Officer (Unspecified)
$315k
$334k
Base
$236k
Bonus
$31k
Other
$1k
Benefits
$27k
Svp/chief Financial Officer
Officer (Unspecified)
$269k
$285k
Base
$211k
Bonus
$20k
Other
$2k
Benefits
$28k
VP of Commercial Lending
Board Vice President
75th to 90th percentile
$248k
$263k
Base
$195k
Bonus
$18k
Other
$6k
Benefits
$17k
Sr. Wealth Advisor
Highest Compensated Employee
75th to 90th percentile
$246k
$260k
Base
$68k
Bonus
$151k
Other
$770
Benefits
$15k
VP of Digital Transformation
Board Vice President
75th to 90th percentile
$234k
$248k
Base
$176k
Bonus
$22k
Other
$1k
Benefits
$28k
VP of Data Analytics
Board Vice President
75th to 90th percentile
$233k
$247k
Base
$195k
Bonus
$24k
Other
$1k
Benefits
$2k
AVP Information Technology
Highest Compensated Employee
Median to 75th percentile
$216k
$229k
Base
$165k
Bonus
$11k
Other
$1k
Benefits
$26k
VP of Consumer Lending
Board Vice President
75th to 90th percentile
$214k
$227k
Base
$155k
Bonus
$18k
Other
$1k
Benefits
$27k
VP Member Experience
Board Vice President
Median to 75th percentile
$213k
$226k
Base
$161k
Bonus
$20k
Other
$2k
Benefits
$19k
AVP Sr Wealth Manager
Highest Compensated Employee
Median to 75th percentile
$205k
$218k
Base
$165k
Bonus
$16k
Other
$1k
Benefits
$11k
VP of Marketing
Board Vice President
Median to 75th percentile
$200k
$212k
Base
$183k
Bonus
$11k
Other
$1k
Benefits
$2k
Former VP of Mortgage
Board Vice President
Median to 75th percentile
$199k
$212k
Base
$148k
Bonus
$11k
Other
$27k
Benefits
$9k
AVP Finance & Treasury
Highest Compensated Employee
Median to 75th percentile
$184k
$196k
Base
$143k
Bonus
$14k
Other
$770
Benefits
$16k
VP of Project Management
Board Vice President
Median to 75th percentile
$184k
$195k
Base
$145k
Bonus
$15k
Other
$995
Benefits
$11k
VP of Risk Management
Board Vice President
Median to 75th percentile
$178k
$189k
Base
$137k
Bonus
$12k
Other
$1k
Benefits
$17k
Sr. Wealth Advisor
Highest Compensated Employee
Median to 75th percentile
$175k
$186k
Base
$69k
Bonus
$91k
Other
$820
Benefits
$15k
VP of Credit Resolutions
Board Vice President
Median to 75th percentile
$167k
$177k
Base
$141k
Bonus
$12k
Other
$1k
Benefits
$2k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 7 unpaid individuals.

Up 5%
from 2023

From $670k in 2023 to $707k in 2024.

$670k
2023
$707k
2024
In today's dollarsEst.
Up 2% in real terms$732k to $749k

Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Chief Executive Officer pay rose 5% from 2023 to 2024, while revenue rose 4%.

$670k in 2023 to $707k in 2024.
  • Board Vice President pay rose 6% from 2023 to 2024.
  • Highest Compensated Employee pay rose 49% from 2023 to 2024.

Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

PENAIR CREDIT UNION reported revenue and expenses across 2 filing years.

RevenueExpenses
$167.7M
$138.3M
2023
$174.3M
$158.5M
2024
Total revenue and total expenses from IRS Form 990 filings.
FAQ

Common questions about PENAIR CREDIT UNION

What does the Chief Executive Officer of PENAIR CREDIT UNION earn?

In 2024, the Chief Executive Officer of PENAIR CREDIT UNION received $706,591 in total compensation. This pay is in the top 10% for Chief Executive Officer roles among nonprofits nationwide, across all sectors: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.

How does Chief Executive Officer pay at PENAIR CREDIT UNION compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2024 pay of the Chief Executive Officer at PENAIR CREDIT UNION falls in the top 10%.

What are PENAIR CREDIT UNION's revenue and expenses?

In 2024, PENAIR CREDIT UNION reported $174.3M in total revenue and $158.5M in total expenses on its IRS Form 990.

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