PENSACOLA, Florida and ANNISTON, Alabama (October 21, 2026) – PenAir Credit Union (PenAir) and Fort McClellan Credit Union (FMCU) have announced plans to merge. The proposed partnership brings together two member-owned credit unions with nearly 165 years of combined service. These credit unions share a commitment to helping people improve their financial well-being, strengthening communities, and delivering exceptional service.
Subject to regulatory approval and a vote of eligible Fort McClellan members, the combined organization will serve more than 155,000 members through 22 locations and growing across Alabama, Florida, and Virginia. The merger represents a significant chapter in the history and legacy of both Fort McClellan and PenAir. Leaders from both organizations say the proposed merger is about far more than size. It is about bringing together two strong credit unions that share similar values, a people-first philosophy, and a long history of serving their communities.
“Fort McClellan Credit Union is an exceptional organization with a proud history of service and deep roots in the communities it serves,” said Lee Morgan, president and CEO of PenAir Credit Union. “As we got to know the FMCU team, it became clear that we share the same beliefs about what a credit union should be. We both believe in putting people first, investing in our communities, and helping members improve their financial well-being. This partnership allows us to build on those shared values while creating new opportunities for members, employees, and the communities we serve.”…