Credit union CEOs under the age of 40 (heck, even 50) have always been few and far between, so Lee Morgan was certainly a rarity when he landed his first credit union CEO job back in the 1990s - at the time, he was too young to even legally rent a car! Since then, he has served as CEO or in a C-suite role at six different credit unions, including his current role as CEO of the $2.7 billion PenAir Credit Union in Pensacola, Fla.
With that kind of vast experience under his belt, you can bet Morgan had some words of wisdom to share as our latest guest on "Shared Accounts With CU Times." In this episode, he discusses PenAir’s recent conversion to a Florida state charter and subsequent membership expansion into a number of new counties in Alabama and Florida, as well as PenAir’s technology-driven branch network expansion strategy, as the credit union is preparing to open several new brick-and-mortar locations. He also shares why PenAir is increasing its focus on business and commercial banking, and the importance of viewing chaos as opportunity as all credit unions face regulatory uncertainty in 2025.
Trust us, you don’t want to miss this refreshing, down-to-earth conversation with a relatable CEO who truly sees the glass as half-full, so stop what you’re doing right now and give this episode a listen!
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