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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Michael Ogden

Editor-in-Chief at CU Times. To connect, email at [email protected]. As Editor-in-Chief of CU Times since 2016, Michael Ogden has led the editorial team in all aspects of content strategy and execution, including the creation of the publication’s exclusive and proprietary research database of the credit union industry’s economic landscape. Under Michael’s leadership, CU Times has successfully shifted to an all-digital editorial product with new focuses on the payments, fraud, lending and regulatory beats. Most recently, he introduced a data-focused editorial product for subscribers that breaks down credit union issues into hard data, allowing for a deeper and more factual narrative for readers. In 2024, he launched the "Shared Accounts With CU Times" podcast, which offers a fresh, inside-the-newsroom perspective through interviews with leaders from the credit union industry and the regulatory world. He dives into pressing credit union issues, while revealing the personalities working behind-the-scenes to push the credit union world forward. His background includes years as a radio and TV anchor/reporter and a public relations and digital/social media manager, where he covered the food and music industries, as well as cooperatives and credit unions. Over the years, he has launched numerous exclusive video and podcast series, including a successful series of interactive backstage interviews with musicians at music festivals, showcasing his social media and live streaming production skills.