Legacies of Service. A Future of Opportunity.
Fort McClellan Credit Union and PenAir Credit Union have announced plans to merge, subject to regulatory approval and a vote of eligible Fort McClellan Credit Union members.
This proposed partnership brings together two member-focused credit unions that share a commitment to helping people improve their financial well-being, strengthening communities, and delivering the personal service members deserve.
For more than 70 years, Fort McClellan Credit Union has proudly served its members and communities throughout Alabama. That legacy is important to us, and it remains an important part of this proposed partnership.
A Message to Our Members
As we evaluated opportunities for the future, one thing remained clear:
Any partner we considered needed to share the values that have guided FMCU for generations.
We found those values in PenAir Credit Union.
Like FMCU, PenAir is a member-owned credit union committed to:
- Putting members first
- Supporting employees
- Strengthening communities
- Delivering personal service
- Helping people improve their financial well-being
While this proposed merger creates new opportunities for the future, it is also about preserving what matters most: the relationships, trust, and commitment that members have come to expect from FMCU.
Why PenAir?
PenAir Credit Union has been serving members since 1936 and today serves communities across Alabama, Florida, and Virginia.
Throughout this process, it became clear that both organizations share the same beliefs about how a credit union should operate and how members should be treated.
Both organizations believe:
- Members come first
- Financial institutions should strengthen communities
- Success is measured by service, not profit
- Relationships matter
Those shared values are what make this proposed partnership such a strong fit.
What Does This Mean for Me Now?
For now, very little changes.
You can continue:
- Using your accounts
- Using your debit and credit cards
- Visiting your local branch
- Accessing digital banking
- Working with the employees you know and trust
Most importantly: There is nothing you need to do today.
Any future changes that require action on your part, we will provide clear information and plenty of advance notice.
Looking Ahead
Once approved, the proposed merger will create a stronger organization with greater resources to serve members throughout Alabama, Florida, and Virginia.
Benefits include:
- Expanded branch locations, call center with extended hours (including Saturdays),
- Greater flexibility in how you bank with PenAir’s Virtual Branch
- Expanded ATM network with MoneyPass
- More support for your financial journey with FREE Certified Financial Counselors
- A broader range of financial services including Wealth Management, business lending, and treasury management
- Continued investment in products and services
- Ongoing investment in communities
- Continued personal service from knowledgeable employees
Most importantly, we believe this partnership creates opportunities for the future while honoring the legacy that FMCU members have helped build.
Leadership
We believe it’s important for members to know the people who will help guide the future of the combined credit union.
Lee Morgan will serve as president and CEO of the combined organization. During the integration period, Angela Smith, president and CEO of Fort McClellan Credit Union, will serve as President, Fort McClellan Division. In this role, she will help support the transition and continue representing the members, employees, and communities that have made FMCU successful for more than 70 years.
Lee Morgan
PenAir Credit Union
President/CEO
Since joining PenAir in 2021, Lee has led the credit union’s continued growth while remaining focused on the things that matter most: serving members, supporting employees, strengthening communities, and helping people improve their financial well-being.
Lee brings more than two decades of credit union leadership experience. Prior to joining PenAir, he served as president and CEO of both ValleyStar Credit Union and Southeastern Federal Credit Union. Throughout his career, he has been a strong advocate for community-focused banking and the credit union philosophy of putting people before profits.
Under Lee’s leadership, PenAir has continued investing in technology, employee development, financial education, community partnerships, and member service across the communities it serves.
Most importantly, Lee believes a credit union should be more than a place to conduct financial transactions. It should be a trusted partner that helps people achieve their goals and build stronger financial futures.
What Happens Next?
The proposed merger must still receive:
- Regulatory approval
- Approval from eligible FMCU members
A special meeting for the FMCU member vote is currently anticipated in early 2027, although the exact timing will depend on the regulatory approval process. Additional information about the vote, including important dates, eligibility requirements, and voting instructions, will be shared well in advance so members have the information they need to make an informed decision.
Once regulatory and membership approval is complete, the legal merger is currently anticipated in the first half of 2027, with operational integration continuing in phases after that date and through 2028.
Until then, FMCU and PenAir remain separate credit unions, and members should continue banking as they normally do. We are committed to keeping members informed throughout the process and will continue sharing updates as new information becomes available.
Learn More About PenAir
We encourage members to learn more about PenAir Credit Union, our shared vision for the future, and what this proposed partnership means.
There you’ll find:
- Information about PenAir, merger updates, timeline information
Frequently Asked Questions
A decision like this naturally brings questions, and we’re committed to keeping you informed every step of the way.
You may be wondering: What do I need to do today? Is my money safe? What happens to my accounts? Why was PenAir chosen?
We’ve put together a comprehensive Member FAQ to help answer these questions and provide additional information about the proposed merger, the timeline, and what members can expect moving forward.