Pensacola, Fla. (April 10, 2026) — As PenAir Credit Union (PenAir) marks 90 years of service, the organization is celebrating the milestone not by looking back, but by investing in the future of the community it has called home for nearly a century.

Earlier this week, PenAir joined Pensacola Habitat for Humanity and community leaders to break ground on Hancock Meadows, a new 33‑home affordable housing neighborhood in Escambia County. As part of the groundbreaking, PenAir announced a $120,000 contribution supporting both a community greenspace and the sponsorship of a Habitat home; investments that reflect the credit union’s long‑standing commitment to building strong, connected communities.

“This year marks a very meaningful milestone for PenAir, our 90th anniversary,” said Delbert Lee Morgan, President and CEO of PenAir Credit Union. “As we reflected on how to celebrate, we knew we didn’t want to simply look back. We wanted to invest forward in something that strengthens families and brings people together.”

The Hancock Meadows development, located off Hancock Lane, will include 33 homes designed to serve working and low‑ to moderate‑income families, with six homes reserved for military members and their families. The neighborhood is expected to feature multiple homeownership models and shared community spaces that encourage connection and long‑term stability.

PenAir’s contribution will fund two cornerstone elements of the neighborhood: a central greenspace intended to serve as a place for neighbors to gather and connect, and a sponsored Habitat home that will initially serve as a model for the development before ultimately being purchased by a Habitat family.

“For 90 years, PenAir has existed for one reason, to serve people and strengthen the communities we call home,” Morgan said. “Homes are essential, but community is what turns a neighborhood into a place people are proud to belong. This investment honors our past while helping shape a stronger future.”

The project also holds special significance for PenAir given the credit union’s deep roots in serving military families. Founded to support both military and civilian communities, PenAir has long prioritized initiatives that provide stability and opportunity to those who serve.

“Supporting military families has always been part of who we are,” Morgan added. “We’re proud that this neighborhood will offer military families a place to put down roots and build long‑term security.”

Pensacola Habitat for Humanity leaders noted that Hancock Meadows represents one of the organization’s largest neighborhood projects in recent years and comes at a critical time as housing affordability challenges continue across Escambia County.

As PenAir celebrates its 90th year, the credit union plans to continue highlighting partnerships and initiatives that reflect its core values of Respect, Service and Communerosity®, and its purpose of enhancing lives.

“Our anniversary isn’t just about longevity,” Morgan said. “It’s a reaffirmation of our commitment to show up today, tomorrow and for generations to come.”