Headquartered in Panama City, Florida, Innovations Financial Credit Union is a federally insured state-chartered credit union with $696.1M in total assets and $625.8M in member shares and deposits as of Q2 2026. It operates 10 offices. Its charter dates back to 1952.
Based on its Q2 2026 filing, Innovations Financial Credit Union scores 67/100, which we describe as moderate. That is higher than only 41% of 1,341 credit unions with $100 million – $1 billion. Among 107 credit unions headquartered in Florida, it ranks 68th. Its strongest component is problem-loan coverage (97/100; 1.3%), and its lowest is capital cushion (45/100; 9.49%).
TellerScore · Q2 2026
Scorecard
The TellerScore is our own summary of the figures this institution reports publicly; it is not issued or endorsed by any government agency. It is not a prediction, and deposits within insurance limits are protected either way.
9 quarters
Health trend
The score has been essentially flat from Q2 2025 to Q2 2026 (67 → 67).
Show as table
| Quarter | TellerScore |
|---|---|
| Q2 2024 | 65 |
| Q3 2024 | 63 |
| Q4 2024 | 66 |
| Q1 2025 | 72 |
| Q2 2025 | 67 |
| Q3 2025 | 67 |
| Q4 2025 | 67 |
| Q1 2026 | 67 |
| Q2 2026 | 67 |
Show as table
| Quarter | Net worth ratio |
|---|---|
| Q2 2024 | 9.25% |
| Q3 2024 | 9.25% |
| Q4 2024 | 9.99% |
| Q1 2025 | 9.75% |
| Q2 2025 | 9.45% |
| Q3 2025 | 9.56% |
| Q4 2025 | 9.64% |
| Q1 2026 | 9.59% |
| Q2 2026 | 9.49% |
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| Quarter | Delinquent loans (60+ days) |
|---|---|
| Q2 2024 | 0.27% |
| Q3 2024 | 0.27% |
| Q4 2024 | 0.11% |
| Q1 2025 | 0.14% |
| Q2 2025 | 0.14% |
| Q3 2025 | 0.13% |
| Q4 2025 | 0.14% |
| Q1 2026 | 0.11% |
| Q2 2026 | 0.14% |
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| Quarter | Return on assets |
|---|---|
| Q2 2024 | 0.70% |
| Q3 2024 | 0.47% |
| Q4 2024 | 0.41% |
| Q1 2025 | 1.24% |
| Q2 2025 | 0.85% |
| Q3 2025 | 0.83% |
| Q4 2025 | 0.81% |
| Q1 2026 | 0.71% |
| Q2 2026 | 0.85% |
| Quarter | Score | Assets | Capital | Problem loans | ROA | Loans/deposits |
|---|---|---|---|---|---|---|
| Q2 2026 | 67 | $696.1M | 9.49% | 0.14% | 0.85% | 86.6% |
| Q1 2026 | 67 | $674.0M | 9.59% | 0.11% | 0.71% | 88.4% |
| Q4 2025 | 67 | $651.9M | 9.64% | 0.14% | 0.81% | 88.5% |
| Q3 2025 | 67 | $625.3M | 9.56% | 0.13% | 0.83% | 91.2% |
| Q2 2025 | 67 | $620.3M | 9.45% | 0.14% | 0.85% | 87.5% |
| Q1 2025 | 72 | $609.8M | 9.75% | 0.14% | 1.24% | 85.2% |
| Q4 2024 | 66 | $615.0M | 9.99% | 0.11% | 0.41% | 80.9% |
| Q3 2024 | 63 | $473.1M | 9.25% | 0.27% | 0.47% | 88.0% |
| Q2 2024 | 65 | $473.1M | 9.25% | 0.27% | 0.70% | 88.0% |
1,341 peers · $100 million – $1 billion
How it compares with peers
Percentile against credit unions of similar size nationwide (100th = best among peers; for ratios where lower is better, the scale is flipped).
Similar-size credit unions in Florida
| Institution | Score | Assets | Capital | Problem loans | Compare |
|---|---|---|---|---|---|
| We Florida Financial Credit UnionCredit union Fort Lauderdale, FL | 68 out of 100, Moderate | $700.5M | 10.7% | 0.65% | vs |
| Radifi Federal Credit UnionCredit union Jacksonville, FL | 62 out of 100, Moderate | $715.2M | 9.6% | 0.45% | vs |
| Insight Credit UnionCredit union Winter Springs, FL | 58 out of 100, Moderate | $629.1M | 10.2% | 1.13% | vs |
| Floridacentral Credit UnionCredit union Tampa, FL | 56 out of 100, Moderate | $621.8M | 7.8% | 0.69% | vs |
| Champions First Credit UnionCredit union Tallahassee, FL | 60 out of 100, Moderate | $540.7M | 10.8% | 1.27% | vs |
| Tampa Bay Federal Credit UnionCredit union Tampa, FL | 52 out of 100, Below average | $493.9M | 10.5% | 1.78% | vs |
Deposit insurance
Is my money safe at Innovations Financial Credit Union?
Yes. Innovations Financial Credit Union is a federally insured credit union (NCUA charter #68732). Deposits are insured by the National Credit Union Share Insurance Fund up to $250,000 per member, per insured credit union, for each account ownership category.
An estimated 25.6% of shares and deposits ($159.9M) are above the $250,000 NCUA insurance limit, above the peer median of 6%. Insured balances are protected regardless of the score.
The net worth ratio is 9.49%, above the 7% level regulators use as the "well capitalized" benchmark for this measure.
10 locations
Branches
Innovations Financial Credit Union lists 10 offices in 5 cities. Most locations:
- Panama City, FL (4)
- Panama City Beach, FL (3)
- Bonifay, FL (1)
- Chipley, FL (1)
- Lynn Haven, FL (1)
HMDA 2025
Mortgage lending
In 2025, Innovations Financial Credit Union reported 228 home-loan applications under HMDA (LEI 5493002P2P2WON3W9P39): 134 originated ($36,000,000 total), 31 denied, and 63 withdrawn or closed by the applicant. Its denial rate on decided applications was 18.8%, compared with 22.2% for all lenders nationwide.
Denial rates depend heavily on loan type and applicant mix and are not a measure of fairness or of your own odds.
Identity & history
Profile
- Legal name
- Innovations Financial Credit Union
- Type
- Federally insured state-chartered credit union
- NCUA charter #
- 68732
- RSSD ID
- 144388
- Primary regulator
- State + NCUA
- Established
- 1952
- Headquarters
- P. O. Box 15529, Panama City, FL 32406
- Employees
- 99
Quick answers
Innovations Financial Credit Union: common questions
Is Innovations Financial Credit Union NCUA insured?
Yes. Innovations Financial Credit Union is a federally insured credit union (NCUA charter #68732). Deposits are insured by the National Credit Union Share Insurance Fund up to $250,000 per member, per insured credit union, for each account ownership category.
What is Innovations Financial Credit Union's TellerScore?
67 out of 100 (Moderate), based on its Q2 2026 publicly reported figures. The TellerScore is our own summary and is not issued by any government agency.
How many branches does Innovations Financial Credit Union have?
10 offices as of the latest NCUA data.
Nearby
Highest-scoring banks and credit unions with branches near Panama City
| Institution | Score | Assets | Capital | Problem loans | Compare |
|---|---|---|---|---|---|
| Tyndall Federal Credit UnionCredit union Panama City, FL | 89 out of 100, Very strong | $1.9B | 13.6% | 0.26% | vs |
| Panhandle Credit UnionCredit union Panama City, FL | 87 out of 100, Very strong | $367.9M | 13.5% | 0.27% | vs |
| Hello Credit UnionCredit union Panama City, FL | 80 out of 100, Strong | $159.9M | 14.3% | 0.32% | vs |
| Centennial BankBank Conway, AR | 79 out of 100, Strong | $24.6B | 12.6% | 0.55% | vs |
| Loyalty Credit UnionCredit union Pensacola, FL | 75 out of 100, Strong | $300.3M | 11.6% | 0.66% | vs |
| Southeast First National BankBank Summerville, GA | 74 out of 100, Strong | $74.9M | 11.7% | 0.06% | vs |