Charter 68732 · Panama City, FL
Innovations Financial Credit Union
Innovations Financial Credit Union is a state-chartered credit union in Panama City, Florida, with $696 million in assets and 28,108 members as of June 30, 2026, according to the call report it filed with NCUA. Its net worth ratio was 9.49%, well above the 7% that NCUA's rules treat as well capitalized.
- Total assets
- $696 million
- +12.2% in a year
- Members
- 28,108
- +6.5% in a year
- Net worth ratio
- 9.49%
- Peer median 10.79%
- Loans 60+ days late
- 0.14%
- Peer median 0.67%
- Loans outstanding
- $542 million
- +11.7% in a year
- Shares and deposits
- $626 million
- +12.7% in a year
- Branches
- 9
- 99 employees
- Opened
- 1952
- Florida charter
How Innovations Financial Credit Union compares
NCUA groups credit unions by size; Innovations Financial Credit Union is in the group with $500 million and up (759 credit unions). Its net worth ratio of 9.49% is lower than that group's median of 10.79%, and its share of loans 60 or more days past due, 0.14%, is lower than the group median of 0.67%. Loans grew 11.7% over the year to Q2 2026, against a group median of 5.3% growth.
By assets it ranks 33 of 107 credit unions headquartered in Florida. See all Florida credit unions.
Five quarters of figures
| Quarter | Assets | Members | Loans | Net worth ratio | 60+ days late |
|---|---|---|---|---|---|
| Q2 2026 | $696 million | 28,108 | $542 million | 9.49% | 0.14% |
| Q1 2026 | $674 million | 27,575 | $536 million | 9.59% | 0.11% |
| Q4 2025 | $652 million | 27,089 | $518 million | 9.64% | 0.14% |
| Q3 2025 | $625 million | 26,822 | $511 million | 9.56% | 0.13% |
| Q2 2025 | $620 million | 26,389 | $486 million | 9.45% | 0.14% |
Assets Members
Who can join
The field of membership is the group a credit union is allowed to serve: people who live or work in an area, employees of certain companies, members of an association, and their families. The credit union's own website has the exact rules. On its call report it estimates its field of membership at about 666,316 potential members. It holds NCUA's low-income designation, which lets it accept non-member deposits and raise secondary capital.
Credit unions that anyone in the US can join
Locations
NCUA's branch file lists 10 sites for Innovations Financial Credit Union. The branch count in the figures above comes from its call report, which is filed separately, so the two can differ slightly.
- Innovations FCU-Harrison
1038 Harrison Ave, Panama City, FL 32401 - Innovations FCU-East 23RD (main office)
101 E 23Rd St, Panama City, FL 32405 - Innovations FCU-West 23RD
512 W 23Rd St, Panama City, FL 32405 - Innovations FCU-Back Beach
17900 Panama City Beach Pkwy, Panama City Beach, FL 32413 - Innovations FCU-Callaway
123 N Tyndall Pkwy, Panama City, FL 32404 - Innovations FCU-Chipley
976 Main St, Chipley, FL 32428 - Innovations FCU-Lynn Haven
2250 S Highway 77, Lynn Haven, FL 32444 - Innovations FCU-Middle Beach
12501 Hutchison Blvd, Panama City Beach, FL 32407 - Innovations FCU-Navy BLVD
910 Navy Boulevard, Panama City Beach, FL 32408 - Innovations FCU-Bonifay
402 N Waukesha St, Bonifay, FL 32425
About these numbers
Figures come from the NCUA 5300 Call Report quarterly data for Q2 2026 (quarter ended June 30, 2026), which each credit union files itself. "60+ days late" is delinquent loans of two months or more divided by total loans. Peer medians are computed across every credit union in the same NCUA asset-size group. NCUA call report data · Methodology