Innovations Financial Credit Union Panama City, Florida
Innovations Financial Credit Union is a state-chartered credit union headquartered in Panama City, FL, established in 1952 (NCUA charter 68732), and it is regulated and insured by the NCUA. At Q2 2026 it reported 28,108 members and total assets of $696.1M (up 12.2% from Q2 2025), the 32nd largest of 106 credit unions headquartered in Florida. Its net worth ratio was 9.49% at Q2 2026, in the well capitalized band.
Also written as Innovations Financial CU
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Data as of · sourced from NCUA 5300 call reports. How we update
- Charter
- State-chartered credit union
- Regulator
- NCUA
- Deposit insurance
- NCUA (NCUSIF)
- NCUA charter number
- 68732
- Headquarters
- Panama City, FL
- Established
- 1952
- Total assets, Q2 2026
- $696.1M
- Assets vs Q2 2025
- +12.2%
- Members, Q2 2026
- 28,108
- Net worth ratio, Q2 2026
- 9.49%
- Latest call report
- Q2 2026, NCUA 5300 · Innovations Financial Credit Union call report
- Asset rank in state
- 32nd of 106 in Florida
- Routing number
- 263281556
- Branches
- 10
It has 1,719 more members than on June 30, 2025 (+6.5%). Its net worth ratio was up 0.04 percentage points from 9.45% on June 30, 2025. 1- to 4-family residential and other consumer real estate loans are its largest loan category, $208.1M of $542.2M in total loans on its June 30, 2026 filing. Its 60-day delinquency ratio of 0.14% is below the 0.68% median of the 1,338 credit unions with $100M to $1B in assets for Q2 2026. Its 9.49% net worth ratio is below that band's 11.43% median.
Frequently asked about Innovations Financial Credit Union
How big is Innovations Financial Credit Union?
At Q2 2026 it reported total assets of $696.1M and 28,108 members.
Where is Innovations Financial Credit Union headquartered?
It is headquartered in Panama City, FL, United States.
When was Innovations Financial Credit Union founded?
It was established in 1952, per NCUA records.
Is Innovations Financial Credit Union FDIC insured?
No. The FDIC insures banks, not credit unions. It is a federally insured credit union (NCUA charter 68732): member shares are insured by the National Credit Union Share Insurance Fund, run by the NCUA, up to $250,000 per member, per insured credit union, for each account ownership category, the same limit the FDIC applies to bank deposits.
Who regulates Innovations Financial Credit Union?
It is a state-chartered credit union, supervised by its state credit union regulator and by the NCUA, which insures its shares.
Is Innovations Financial Credit Union well capitalized?
Its net worth ratio was 9.49% at Q2 2026, in the well capitalized band. NCUA considers a credit union well capitalized at a net worth ratio of 7% or higher.
What is Innovations Financial Credit Union's delinquency ratio?
Its delinquency ratio was 0.14% at Q2 2026: loans 60 or more days past due as a share of total loans.
What is Innovations Financial Credit Union's loan-to-share ratio?
Its loan-to-share ratio was 86.65% at Q2 2026: total loans as a share of member shares and deposits.
Credit Union Profile
- Headquarters
- Panama City, FL 32408
- Charter Type
- State-chartered credit union
- Primary Regulator
- NCUA
- Insurance
- NCUSIF
- Established
- 1952
- NCUA Charter #
- 68732
- RSSD ID
- 144388
- Members
- 28,108
- Potential members
- 666,316
Size & Membership
Profitability
Q2 annualizedCapital & Asset Quality
Peer comparison: credit unions of similar size
It ranks against 1,341 credit unions with $100M to $1B in assets, as of Q2 2026. It is in the top quartile on 2 of 7 ranked measures and in the bottom quartile on 2.
| Metric | This credit union | Peer median | Rank among peers |
|---|---|---|---|
| Net worth ratio Middle half of peers: 9.81% to 13.58% | 9.49% | 11.43% | 21st bottom |
| Return on assets Middle half of peers: 0.43% to 1.23% | 1.00% | 0.81% | 61st above |
| Return on equity Middle half of peers: 3.87% to 9.84% | 11.02% | 7.02% | 81st top |
| Net interest margin Middle half of peers: 3.30% to 4.10% | 3.40% | 3.70% | 31st below |
| Efficiency ratio Middle half of peers: 68.90% to 83.49% | 71.56% | 76.55% | 66th above |
| Cost of funds Middle half of peers: 0.92% to 1.56% | 1.96% | 1.24% | under 10th bottom |
| Delinquency ratio Middle half of peers: 0.39% to 1.12% | 0.14% | 0.68% | over 90th top |
| Yield on assets Middle half of peers: 4.53% to 5.37% | 5.36% | 4.92% | 74th position only |
| Loan-to-share ratio Middle half of peers: 62.05% to 86.41% | 86.65% | 75.66% | 75th position only |
Quarterly trends
Last 6 quarters of 5300 filings. Under each chart, Q2 2026 against Q2 2025. How these charts are built
$696.1M total assets against $620.3M; $625.8M total shares and deposits against $555.2M; $542.2M total loans against $485.6M.
$63.3M net worth against $57.8M.
9.49% net worth ratio against 9.45%.
86.65% loan-to-share ratio against 87.46%.
0.14% delinquency ratio against 0.14%.
1.00% return on assets against 0.49%; 11.02% return on equity against 5.25%.
3.40% net interest margin against 3.40%.
28,108 members against 26,389.
Quarterly trend: last 6 quarters
| Quarter | Net worth ratio | ROA | Delinquency | Loan-to-share |
|---|---|---|---|---|
| June 30, 2026 | 9.49% | 1.00% | 0.14% | 86.65% |
| March 31, 2026 | 9.59% | 0.71% | 0.11% | 88.41% |
| December 31, 2025 | 9.64% | 0.85% | 0.14% | 88.53% |
| September 30, 2025 | 9.56% | 0.78% | 0.13% | 91.22% |
| June 30, 2025 | 9.45% | 0.49% | 0.14% | 87.46% |
| March 31, 2025 | 9.75% | 1.24% | 0.14% | 85.22% |
Scroll sideways to see every column.
How we read these figures
Glossary: net worth ratio, delinquency, ROA, loan-to-share. The net worth category is ours, from NCUA's 7% well and 6% adequately capitalized cutoffs. It is not NCUA's determination, which can differ. ROA, ROE and margin annualize the quarter; NCUA's Financial Performance Report annualizes the year to date (YTD). Peer rank interpolates size-band percentiles. Methodology.