Sep, 30, 2025 — INNOVATIONS FINANCIAL FEDERAL CREDIT UNION is a federally insured state chartered credit union headquartered in PANAMA CITY BEACH, FL with 9 branch locations and about $625.33 million in total assets. Opened 74 years ago in 1952, INNOVATIONS FINANCIAL FEDERAL CREDIT UNION has about 26,822 members and employs 103 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | INNOVATIONS FINANCIAL FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 910 Navy Boulevard PANAMA CITY BEACH, FL 32408-7442 |
| Phone: | (850) 233-4400 |
| Fax: | |
| Website: | https://www.innovationsfcu.org |
| Branches: | 9 branch locations |
| Members: | 26,822 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 68732 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1952 |
| Last Audited: | Jun 01, 2025 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $625,332,972 |
| CEO/Manager: | David Southall |
| Chairperson: | Joshua Scribner |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 25,696,890 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 332,182,654 |
| Unsecured Loans | 21,319,661 |
| Other Loans | 157,283,067 |
| TOTAL LOANS | 510,785,382 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,998,650 |
| Land And Building | 18,655,957 |
| Other Fixed Assets | 1,140,328 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 4,234,833 |
| All Other Assets | 267,450 |
| TOTAL ASSETS | 625,332,972 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 6,402,755 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 13,000,000 |
| Share Drafts | 130,048,091 |
| Regular shares | 122,313,682 |
| All Other Shares & Deposits | 307,615,830 |
| TOTAL SHARES & DEPOSITS | 559,977,603 |
| TOTAL LIABILITIES | 579,380,358 |
| Regular Reserve | 0 |
| Other Reserves | 2,101,807 |
| Undivided Earnings | 43,850,807 |
| TOTAL EQUITY | 45,952,614 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 625,332,972 |
| INCOME & EXPENSE | |
| Loan Income | 22,527,316 |
| Investment Income | 2,484,215 |
| Other Income | 4,608,532 |
| Total Employee Compensation & Benefits | 9,609,590 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 8,267,846 |
| Non-operating Income & (Expense) | -1 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,618,010 |
| Cost of Funds | 8,992,240 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 3,873,746 |
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