Credit union · NCUA insured
Innovations Financial Credit Union
Top CarrotA $674M credit union headquartered in Panama City, FL, with 27,575 members and 9 branches in Florida. Best rates: CDs 4.00% and savings 0.25% APY.
Innovations Financial Credit Union Carrot Score
Carrot ScoreTop Carrot
Higher than 99% of U.S. banks and credit unions
#1 of 14 in Panama City, FL metroHow the score works →
Deposits are federally insured by the NCUA up to $250,000 per depositor.
About Innovations Financial Credit Union
Innovations Financial Credit Union is located in Panama City and serves Florida's Bay, Holmes, Washington, Jackson, Calhoun, Gulf, Walton, Okaloosa, Franklin, and Liberty counties.
- Headquarters
- 101 E 23rd St, Panama City, FL 32405-4501
- NCUA charter
- 68732
Membership
Who can join
This may be incomplete or out of date, so check with the credit union before you apply.
Where you live or work
- Membership is open to individuals who live, work, attend school, or worship in the Florida counties of Bay, Holmes, Washington, Jackson, Calhoun, Gulf, Walton, Okaloosa, Franklin, or Liberty.
Employers and groups
- Businesses with an office in the membership counties are eligible for membership.
- Businesses, organizations, and associations where a member of the Credit Union is an owner, shareholder, member, or partner are eligible for membership.
Family and household
- Immediate family members of eligible individuals are eligible for membership.
Other ways
- Trusts where a member of the Credit Union serves as settlor, trustee, or beneficiary are eligible for membership.
Cost to join
- A minimum deposit of $5 is required for a Business Savings account.
- A minimum deposit of $5 into a Savings account is required to establish and maintain membership.
Branches
9 branches in Florida
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Florida
9 branches
Panama City area · 8
- Innovations FCU-Chipley976 Main St, Chipley, FL 32428Directions
- Innovations FCU-Lynn Haven2250 S Highway 77, Lynn Haven, FL 32444Directions
- Innovations FCU-Callaway123 N Tyndall Pkwy, Panama City, FL 32404Directions
- Innovations FCU-Harrison1038 Harrison Ave, Panama City, FL 32401Directions
- Innovations FCU-West 23RD512 W 23rd St, Panama City, FL 32405Directions
- Innovations FCU-Back Beach17900 Panama City Beach Pkwy, Panama City Beach, FL 32413Directions
- Innovations FCU-Middle Beach12501 Hutchison Blvd, Panama City Beach, FL 32407Directions
- Innovations FCU-Navy BLVD910 Navy Boulevard, Panama City Beach, FL 32408Directions
Bonifay area · 1
- Innovations FCU-Bonifay402 N Waukesha ST, Bonifay, FL 32425Directions
Walk-in offices from the NCUA directory as of March 31, 2026. Directions open Google Maps. A nearby branch doesn’t mean you can join or open an account.
Financial details
| Measure | This credit union | Peers’ middle | Strongest quarter |
|---|---|---|---|
| CapitalNet worth ratio | 9.49% | 11.43% | 13.58% or more |
| Troubled loans60+ days late | 0.14% | 0.68% | 0.39% or less |
| ProfitabilityReturn on assets | 0.87% | 0.75% | 1.18% or more |
| LendingLoans per $100 deposited | $87 | $76 | — |
- CapitalNet worth ratio9.49%Peers’ middle 11.43% · Top 25% 13.58%+
- Troubled loans60+ days late0.14%Peers’ middle 0.68% · Top 25% ≤0.39%
- ProfitabilityReturn on assets0.87%Peers’ middle 0.75% · Top 25% 1.18%+
- LendingLoans per $100 deposited$87Peers’ middle $76
Compared with the 1,338 credit unions with $100 million to $1 billion in assets. The strongest quarter is what the best 25% of them reach: more capital and profit, fewer troubled loans. Lending has no better end.Troubled loans are loans 60 or more days late.
Regulators’ own ratings of Innovations Financial Credit Union are confidential. These figures are what it reports to the NCUA each quarter, set beside its peers; they aren’t a rating.