Innovations Financial
Innovations Financial is a credit union based in Panama City, Florida, established in 1952, with $674 million in total assets serving 27,575 members. By Trust Grade it ranks 80th of 107 credit unions we track in Florida. Its net worth ratio of 9.6% trails most similarly sized credit unions (24th percentile), versus a Florida median of 11.1%. It was profitable over the most recent period, with a 0.71% return on assets. No consumer complaints against Innovations Financial appear in the CFPB database over our analysis window — common for an institution of this size and a point in its favor.
How Innovations Financial compares to Florida peers
How we graded Innovations Financial
The Trust Grade blends financial strength with complaint history. Full methodology →
- Well-capitalized (9.6% capital ratio)
- Profitable (ROA 0.71%)
- No CFPB complaints on record
Consumer complaints (CFPB)
No CFPB complaints are on file for Innovations Financial over the analysis window. For a smaller institution this is common and counts in its favor.
Are deposits at Innovations Financial insured?
Yes. Innovations Financial is an NCUA-insured credit union. Deposits are federally insured up to $250,000per depositor, per ownership category — regardless of this institution's Trust Grade. The grade reflects financial strength and complaint history for comparison, not the safety of insured deposits.
Innovations Financial: frequently asked questions
Is Innovations Financial a good credit union?
Innovations Financial earns a Bankzia Trust Grade of B (87/100, "Strong"), based on a financial-strength score of 87/100 (it has no CFPB complaints on record). Well-capitalized (9.6% capital ratio); Profitable (ROA 0.71%).
Is Innovations Financial NCUA-insured?
Yes. Innovations Financial is a NCUA-insured credit union. Deposits are protected up to the standard NCUA limit of $250,000 per depositor, per ownership category.
How big is Innovations Financial?
Innovations Financial holds $674 million in total assets, ranking 80th of 107 credit unions we track in Florida. It serves 27,575 members.
Does Innovations Financial have CFPB complaints?
No CFPB complaints against Innovations Financial appear in our data over the analysis window, which is typical for a credit union of this size.
Similar Credit Unions
Financial data from NCUA call reports; complaint data from the CFPB Consumer Complaint Database. Bankzia is an independent resource and is not affiliated with any government agency or financial institution. Figures are for general information, not financial advice.
