Innovations Federal Credit Union
Popular Accounts at this Credit Union
| APY | ACCOUNT TYPE | ACCOUNT NAME |
|---|---|---|
| 0.00% | Reward Checking | Ignite Rewards Cash Back Checking 1.95% - National Average |
| 0.45% | 1-year CD | 12 Month Non-Compounding CD 1.80% - Ally Bank No Penalty 11-Month CD |
| 0.20% | Savings | Share (savings) Account 1.65% - Barclays Online Savings Account |
Innovations Federal Credit Union is headquartered in Panama City and is the 45th largest credit union in the state of Florida. It is also the 1,070th largest credit union in the nation. It was established in 1952 and as of March of 2018, it had grown to 69 employees and 19,513 members at 6 locations. Innovations Federal Credit Union has a B+ health rating.
Field of Membership Restrictions
Membership is open to those who live, work, worship, attend school or volunteer in Bay County. Membership is also open to immediate family of existing members and those eligible for membership.
See current membership details
Related Posts
Data as of Q1 2018
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 7783 |
| Year Chartered | 1952 |
| Employees | 69 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.45% |
| Return on Equity - YTD | 5.09% |
| Annual Interest Income | $2.1MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2018vs Q1 2017 | $196.1MM$190.1MM |
| Loans | Q1 2018vs Q1 2017 | $150.5MM$128.9MM |
| Deposits | Q1 2018vs Q1 2017 | $176.1MM$171.1MM |
| Equity Capital | Q1 2018vs Q1 2017 | $17.0MM$16.4MM |
| Loan Loss Allowance | Q1 2018vs Q1 2017 | $1.6MM$1.4MM |
| Unbacked Noncurrent Loans | Q1 2018vs Q1 2017 | $765.00K$591.00K |
| Real Estate Owned | Q1 2018vs Q1 2017 | $24.00K$35.00K |
Always verify rates and promotions with the bank or credit union. We are not Innovations Federal Credit Union; we are a rate comparison website and cannot provide official rates or promotions.
* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
Innovations Federal Credit Union Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.25% | - | - | IRA Contributory | |
| 0.20% | $100 | - | Share (savings) Account |
Innovations Federal Credit Union Money Market Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.25% | $1k | - | Money Market |
Innovations Federal Credit Union Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.10% | - | - | Share Draft (checking) Account | |
| 0.00% | - | - | Ignite Rewards Cash Back Checking |
Innovations Federal Credit Union CD Rates
Innovations Federal Credit Union IRA Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 1.01% | $1k | - | 36 Month Compounding IRA | |
| 0.85% | $1k | - | 24 Month Compounding IRA | |
| 0.50% | $1k | - | 18 Month Compounding IRA | |
| 0.45% | $1k | - | 12 Month Compounding IRA |
| Innovations Federal Credit Union Locations | ||
|---|---|---|
| Branch Office | 2250 S Highway 77 | Lynn Haven, FL 32444-4620 |
| Branch Office | 910 Thomas Dr | Panama City, FL 32408-7442 |
| Branch Office | 700 W 23rd St | Panama City, FL 32405-3936 |
| Branch Office | 1038 Harrison Ave | Panama City, FL 32401 |
| Branch Office | 864 N Tyndall Pkwy | Panama City, FL 32404-9407 |
| Branch Office | 17900 Panama City Beach PKwy | Panama City Beach, FL 32413-5503 |