P O BOX 15529
Panama City, FL 32406


2019 Overview

General Credit Union Information

NCUA Insured Yes
Charter Number # # 7783
Date Established 1952
Assets $272.46 million
Loans $162.81 million
Deposits $244.88 million
Capital $19.45 million

Innovations is an NCUA insured institution located in Panama City, FL. It was founded in 1952 and has approximately $272.46 millions in assets.

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.

Deposit Rates - September 14, 2019

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates (Share Account Rates) APY MIN MAX
Money Market
0.25% $1,000 - Learn MoreShow Less
Fixed IRA
0.45% $1,000 - Learn MoreShow Less
CD Rates (Share Certificate Rates) APY MIN MAX
3 Mo CD
0.15% $1,000 - Learn MoreShow Less
6 Mo CD
0.20% $1,000 - Learn MoreShow Less
12 Mo CD
0.45% $1,000 - Learn MoreShow Less
18 Mo CD
0.50% $1,000 - Learn MoreShow Less
24 Mo CD
0.85% $1,000 - Learn MoreShow Less
36 Mo CD
1.01% $1,000 - Learn MoreShow Less
Variable IRA Rates APY MIN MAX
0.25% $1 $9,999 Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.10% $1 - Learn MoreShow Less

Loan Rates - September 14, 2019

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for INNOVATIONS

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:

Featured - Virginia 30 Year Fixed Mortgage Rates 2019

Lender APR Rate (%) Points Fees Monthly
Learn More
NMLS ID: 2890
License#: MC-3098
3.751% 3.750% 0.00 $25 $1,158 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2019

Lender APR (%)? Monthly Payment? Learn More
Figure Home Equity Line
Figure Home Equity Line
0.000 %
$0 Learn More
More Info

To upload and update your bank's rates please register. It is free to register and add rates.


Below are Innovations branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:

Innovations Locations

Financial Details

Innovations Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Innovations. The data is provided by the NCUA. All credit unions on BestCashCow, except those specified as not NCUA-insured in the overview section above, are NCUA-insured. Depositors should be careful to remain within NCUA insurance limits.

Texas Ratio
Innovations U.S. Average
8.16% 6.77

The Texas Ratio compares the amount of loans at risk and assets repossessed with the amount a credit union has on hand to cover any losses. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a credit union has to absorb its loan losses.

As of March 31, 2019, Innovations had $1,481,283 in non-current loans and $216,373 in owned assets. To cover these potential losses it had $19,454,400 in net worth and $1,360,055 in loans loss reserves. That gives it a Texas Ratio of 8.16%.

Net Worth
Innovations U.S. Average
7.94% 13.47%

Innovations FCU has a net worth of 7.94% versus the BestCashCow average of 13.47. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.

Frequently Asked Questions About Innovations

Branches and Savings

What is Innovations?

A federal credit union, registered with the NCUA under certificate #7783.
Learn more about credit unions here.

Is Innovations FDIC insured?

No, credit unions are not insured by the FDIC. They are insured by the National Credit Union Administration. The insurance provisions of the NCUA are similar to, but not identical to, FDIC insurance.

Who can join Innovations?

Please see Field of Membership information above for information on who is eligible to join.

What are Innovations's share account and share certificate rates?

Innovations's deposit account rates are listed above.
You may find better online savings rates here or better local savings rates at banks or credit unions. Tables with the best CD rates are here.

How big is Innovations?

Innovations has total capital of $19.45 million. Full information on Innovations's financial position is located above.

Who owns Innovations?

Credit Unions are owned by their members.

Where are Innovations branches located?

See branch locations nearby.

Are Innovations ATMs Open 24/7?

Do Innovations ATMs accept cash deposits?

Can Innovations customers use other ATMs? What is the charge for withdrawing money from another ATM?

Does Innovations have a mobile app?

Does Innovations have mobile deposit?

Does Innovations have quick pay?

How can Innovations transfer money to other banks or credit unions?

Does Innovations report to credit bureaus?

Does Innovations use Chexsystems?

Does Innovations use Equifax?

What is Innovations's toll free phone number?

What is Innovations's ACH Routing Number?

What is Innovations's SWIFT code?

Where can I find Innovations's wire transfer form?

What is the Innovations address for deposits?

What Products Does Innovations Offer

Does Innovations offer mortgages?

Compare mortgage rates here.

Does Innovations offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Innovations offer auto and RV loans?

Compare auto loan rates here.

Does Innovations offer student loans or personal loans?

Compare personal loan rates here.

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