# INNOVATIONS FINANCIAL
PANAMA CITY, FL · NCUA charter 68732 · asset band $500M-1B · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/innovations-financial-68732

Who the members are: state charter, organized 1952, low-income designated. 27,575 members of 666,316 potential (4.1% of the field); checking penetration 82% (share draft accounts per 100 members); loans per 100 members 64.

**Verdict on the desk:** this could be *ordinary*. Composite score 1 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $674.0M |
| Members | 27,575 (6.3% YoY) |
| Full-time staff | 103 |
| Net worth | $61.7M |
| Net worth ratio | 9.2% (p23 of band) |
| ROA (annualized) | 0.71% (p57 of band) |
| Total delinquency | 0.11% (p4 of band) |
| Net charge-offs (annualized) | 0.30% (p37 of band) |
| Loans / shares | 88% (p72 of band) |
| Cash / assets | 10.0% |
| Borrowings / assets | 1.93% |
| Net interest margin | 3.33% (p42 of band) |
| Operating expense / assets | 3.61% (p53 of band) |
| Vehicles % of loans | 24% (p40 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 13% |
| Third-party paper % of net worth | 27% (p29 of band) |
| Vehicle delinquency | 0.17% (p8 of band) |
| Vehicle NCO | 0.81% (p49 of band) |
| Repossessed % of vehicle book | 0.03% (p46 of band) |
| Real estate % of loans | 39% |
| Credit cards % of loans | 3% |
| Unsecured % of loans | 4% |
| Commercial % of net worth | 246% |
| Core shares % of member funds | 41% |
| Certificates % of member funds | 35% |
| Average share balance | $10,339 |
| Participations bought / yr | $0 |
| Participations sold / yr | $12.0M |
| Participations outstanding | $28.2M |
| Loans outstanding per 100 members | 64% |
| Loans granted per 100 members, annualized | 18% |
| Average loan balance | $30,566 |
| Loans granted, annualized | $188.6M |

## Participation posture (from the same filings)

Bought $0 and sold $12.0M in the latest annualized quarter; $28.2M outstanding purchased (45.8% of net worth), $13.9M sold and retained. Sold in 3 and bought in 5 of the last 8 quarters. Shares 11.1% year over year.

## Flags firing in the latest filing

- **net worth falling** (`cap_falling`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2022-09 | 0 |  |  |
| 2022-12 | 1 | loans>95% of shares |  |
| 2023-03 | 0 |  | loans>95% of shares |
| 2023-06 | 1 | loans>95% of shares |  |
| 2023-09 | 1 |  |  |
| 2023-12 | 1 |  |  |
| 2024-03 | 3 | thin capital, net worth falling, margin squeeze | loans>95% of shares |
| 2024-06 | 3 | repo signal | net worth falling |
| 2024-09 | 3 |  |  |
| 2024-12 | 3 |  |  |
| 2025-03 | 1 |  | thin capital, margin squeeze |
| 2025-06 | 0 |  | repo signal |
| 2025-09 | 0 |  |  |
| 2025-12 | 0 |  |  |
| 2026-03 | 1 | net worth falling |  |

## In the news (Google News, unfiltered, newest first; check the city)

- 2026-06-26 [Innovations Financial CU Promotes McLane, Smiley to Director Roles - cutoday.info](https://news.google.com/rss/articles/CBMisgFBVV95cUxPOU9yTkY3eXdvam1fb3RGcnRkSXBRVUpkb04xM0RjV0RfRHNWVDZKTnVqNThjN3l0LUptODJWQWVOcnk1S1hXMXJyTFhKWjVnY2Y4U0pDWmpYSGx3U21sSDFjVXJBV1JDMDl2RXRlcUNEVWZaOGItc2E0eUdUVm5XRXFFQjl4RmVzYTYxWXQ1UFlMdDV3a1hrSzVWbGV3MmowaGJPMHlaVGtKWUpxVGpteDFR?oc=5) · cutoday.info
- 2024-08-26 [Innovations Financial Credit Union ranks #4 nationally among Best Credit Unions to Work For in 2024 - CUInsight](https://news.google.com/rss/articles/CBMi1gFBVV95cUxONlQtbm02SUpIQzJOd0ZObkxqSGpHLTZtcks3OC1LdUwxTVNIMWRRcERKRHdZSTZKVDZaMVRsZmR5SXBHdUg0dW85Z19hS01ickFJclVVQzl1eXZiMUh4T1dxMm9Jb3Q0WDNTVlpZVFZSSXBlY3d6UllHSDRud0JpaW1GekVKTE1DeWZmOTY0RFUyeGo2dWwyQjBXal9oNVNSQjBpQVd4MXpISV9FRVotQUVQWnNHNE1GZ09tR1d0c0hBQUMwUnhNY3R1alBkanJkOGlqQ3pR?oc=5) · CUInsight
- 2023-08-31 [Florida credit union buys local bank in 8th such deal of 2023 - Banking Dive](https://news.google.com/rss/articles/CBMiygFBVV95cUxOR1pOajBqZnBuRmJzNERCN0tOSXJULV82a1h6eDcyaDk4WlVDY2xiV3pPOVYxRzRVQ2J1ZnotUmJqYkF1UHRSMElWOEQ1V2x6d1o2Q2JVV0N5MURSVzBxaHdMSmFMMVpiLTgyYWM1OWR0MzZpX0p5SFZXeHdWc0ZkREJ6bkcyMGFkQTR1OTc2bWstRnpJdGhESXpIYTBrdHc5THI3WVJlLXRRWGRYb2hxaEhQdWxrVGRuZVFpdjFXZVZORTQxSEFmZmJR?oc=5) · Banking Dive
- 2025-11-28 [MidFlorida Credit Union led the state in asset growth this year - The Business Journals](https://news.google.com/rss/articles/CBMimgFBVV95cUxNWnVOYl8yN2pjOG5SRVI4dlVvZWlZSXNzcy11MTVYY0VZOXFyb1RJeVV5TmY2RTctZ2R0NkFVLXNnSlN4bzhTcHJ1T1RycFZzNW96UkZJZ3dnbVVidXBwV2pJZUxxRzBrVGt1cmxiem9pa3FGMTBoVTAyVFhuTWRndzFObndJOVNmTXlmM3paaThRcENxODMwcW9B?oc=5) · The Business Journals
- 2023-09-01 [Best Credit Unions to Work For with $200M to $500M of assets - American Banker](https://news.google.com/rss/articles/CBMiqwFBVV95cUxPWXFzUjQyU2xFbS1iV3NtVDlqRmJRNHRvbWtqZUR3dkpZSWpvSmJyd2FxOHl0VkcxUy1tNjAxMXg1UTF4NG1tY3ZxdF92MG5tRWVzVjlxVEE0Vlc1YjVZLW1kTEphczR2b2FJd0NlQnNmc2hjOGNnSkVZV3ZLQ0pyV1NnWlhVV2lXS2QxdzZpV0VpV1NDamJBcVR3S0NXVmJqUl9BN2FZOTBITWc?oc=5) · American Banker
- 2026-08-26 [American Banker Names the 2026 Best Credit Unions to Work For - Benzinga](https://news.google.com/rss/articles/CBMilwFBVV95cUxONmZJSVY2ejJ6NTBZQjJ1RnhnU2tTT21oaGJVUHJqWEJsUHdSN0t3TFVDYlhaM3dYdklZNnpRX05pSkM3NlhPMERDbU5mam5ETVlRbG5DUXU4YThsVDFqVWlLdkdxdVpIU2JoNTFnMlJ5VkdKcEJMTGpTY3RhZXBkb0RtS1JhcEJySTNCM1RpWFhsbzh5NVV3?oc=5) · Benzinga
- 2024-08-25 [Best Credit Unions to Work For 2024, ranked 1-35 - American Banker](https://news.google.com/rss/articles/CBMilgFBVV95cUxPaHA5cllGQ2xhLVVGWFJTVTVYVTdkVG5jZlpxZllYSEI4NktzT1ZyZC1FNFdjVUdyZnlkM0hxQ1lOc2VXbTNZSzJ3b2hoQUM3cnd1VEQxVkRma3ZwOGp4Tkw3TGxmMGZsb0VZQ0dfakZLLTRwaktMUnZCZ0d0U1dWLU5iMXBtUm5wY3A2dVhSbTVEc2JvcXc?oc=5) · American Banker
- 2025-11-29 [Glenda E. Warren Obituary (2025) - Panama City, FL - Kent-Forest Lawn Funeral Home and Cemeteries - legacy.com](https://news.google.com/rss/articles/CBMiggFBVV95cUxOWkh0VWk1dGZ4amZUTFNqU3RxbXRIay0ycktIR1RLWDZER1k5WldWQ3JQNTlzMlpBZzFJYTA1TXdyenBQRjh5b0RLYTRUR0dKMkRySWFrcHExSkg2NVZMN0FTVDRSaFVxejczU2NZV0p4WDJiTzdFamQ1ZVZxeUFhMkpR?oc=5) · legacy.com

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=68732 (every cell opens its formula and NCUA account codes; the News tab is the same search)
- Latest row, JSON: https://getbookiq.com/cu-intel/data/summary.json · history: https://getbookiq.com/cu-intel/data/h/60.json (key "68732", columns cycle, assets, loans, shares, networth, nwr, roa, total_dq_pct, total_nco_pct, vehicle, veh_pct_loans, indirect, ind_pct_veh, ind_veh, ind_re, ind_comm, ind_other, ind_pct_loans, loans_n, granted_n_ytd, granted_ann, loan_pen, granted_pen, avg_loan_bal, loans_per_fte, veh_part, tp_pct_nw, veh_dq_pct, veh_nco_pct, repo_pct_veh, members_yoy, ltos, cash_pct, borrow_pct, nim_pct, opex_pct, risk_score, members, fte, cash_total, invest_sec, allowance_eff, int_income_ytd, int_exp_ytd, provision_eff_ytd, nonint_income_ytd, nonint_exp_ytd, net_income_ytd, n_flags, re_pct_loans, cc_pct_loans, comm_pct_loans, cert_pct_shares, core_pct_shares, part_buy_ann, part_sell_ann, pot_members, sh_draft_n, chk_pen, fom_pen, flags)
- Participation history: https://getbookiq.com/participation-desk/#cu=68732
- Field definitions: https://getbookiq.com/dictionary/#cu-ltos and the rest of the credit union dictionary
- Source: NCUA 5300 call report bulk files. Income fields are annualized by cycle month (Mar x4, Jun x2, Sep x4/3, Dec x1). Percentiles are within the asset band in the same quarter.

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Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide