Innovations Financial Credit Union
Major Rating Factors:
A current level of 2.8 percent of nonperforming loans to core capital combined with 2.0 percent from a year earlier contributes to the Excellent asset quality (9.4). A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to a Good overall stability index (6.3 on a scale of 0 to 10).
Other Rating Factors:
Good current capitalization (6.0 on a scale of 0 to 10) based on a net capital to total assets of 8.4 and a net worth ratio of 8.4. Operating profits as a percentage of assets at 0.9%, coupled with a return on assets of 0.6 has resulted in Fair (5.0) profitability.
Asset Mix:
Home mtgs (26%), consumer loans (26%), other (48%)
Asset Quality
Non-Performing Loans to Capital
Non-Performing Assets to Assets
Non-Performing Loans to Loans
Loan Loss Reserves to Loans
Charge-Offs to Average Loans
5-Year Charge-Offs to Average Loans
5-Year Asset Growth
1-Year Asset Growth
Profitability
Operating Profit to Average Assets
Return on Equity
Net Interest Spread
5-Year ROAA (Return on Average Assets)
Overhead Efficiency Ratio
Corporate Info
Address
910 Thomas Drive
Panama City, FL 32408
Panama City, FL 32408
Phone Number
(850) 233-4400
NCUA Charter Number
Website
Largest Competitors
Tampa, FL
Jacksonville, FL
Panama City, FL
Panama City, FL
Panama City, FL