C
Innovations Financial Credit Union
Rating Date
May 2024
Net Capital
Ratio
Leverage
Ratio
Return On
Assets
Total
Assets
Capital
Total
Deposits
Net
Income
Weiss Ratings Innovations Financial Credit Union
Panama City, FL
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Rating C
Asset Quality Index 9.50
Capitalization Index 4.10
Liquidity Index 3.90
Profitability Index 3.90
Stability Index 5.30
Company Info Innovations Financial Credit Union
Panama City, FL
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NCUA Charter Number 1682
Phone Number (850) 233-4400
Website www.innovationsfcu.org
Asset Quality Innovations Financial Credit Union
Panama City, FL
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1-Year Asset Growth 58.19%
5-Year Asset Growth 10.20%
5-Year Charge-Offs to Average Loans 0.18%
Charge-Offs to Average Loans 0.39%
Non-Performing Assets to Assets 0.18%
Non-Performing Loans to Capital 2.75%
Non-Performing Loans to Loans 0.10%
Balance Sheet Innovations Financial Credit Union
Panama City, FL
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Total Assets 645.99M
Total Deposits 585.74M
Capital and Reserves Innovations Financial Credit Union
Panama City, FL
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Capital 41.22M
Leverage Ratio 8.46
Loan Loss Reserves to Loans 0.46%
Liquidity Innovations Financial Credit Union
Panama City, FL
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Hot Money Ratio 21.62%
Liquidity Ratio 23.90%
Profitability Innovations Financial Credit Union
Panama City, FL
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5-Year Return on Average Assets 1.30%
Net Income 1.92M
Net Interest Spread 3.85%
Operating Profit to Average Assets 0.86%
Overhead Efficiency Ratio 79.98%
Return on Assets 0.52%
Return on Equity 6.31%