Applications / Mortgage Analytics / Lenders / Florida / Innovations Financial Credit Union
Panama City Beach, FL · Credit union · NCUA · $652 million assets · 134 loans in 2025
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134
loans originated, 2025
228
applications, 2025
2
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Innovations Financial Credit Union rarely lends to home buyers, yet 10.5% of its loans were jumbos, a higher share than at nearly all similar lenders.
Purchases were only 7.5% of its loans. Other purposes took 46.3% and home improvement 26.1%. Jumbo loans (larger than the conforming limit) were 10.5%, against 0.0% at similar lenders (credit unions making between half and twice as many loans).
It has lent in Panama City-Panama City Beach since at least 1990 and ranks 14 of 443 lenders there, with 1.6%, down 0.1 points; DHI Mortgage Company led. Its own lower volume may account for the slip. Since its 2024 merger with First National Bank Northwest Florida, that bank's filings count in these share figures.
Originations fell 22%, from 171 to 134, while similar lenders grew 9%. The record does not show why; at this size, a small change in demand moves the total.
Low- and moderate-income (LMI) borrowers took 17.3% of its loans, against 29.0%, lower than at nearly nine in ten peers; its jumbo lending may draw better-off borrowers. But 21.1% of its loans were in LMI neighborhoods, against 17.3%, more than at about seven in ten.
Similar lenders: same lender type, originations between half and twice the lender's in the data year. Written from the 2025 HMDA data and checked figure by figure against it.
FIG. 1 — LOANS ORIGINATED, 2018–2025
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Innovations Financial Credit Union took 228 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Other 46.3% · Home improvement 26.1% · Refinance 20.1% · Purchase 7.5%
Conventional 100.0% · of 134 loans. Purchase: buying a home. Refinance: replacing an existing mortgage, including cash-out. FHA: insured by the Federal Housing Administration. VA: guaranteed by the Department of Veterans Affairs. Conventional: neither.
SOURCE: FFIEC HMDA 2025, LOANS ORIGINATED
Where it lends, 2025
| State | Loans | Share |
|---|---|---|
| Florida | 131 | 97.8% |
| Georgia | 2 | 1.5% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Panama City-Panama City Beach | 110 |
| Crestview-Fort Walton Beach-Destin | 7 |
| Atlanta-Sandy Springs-Roswell | 2 |
| Wildwood-The Villages | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 5493002P2P2WON3W9P39 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 144388 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 57783 | 1990–2017 |
Established 1 January 1952. Reported under HMDA 1990-2025.
Mergers, name changes, data editions and corrections: Innovations Financial Credit Union's data.
Innovations Financial Credit Union's data
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Innovations Financial Credit Union and its peers, 2018–2025: every application in the HMDA data, cleaned and corrected, as Parquet files, with the Jenner programs that made these pages.
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