NonprofitsInnovations Financial Credit Union

Public & Societal Benefit

Innovations Financial Credit Union

PANAMA CITY, FL

Total revenue

$35.3M

Total expenses

$32.8M

Net assets

$41.7M

Grants received

EIN

590706843

Tax year

2024

Mission

To enrich the financial lives of our members, team members, and the communities we serve.

Programs

1 program

Provide 16,356 loans including mortgages, business, home equity, credit cards, share secured, vehicle, and line of credit loans with aggregate loan balances that approximated $448,771,000 as of december 31, 2024.

Financials

FY 2024

Revenue

Contributions & grants$166K
Program service revenue$30.9M
Investment income$4.2M
Other revenue
Total revenue$35.3M

Expenses

Grants paid
Salaries & benefits$10.4M
Fundraising
Other expenses$22.4M
Total expenses$32.8M
Total assets$615.0M
Net assets$41.7M

People

19 listed

NameRoleCompensation

DAVID SOUTHALL

PRESIDENT/CEO

Board

$468K

40 hrs/wk

MICHAEL GLADDEN

EVP/COO

Board

$406K

40 hrs/wk

JEREMY HINTON

SVP/CFO

Board

$323K

40 hrs/wk

KIM JOHNS

BOARD DIRECTOR

Board

1 hrs/wk

ANITA BORUGHTON

BOARD DIRECTOR

Board

1 hrs/wk

KEN WHITE

BOARD DIRECTOR

Board

1 hrs/wk

ROB FERNANDEZ

BOARD DIRECTOR

Board

1 hrs/wk

KRISTOPHER MCLANE

BOARD TREASURER

Board

1 hrs/wk

JOSHUA SCRIBNER

BOARD SECRETARY

Board

1 hrs/wk

NANCY LUTHER

BOARD VICE CHAIR

Board

1 hrs/wk

CRAIG ELLIS

BOARD CHAIR

Board

1 hrs/wk

DANIEL CHAPLIK

DIRECTOR OPERATIONS/LENDING/COLLECTIONS/FACILITIES

Staff

$242K

40 hrs/wk

CHARLES POWELL

DIRECTOR BUSINESS & MORTGAGE LENDING

Staff

$235K

40 hrs/wk

KENNETH MITCHELL

MARKET LEADER- NORTHERN PANHANDLE REGION

Staff

$219K

40 hrs/wk

ANGELIA BURNETT

DIRECTOR PROJECTS

Staff

$174K

40 hrs/wk

ROBERT GUICE

IT DIRECTOR

Staff

$150K

40 hrs/wk

RUTH PARKER

MARKETING DIRECTOR

Staff

$146K

40 hrs/wk

JONATHAN SMILEY

BUSINESS LENDING MANAGER

Staff

$133K

40 hrs/wk

TERESA ALEXANDER

SENIOR ACCOUNTANT

Staff

$130K

40 hrs/wk

Independent contractors

JACK HENRY

TECHNOLOGY SERVICES

$1.2M

ACCESS SOFTEK

DIGITAL BANKING PLATFORM

$313K

MAINSTREET PROPERTIES

MAINTENANCE

$195K

DOXIM

CUSTOMER COMMUNICATIONS MANAGEMENT

$188K

HONIGMAN

LEGAL

$155K

Details

EIN590706843
NTEE codeW61
Subsection14
Ruling date2023-02
Formed1952
Employees112
Volunteers8
INNOVATIONS FINANCIAL CREDIT UNION — Mission, Financials & Grants Received | Grantivo