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| Company Name: | INNOVATIONS FCU |
| Employer identification number (EIN): | 59-0706843 |
| EIN Issuing Authority | Brookhaven, NY |
| NAIC Classification: | 522130 |
| NAIC Description: | Credit Unions |
| 401k Pension/Benefits registration | INNOVATIONS FCU 401k plan information |
| Federal tax status | Exempt from federal income tax. Registered as a non-profit under 501(c)(3) Title 26 of the United States Code |
| Mission Statement | TO PROVIDE FINANCIAL AND LENDING SERVICES TO INDIVIDUALS AND BUSINESSES LOCATED WITHIN THE COUNTIES OF BAY, HOLMES, WASHINGTON, JACKSON, CALHOUN, GULF OF WALTON LOCATED IN THE STATE OF FLORIDA. |
| Number of Employees | 86 |
| Number of Volunteers | 5 |
| Year Formed | 1952 |
| Legal Domicile | FL |
| Voting Members - Governing Body | 7 |
| Voting Members - Independent | 7 |
| 2022-12-31 | |
|---|---|
| Total unrelated business income | USD $ 490,458 |
| Net unrelated business income | USD $ 0 |
| Program Service Revenue from current year | USD $ 14,150,468 |
| Investment Income from current year | USD $ 455,919 |
| Other Revenue from current year | USD $ 7,889,481 |
| Gross receipts from all sources | USD $ 22,495,868 |
| Net assets / fund balances at end of fiscal year | USD $ 35,405,793 |
| Total liabilities at end of fiscal year | USD $ 332,156,640 |
| Total assets at end of fiscal year | USD $ 367,562,433 |
| Revenues less expenses for current year | USD $ 6,548,655 |
| Total expenses for current year | USD $ 15,947,213 |
| Other expenses in current year | USD $ 8,143,759 |
| Total fundraising expenses in current year | USD $ 0 |
| Professional fundraising fees from current year | USD $ 0 |
| Employee salary and benefits paid in current year | USD $ 7,803,454 |
| Benefits paid to or for members in current year | USD $ 0 |
| Grants and similar amounts paid in current year | USD $ 0 |
| Total revenue in current fiscal year | USD $ 22,495,868 |
| Contributions and grants from current year | USD $ 0 |
| Total of other revenue | USD $ 7,889,481 |
| INNOVATIONS FINANCIAL CREDIT UNION |
The following addresses have been detected as associated with Tax Indentification Number 590706843
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