Compensation 990

Innovations Financial Credit Union

Fiscal year ending 2024. Filed on November 18, 2025.

910 Thomas Drive
Panama City, Florida 32408

Innovations Financial Credit Union (EIN: 59-0706843) has filed an IRS Form 990 since fiscal year 2022. In its fiscal year 2024 IRS Form 990 filing, Innovations Financial Credit Union, a 501(c)(14) state-chartered credit union or mutual reserve fund, reported compensation for 11 out of 112 total employees. Among the employees shown here, the average compensation is $284,113. The highest compensated employee at Innovations Financial Credit Union is David Southall with fiscal year 2024 compensation of $523,848.

Revenue, expenses, and employee compensation

Revenue

$35,305,173

Expenses

$32,767,483

Employee compensation

$10,413,594
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

＋18.5%vs 2023
David Southall
President and Chief Executive Officer
$523,848
$468,245 from orgNo related comp$55,603 other
New in 2024
Michael Gladden
Executive Vice President and Chief Operating Officer
$482,413
$405,544 from orgNo related comp$76,869 other
＋27.8%vs 2023
Jeremy Hinton
Senior Vice President and Chief Financial Officer
$391,913
$323,155 from orgNo related comp$68,758 other
New in 2024
Daniel Chaplik
Director Operations/Lending/Collections/Facilities
$294,434
$241,988 from orgNo related comp$52,446 other
New in 2024
Charles Powell
Director Business and Mortgage Lending
$287,985
$234,987 from orgNo related comp$52,998 other
New in 2024
Kenneth Mitchell
Market Leader- Northern Panhandle Region
$260,800
$219,158 from orgNo related comp$41,642 other
New in 2024
Angelia Burnett
Director Projects
$216,834
$173,822 from orgNo related comp$43,012 other
＋19.2%vs 2023
Robert Guice
Information Technology Director
$176,270
$150,314 from orgNo related comp$25,956 other
New in 2024
Ruth Parker
Marketing Director
$172,718
$145,590 from orgNo related comp$27,128 other
New in 2024
Jonathan Smiley
Business Lending Manager
$166,792
$133,371 from orgNo related comp$33,421 other
New in 2024
Teresa Alexander
Senior Accountant
$151,237
$130,041 from orgNo related comp$21,196 other

Non-Employee Board Members

Anita Borughton
Board Member
Craig Ellis
Board Chair
Joshua Scribner
Board Secretary
Ken White
Board Member
Kim Johns
Board Member
Kristopher McLane
Board Treasurer
Nancy Luther
Board Vice Chair
Rob Fernandez
Board Member

Contractors

New in 2024
Jack Henry
Technology
$1,236,176
－0.6%vs 2023
Access Softek Inc.
Digital Banking Platform
$313,064
New in 2024
Mainstreet Properties
Maintenance
$195,270
New in 2024
Doxim
Customer Communications Management
$187,537
New in 2024
Honigman LLP
Legal
$155,000

Mission Statement

TO PROVIDE FINANCIAL AND LENDING SERVICES TO INDIVIDUALS AND BUSINESSES LOCATED WITHIN THE COUNTIES OF BAY, HOLMES, WASHINGTON, JACKSON, CALHOUN, GULF, WALTON, OKALOOSA, FRANKLIN & LIBERTY LOCATED IN THE STATE OF FLORIDA.

Revisions to this organization profile

November 18, 2025:
2024 Innovations Financial Credit Union 990 filed
September 9, 2024:
2023 Innovations Financial Credit Union 990 filed
October 27, 2023:
2022 Innovations Financial Credit Union 990 filed

Get an email when new compensation information is released for Innovations Financial Credit Union

Be the first to know when new IRS Form 990 data is published for this organization.

Related Jobs

View more jobs
Powered by Talroo
Report a discrepancy →