Federal grants to Innovations Financial Credit Union
Innovations Financial Credit Union in Panama City, Florida received $2.8 million in federal grants from fiscal 2021 to 2025, across 3 awards. Its largest program was Community Development Financial Institutions Rapid Response Program (CDFI RRP), with $1.8 million. It had no new grant money in fiscal 2025.
From USAspending.gov award records, updated November 7, 2026.
- Grants, FY 2021 to 2025$2.8 million
- Awards3
- Awarded in FY 2025$0
- Largest award$1.8 million
By year
| Fiscal year | Awards | Amount |
|---|---|---|
| FY 2021 | 1 | $1.8 million |
| FY 2022 | 1 | $213,497 |
| FY 2023 | 0 | $0 |
| FY 2024 | 1 | $800,000 |
| FY 2025 | 0 | $0 |
Programs that fund Innovations Financial Credit Union
| Program | Awards | Amount |
|---|---|---|
| Community Development Financial Institutions Rapid Response Program (CDFI RRP) | 1 | $1.8 million |
| Community Development Financial Institutions Program | 1 | $800,000 |
| Small Dollar Loan Program | 1 | $213,497 |
Awarding agencies
| Agency | Awards | Amount |
|---|---|---|
| Department of the Treasury | 3 | $2.8 million |
Largest awards
| Award | Program | First action | Amount |
|---|---|---|---|
| Cdfi rapid response program award | Community Development Financial Institutions Rapid Response Program (CDFI RRP) | June 15, 2021 | $1.8 million |
| Purpose: to promote economic revitalization and community development through investment in and financial assistance to community development financial institutions (CDFIS). Planned activities: financial assistance must be used for financial products, financial services (regulated institutions only) | Community Development Financial Institutions Program | September 26, 2024 | $800,000 |
| Purpose: to support certified community development financial institutions (CDFIS) to provide an alternative to high cost small dollar loans, as well as help unbanked and underbanked populations build credit, access affordable capital, and allow greater access into the mainstream financial system. P | Small Dollar Loan Program | September 27, 2022 | $213,497 |
Questions people ask
How much federal grant money does Innovations Financial Credit Union get?
$2.8 million in 3 grant awards from fiscal 2021 to 2025, as obligations reported to USAspending.gov.
Which agency gives Innovations Financial Credit Union the most?
The Department of the Treasury, with $2.8 million in 3 awards.
What is Innovations Financial Credit Union's largest federal grant?
$1.8 million under Community Development Financial Institutions Rapid Response Program (CDFI RRP), with its first action in the period on June 15, 2021. That counts only the money obligated in fiscal 2021 to 2025.
Which federal programs fund Innovations Financial Credit Union?
Its largest are Community Development Financial Institutions Rapid Response Program (CDFI RRP), Community Development Financial Institutions Program and Small Dollar Loan Program.
Other grant recipients in Panama City
- Pancare of Florida, Inc.
- Panama City-Bay County Airport & Industrial District
- Early Education & Care Inc
- Gulf Coast State College
- Bay County Transportation Planning Organization
- Panama City Housing Authority
- Bay County Board of County Commisioners
- Bay County School Board
Largest federal grant recipients in Florida · Federal grants in Florida