On June 11, 2026, Innovation Federal Credit Union completed its inaugural $150 million offering of 4.225% 2-year senior fixed-rate deposit notes.

This issuance achieved a record-setting order book for an inaugural fixed-rate offering from a credit union, with broad distribution across 20 unique buyers. The transaction diversifies the funding base and establishes a strong program foundation. It was led in conjunction with BMO Capital Markets and RBC Capital Markets.

Morningstar DBRS assigned the note a credit rating of BBB(H) with a Negative trend on June 10, 2026. For further rating information, please visit MDBRS’s website.