Bowater Employees Credit Union is headquartered in Calhoun and is the 28th largest credit union in the state of Tennessee. It is also the 1,187th largest credit union in the nation. It was established in 1954 and as of March of 2014, it had grown to 37 employees and 15,013 members. Bowater Employees Credit Union has a B+ health rating.
Must live, work, worship or go to school in Bradley, McMinn, Meigs, Monroe or Polk County. - See Details
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The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Bowater Employees Credit Union had $1.16 million in non-current loans and owned real-estate with $13.88 million in equity and loan loss allowances on hand to cover it. This gives Bowater Employees Credit Union a Texas Ratio of 8.32% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
The Texas Ratio for Bowater Employees Credit Union decreased slightly from 10.92% as of March 31, 2013 to 8.32% as of March 31, 2014, resulting in a positive change of 23.79%.This indicates that the balance sheet and financial strength for Bowater Employees Credit Union has improved slightly in recent periods.
In the past year, Bowater Employees Credit Union has increased its total deposits by $1.77 million, resulting in 1.38% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Bowater Employees Credit Union has shown is above average.
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Bowater Employees Credit Union has $143.47 million in assets with $13.88 million in equity, resulting in a capitalization level of 9.68%, which is above average.
|Assets and Liabilities|
|Equity Capital||$12.86 million|
|Loan Loss Allowance||$1.02 million|
|Unbacked Noncurrent Loans||$818,000|
|Real Estate Owned||$337,000|
|Historic Data - March 2013|
|Equity Capital||$12.57 million|
|Loan Loss Allowance||$1.06 million|
|Unbacked Noncurrent Loans||$818,000|
|Real Estate Owned||$367,000|
|Profit Margin - Quarterly|
|Net Interest Margin||1.34%|
|Return on Assets||0.07%|
|Return on Equity||0.75%|
|Interest Income||$1.12 million|
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|0.35%||-||-||Accumulative IRA Account|
|0.35%||-||-||Accumulative Roth IRA Account|
|0.35%||-||-||Accumulative CESA Account|
|0.10%||-||-||Special Shares Account|
|0.10%||-||$1k||Christmas Club Account|
|0.25%||$2,500||-||Investment Plus Money Market Account|
|0.05%||$500||-||Premium Interest Checking Account|
|0.02%||-||-||Free Interest Checking Account|
|0.02%||-||-||Gold Interest Checking Account|
|1.00%||$500||-||60-Month Share Certificate|
|0.80%||$500||-||48-Month Share Certificate|
|0.60%||$500||-||36-Month Share Certificate|
|0.50%||$500||-||30-Month Share Certificate|
|0.45%||$500||-||24-Month Share Certificate|
|0.40%||$500||-||18-Month Share Certificate|
|0.40%||$1k||-||25 Month Ultra Share Certificate|
|0.30%||$500||-||12-Month Share Certificate|
|0.20%||$500||-||6-Month Share Certificate|
|1.00%||$500||-||60-Month IRA Share Certificate|
|0.80%||$500||-||48-Month IRA Share Certificate|
|0.60%||$500||-||36-Month IRA Share Certificate|
|0.50%||$500||-||30-Month IRA Share Certificate|
|0.45%||$500||-||24-Month IRA Share Certificate|
|0.40%||$500||-||18-Month IRA Share Certificate|
|0.40%||$1k||-||25 Month Ultra IRA Share Certificate|
|0.30%||$500||-||12-Month IRA Share Certificate|
|Bowater Employees Credit Union Locations|
|Branch Office||454 Highway 163||Calhoun, TN 37309|
|Branch Office||1112 Congress Pkwy S||Athens, TN 37303-2404|
|Branch Office||4531 Hardwick Farms Pkwy NE||Cleveland, TN 37312-4073|