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Overview / Commentary
454 Highway 163
Calhoun, TN 37309

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.

Field of Membership Restrictions

Must live, work, worship or go to school in Bradley, McMinn, Meigs, Monroe or Polk County. - See Details

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Data for Q1 2014

Institution Health


Texas Ratio


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.

Texas Ratio Trend


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.

Deposit Growth


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.

Institution Statistics

NCUA #67970
Year Chartered1954
Primary Regulator
Assets and Liabilities
Assets$143.47 million
Loans$78.25 million
Deposits$130.24 million
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
Assets$141.62 million
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 Margin1.34%
Return on Assets0.07%
Return on Equity0.75%
Interest Income$1.12 million

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Bowater Employees Credit Union Savings Account Rates

0.35%--Accumulative IRA Account
0.35%--Accumulative Roth IRA Account
0.35%--Accumulative CESA Account
0.10%--Share Account
0.10%--Special Shares Account
0.10%-$1kChristmas Club Account

Bowater Employees Credit Union Money Market Rates

0.25%$2,500-Investment Plus Money Market Account

Bowater Employees Credit Union Checking Account Rates

0.05%$500-Premium Interest Checking Account
0.02%--Free Interest Checking Account
0.02%--Gold Interest Checking Account

Bowater Employees Credit Union CD Rates

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

Bowater Employees Credit Union IRA Rates

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 Office454 Highway 163Calhoun, TN 37309
Branch Office1112 Congress Pkwy SAthens, TN 37303-2404
Branch Office4531 Hardwick Farms Pkwy NECleveland, TN 37312-4073