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423-336-7268
P.O. Box 359
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 1,177th largest credit union in the nation. It was established in 1954 and as of December of 2013, it had grown to 37 employees and 14,864 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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Health

Data for Q4 2013

Institution Health

B+

Texas Ratio

GRADE:
B+

The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2013 Bowater Employees Credit Union had $1.76 million in non-current loans and owned real-estate with $13.91 million in equity and loan loss allowances on hand to cover it. This gives Bowater Employees Credit Union a Texas Ratio of 12.62% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for Bowater Employees Credit Union experienced no significant changes from 9.47% as of December 31, 2012 to 12.62% as of December 31, 2013, resulting in a negative change of 33.29%. This indicates that the balance sheet and financial strength for Bowater Employees Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
B+

In the past year, Bowater Employees Credit Union has increased its total deposits by $3.52 million, resulting in 2.83% 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.

Capitalization

GRADE:
B

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 $140.98 million in assets with $13.91 million in equity, resulting in a capitalization level of 9.87%, which is above average.

Institution Statistics

Overall
NCUA #67970
Year Chartered1954
Employees37
Primary Regulator
Assets and Liabilities
Assets$140.98 million
Loans$78.53 million
Deposits$127.77 million
Equity Capital$12.83 million
Loan Loss Allowance$1.08 million
Unbacked Noncurrent Loans$1.42 million
Real Estate Owned$337,000
Historic Data - December 2012
Assets$137.34 million
Equity Capital$12.53 million
Loan Loss Allowance$1.04 million
Unbacked Noncurrent Loans$1.42 million
Real Estate Owned$367,000
Profit Margin - Quarterly
Net Interest Margin5.51%
Return on Assets0.22%
Return on Equity2.4%
Interest Income$4.61 million
Rates

Always verify rates and promotions with the bank or credit union. We are not Bowater Employees Credit Union, we are a rate comparison website and can not provide official rates or promotions.

Bowater Employees Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
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

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

Bowater Employees Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
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

DetailsAPYMINMAXPRODUCT
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

DetailsAPYMINMAXPRODUCT
1.00%$500-60-Month IRA Share Certificate (Traditional,Roth,CESA)
0.80%$500-48-Month IRA Share Certificate (Traditional,Roth,CESA)
0.60%$500-36-Month IRA Share Certificate (Traditional,Roth,CESA)
0.50%$500-30-Month IRA Share Certificate (Traditional,Roth,CESA)
0.45%$500-24-Month IRA Share Certificate (Traditional,Roth,CESA)
0.40%$500-18-Month IRA Share Certificate (Traditional,Roth,CESA)
0.40%$1k-25 Month Ultra IRA Share Certificate (Traditional,Roth,CESA)
0.30%$500-12-Month IRA Share Certificate (Traditional,Roth,CESA)
Locations


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