Overview / Commentary
Bowater Employees Credit Union is headquartered in Calhoun and is the 24th largest credit union in the state of Tennessee. It is also the 1,080th largest credit union in the nation. It was established in 1954 and as of June of 2024, it had grown to 58 employees and 19,713 members at 5 locations. Bowater Employees Credit Union's CD rates are 6X the national average, and it has an A health rating.
Field of Membership Restrictions
Bowater Credit Union is open to anyone who lives, works, worships, or attends school in the Tennessee counties of Bradley, McMinn, Meigs, Monroe, or Polk, and family members of current credit union members.
See current membership details
Health
A
Data as of Q2 2024
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 67970 |
| Year Chartered | 1954 |
| Employees | 58 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.39% |
| Return on Equity - YTD | 15.06% |
| Annual Interest Income | $7MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2024vs Q2 2023 | $269MM$255.1MM |
| Loans | Q2 2024vs Q2 2023 | $191MM$176.6MM |
| Deposits | Q2 2024vs Q2 2023 | $240.4MM$231.2MM |
| Equity Capital | Q2 2024vs Q2 2023 | $24.5MM$21.3MM |
| Loan Loss Allowance | Q2 2024vs Q2 2023 | $2.2MM$1.8MM |
| Unbacked Noncurrent Loans | Q2 2024vs Q2 2023 | $1.2MM$1.1MM |
| Real Estate Owned | Q2 2024vs Q2 2023 | $90K$345K |