Bowater Employees Credit Union

Overview / Commentary
5123 Highway 11 S
Calhoun, TN 37309

Bowater Employees Credit Union is headquartered in Calhoun and is the 24th largest credit union in the state of Tennessee. It is also the 1,089th largest credit union in the nation. It was established in 1954 and as of March of 2024, it had grown to 56 employees and 19,582 members at 5 locations. Bowater Employees Credit Union's CD rates are 6X the national average, and it has a B+ 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


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Health Grade Components

NCUA #67970
Year Chartered1954
Primary Regulator
Profit Margin
Return on Assets - YTD1.01%
Return on Equity - YTD11.28%
Annual Interest Income$3.4MM
Assets and Liabilities
AssetsQ1 2024vs Q1 2023$263.3MM$258.9MM
LoansQ1 2024vs Q1 2023$183.5MM$172.8MM
DepositsQ1 2024vs Q1 2023$236.4MM$235.8MM
Equity CapitalQ1 2024vs Q1 2023$23.3MM$20.5MM
Loan Loss AllowanceQ1 2024vs Q1 2023$2.3MM$1.8MM
Unbacked Noncurrent LoansQ1 2024vs Q1 2023$1.4MM$985K
Real Estate OwnedQ1 2024vs Q1 2023$90K$345K
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Bowater Employees Credit Union Savings Account Rates

2.27%$0-Accumulative IRA Account
0.05%$5-Share Account
0.05%$0-Special Shares Account
0.05%$0$1kChristmas Club Account

Bowater Employees Credit Union Money Market Rates

2.27%$2.5k-Investment Plus Money Market Account

Bowater Employees Credit Union Checking Account Rates

0.03%$100-Premium Interest Checking Account
0.01%$0-Free Interest Checking Account
0.01%$0-Gold Interest Checking Account

Bowater Employees Credit Union CD Rates

5.34%$500-6 Month CD
5.12%$500-12 Month CD
3.56%$500-18 Month CD
3.56%$500-24 Month CD
1.00%$500-30 Month CD
1.00%$500-36 Month CD
1.00%$500-48 Month CD
1.00%$500-60 Month CD
1.00%$1k-25 Month Ultra CD

Bowater Employees Credit Union IRA Rates

5.12%$500-12 Month IRA
3.56%$500-18 Month IRA
3.56%$500-24 Month IRA
1.00%$500-30 Month IRA
1.00%$500-36 Month IRA
1.00%$500-48 Month IRA
1.00%$500-60 Month IRA
1.00%$1k-25 Month Ultra IRA

Bowater Employees Credit Union Locations
Branch Office5123 Highway 11 SCalhoun, TN 37309
Branch Office1112 Congress Pkwy SAthens, TN 37303-2404
Branch Office4531 Hardwick Farms Pkwy NECleveland, TN 37312-4073
Branch Office1040 King St SECleveland, TN 37311
Branch Office1007 Keith St NWCleveland, TN 37311-4302

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