Sep, 30, 2025 — BOWATER EMPLOYEES CREDIT UNION is a federally insured state chartered credit union headquartered in CALHOUN, TN with 6 branch locations and about $299.40 million in total assets. Opened 72 years ago in 1954, BOWATER EMPLOYEES CREDIT UNION has about 20,571 members and employs 73 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | BOWATER EMPLOYEES CREDIT UNION |
|---|---|
| Address: (Main Office) | 5123 Highway 11 S CALHOUN, TN 37309 |
| Phone: | (423) 336-7268 |
| Fax: | (423) 336-7740 |
| Website: | https://www.bowaterecu.org |
| Branches: | 6 branch locations |
| Members: | 20,571 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 67970 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1954 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $299,400,454 |
| CEO/Manager: | Ginger S Carter |
| Chairperson: | David Lattimore |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 41,527,461 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 97,982,714 |
| Unsecured Loans | 17,745,269 |
| Other Loans | 88,871,320 |
| TOTAL LOANS | 204,599,303 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -2,950,498 |
| Land And Building | 4,959,816 |
| Other Fixed Assets | 1,264,836 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 2,565,613 |
| All Other Assets | 414,886 |
| TOTAL ASSETS | 299,400,454 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 384,851 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 2,609,733 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 49,740,513 |
| Regular shares | 82,730,592 |
| All Other Shares & Deposits | 135,223,016 |
| TOTAL SHARES & DEPOSITS | 267,694,120 |
| TOTAL LIABILITIES | 270,688,704 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 28,711,750 |
| TOTAL EQUITY | 28,711,750 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 299,400,454 |
| INCOME & EXPENSE | |
| Loan Income | 10,909,748 |
| Investment Income | 2,759,525 |
| Other Income | 1,109,257 |
| Total Employee Compensation & Benefits | 4,337,017 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 4,460,048 |
| Non-operating Income & (Expense) | 442 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,527,688 |
| Cost of Funds | 4,516,776 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 2,052,790 |
| ↑ Back to Top | |