Credit union · NCUA insured
Bowater Credit Union
Top CarrotA $300.1M credit union headquartered in Calhoun, TN, with 20,767 members and 5 branches in Tennessee. Best rates: savings 2.53% APY.
Bowater Credit Union Carrot Score
Carrot ScoreTop Carrot
Higher than 99% of U.S. banks and credit unions
#1 of 8 in Athens, TN metroHow the score works →
Deposits are federally insured by the NCUA up to $250,000 per depositor.
About Bowater Credit Union
Founded in 1954 to serve employees of Bowaters Southern Paper Corporation and their families, Bowater Employees Credit Union is a member-owned, not-for-profit financial institution.
Headquartered in Calhoun, Tennessee, the credit union operates five branch locations across Bradley, McMinn, Meigs, Monroe, and Polk counties.
- Headquarters
- 5123 Highway 11 S, Calhoun, TN 37309
- NCUA charter
- 67970
Membership
Who can join
This may be incomplete or out of date, so check with the credit union before you apply.
Where you live or work
- Membership is open to individuals who live, work, worship, or go to school in Bradley, McMinn, Meigs, Monroe, or Polk County, Tennessee.
Employers and groups
- Membership is open to employees of Bowater Credit Union Partner Companies.
Family and household
- Membership is open to family members of current members, including parents, spouses, spouse's parents, children, step-children, grandparents, spouse's grandparents, grandchildren, brothers, sisters, brothers/sisters-in-law, stepbrothers/stepsisters, aunts/uncles, and nieces/nephews.
Other ways
- Membership is open to Bowater Good Fellows, with Bowater Credit Union paying the contribution to the organization.
Cost to join
- New members must open a Savings account and deposit an initial $5; there is no membership fee.
Branches
5 branches in Tennessee
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Tennessee
5 branches
Athens area · 3
- Calhoun BranchMain office5123 Highway 11 S, Calhoun, TN 37309Directions
- Athens Branch1112 Congress Pkwy S, Athens, TN 37303Directions
- Food City Athens Branch105 S Hill St, Athens, TN 37303Directions
Cleveland area · 2
- Hardwick Farms Branch4531 Hardwick Farms Pkwy NE, Cleveland, TN 37312Directions
- King St Branch1040 King St SE, Cleveland, TN 37311Directions
Walk-in offices from the NCUA directory as of March 31, 2026. Directions open Google Maps. A nearby branch doesn’t mean you can join or open an account.
Financial details
Well capitalizedas reported to the NCUA
| Measure | This credit union | Peers’ middle | Strongest quarter |
|---|---|---|---|
| CapitalNet worth ratio | 10.77% | 11.43% | 13.58% or more |
| Troubled loans60+ days late | 0.74% | 0.68% | 0.39% or less |
| ProfitabilityReturn on assets | 1.76% | 0.75% | 1.18% or more |
| LendingLoans per $100 deposited | $81 | $76 | — |
- CapitalNet worth ratio10.77%Peers’ middle 11.43% · Top 25% 13.58%+
- Troubled loans60+ days late0.74%Peers’ middle 0.68% · Top 25% ≤0.39%
- ProfitabilityReturn on assets1.76%Peers’ middle 0.75% · Top 25% 1.18%+
- LendingLoans per $100 deposited$81Peers’ middle $76
Compared with the 1,338 credit unions with $100 million to $1 billion in assets. The strongest quarter is what the best 25% of them reach: more capital and profit, fewer troubled loans. Lending has no better end.Troubled loans are loans 60 or more days late.
Regulators’ own ratings of Bowater Credit Union are confidential. These figures are what it reports to the NCUA each quarter, set beside its peers; they aren’t a rating.