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News Archive

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How Much Will Your Teen Driver Cost?

Many people buy cars in the spring, using their tax refund as a down payment. Your low-rate loan from Bowater Credit Union will help keep your teen's car payment low, but don't forget to calculate the cost of vehicle insurance. Some factors that affect...

HELOC & Drop It

With every payment you make towards your mortgage, you build equity in you home. AND you can use that equity to help finance some of your dreams! A Home Equity Line of Credit, or a H.E.L.O.C. (pronounced /hee-lock/), is a loan in which the lender agrees to...

Tax Tips for First-Time Filers in College

Unless you’re an accounting major, filing taxes may not be your idea of a good time. But if you don’t file, you may end up leaving a lot of money on the table. If you’re going to file taxes for the first time this year, here are a few tips to make this...

What To Do With A Little Extra Cash?

Sometimes it feels like you need thousands of dollars to move the needle on your finances even a little bit. So if you find yourself with a few hundred dollars-- say from a tax refund or anything unexpected-- the temptation to spend it can be great! Often...

How to Build Credit with a Pledge Loan

If you are expecting a tax refund this year, and you are looking to build or repair your credit score this is the article for you!  As we all know buying any big ticket item is hard without a good credit score. We also know it takes more work to raise our...

What is a Shimmer?

With the shift to EMV chip cards there has also been a shift to what is called a shimmer. A "Shimmer" is just an evolved version of ATM skimming.  It is a slim card-shaped device that is wedged or shimmed into the card reader between the chip on a card and...

How To Save By Switching Auto Insurance

Are you paying too much on your auto insurance? Switching to a different provider may save you lots of money! Many of us stay with the same provider for years because we do not want to deal with the hassle of switching. This is understandable because life...

Get Linked Up With Turbo Tax

Bowater Credit Union has partnered with Turbo Tax to help our members when filing their 2018 tax returns. Turbo Tax is a fast and easy way to prepare and file tax returns. It has all the tax knowledge for you and will walk you step-by-step through your return. If you...

Too Many Payments To Keep Up With?

If you find yourself with far too many loan payments to keep up with you may want to look into consolidating that debt.  Debt consolidation is just simply combining multiple balances into one loan so you just have one payment! Credit Cards are a great example: If you...