Scam Alert: Member Receives Phone Call that Threatens Jail, Says Car In Her Name Found in Texas With Blood
A Cleveland, Tennessee resident was recently the target of a scam based on fear: She had a message on her voicemail that mentioned Social Security, and told her if she didn't call them back in a timely manner she would be arrested. Upon calling them back, she spoke...
Mikayla Beasley Wins Annual $2000 College Scholarship
Mikayla Beasley of Cleveland, TN, has been selected as this year's recipient of Bowater Credit Union's Annual $2000 College Scholarship. In order to receive this scholarship, Mikayla competed against many other students who were evaluated based on grades, school...
5 Ways To Reduce Debt
June 2019 marked 85 years of the Federal Credit Union Act, which was signed by President Roosevelt in 1934. The act empowered all 50 states to authorize federally chartered credit unions. In honor of the anniversary, www.mycreditunion.gov honored the financial...
Congrats to Zeke Snyder and the Calhoun Food Pantry!
This years Calhoun River Town Festival's Duck Race for Charities event was nothing short of quacktastic and that is thanks to the all the wonderful people who donate both their time and money. Thanks to all the generous donations we were able to raise $1,737! The...
Auto Rates To Get Excited About!
When you are looking for a new ride a low interest rate is definitely something worth getting excited about! AND your interest rate can vary greatly depending on the institution you borrow from, your credit score, your term length, and more. Term Length ...
Bowater Credit Union donates $1,000 to Boys & Girls Club, Meigs Unit
“Unless someone like you cares a whole awful lot, nothing is going to get better. It’s not.” These famous words from Dr. Seuss’s Lorax hold a special place at the new Boys & Girls Club in Meigs County, they are printed right on the wall. And two people who care...
HELOC by the Numbers
What is a HELOC? A HELOC - pronounced "Hee-Lock" - is a Home Equity Line of Credit. You are borrowing against the value if your house (like a mortgage), but can access as much or as little of the amount you are approved for as need (like a credit card). 70% for Home...
2019 Pot O’ Gold Winner!
Congratulations to this years Pot O' Gold winner, Robert Bressler! After hearing good things about Bowater Credit Union for years, Mr. Bressler decided to give us a shot and has now been with us for several years. When asked what he would do with the money he quickly...
Ditch the float & get a BOAT!
This is the year to ditch the floats and get the boat you have always wanted! New Boat You can choose fixed-rate financing for 36 or 60 months and pay no money down. Or, you may elect to take avantage of our 72-month variable-rate loan if your boat is valued at...
Bowater Credit Union Donates $1000 to Habitat for Humanity of Cleveland
Bowater Employees Credit Union member Tammy Johnson has won $1,000 from Bowater Credit Union to her favorite non-profit, Habitat for Humanity of Cleveland, TN. Bowater Credit Union has asked its members to nominate their favorite non-profit helping people in...
Why Credit Unions Are Better
If you owned a business, you would do everything you could to create and drive income to grow that business and make it stronger, right? Well, your Credit Union is a business and you are an Owner! So, when you actively use the Credit Union’s products and services, you are investing in your own business, making it stronger for you and all of its other Member-Owners..
Credit Score Tips
Your credit score is calculated from 5 major categories: Payment history: 35%, Amounts owed: 30%, Length of credit history: 15%, New credit: 10%, Types of credit used: 10%
Here are some ways to improve your score in all categories: Payment History
Pay your bills on time. Delinquent payments and collections can have a major negative impact on your FICO score…