You Should Know: Wire Scam
Sadly there are a lot scams going around these days. We want to make sure you are prepared in case someone tries one on you. A popular tactic for fraudsters is to send out bad checks to people and then ask them to wire part of it back and to keep the rest....
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...
Bowater Credit Union Donates $1,000 to the Charleston/Calhoun Hiwassee Historical Society
Bowater Credit Union member John Duggan has won $1,000 from Bowater Credit Union to his favorite non-profit: Charleston/Calhoun Hiwassee Historical Society. "The CCHHS is located in the Bradley and McMinn county area, but it is for all citizens young and...
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...
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…