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 on a new boat. Or, you may elect to take avantage of our 72-month variable-rate loan if your boat is...
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...
Buying a Car
Know what you can (and should) afford Ideally, your car payment will be less than 10% of your take-home pay. Talk to a loan officer at the credit union before you shop to find out what amount you are pre-approved for. Shop and test-drive Once you know how much you...
Help us update your info!
Your credit union is making a conscious effort over the next few months to verify your address, phone numbers, and get updated photo identification scanned into our system. We apologize for the inconvenience, but we're excited to be maintaining high levels of...
Refer A Friend in February, You Both Get $50
If you love Bowater Credit Union, it's time to tell your friends and neighbors they can join and you'll both get rewarded! Refer someone to Bowater Credit Union in February, and as long as they join and open at least two qualifying accounts, and keep them open for 90...
Bowater Credit Union donates Vehicles to McMinn County CTE
When Collections Specialist Amanda Pettit considers options for a repossessed vehicle, she always works to reduce expense to the membership and the hardship on the member who purchased the vehicle. Recently, Amanda was faced with two vehicles that needed a large...
Scam warning: Phone call claiming to be from Microsoft
Several members have reported receiving calls to their cell phone from someone who claims to be with Microsoft. The scammers are asking the victims to agree to charges. These calls are not from Microsoft; they are scammers attempting to gain personal information...
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…