Crush Your Debt & Own Your Financial Future
Debt can be a major stressor in life and at times it can feel like you will never be able to pay it all off. But we are here to tell you, YOU CAN DO IT! We can’t tell you it will be easy, but with some focus and determination, it is possible. Here are some helpful...
Bowater Credit Union College Scholarship
Any graduating senior who is a member-owner before March 1st of the year they graduate is eligible to apply for our $2000 College Scholarship. Applicants must submit application and all requirements before July 1st. Requirements:- Grade transcript from senior year of...
2023 Annual Meeting: March 27 at Calhoun Elementary
The 2023 Annual Meeting of Member-Owners will be held on Monday, March 27 at Calhoun Elementary School. We’ll enjoy a social hour with refreshments at 6pm, followed by the business meeting at 7pm. You will hear from our Volunteer Board of Directors about the year...
Does Applying for a Credit Card Hurt Your Credit?
You might have been warned about applying for too many credit cards at once, but does applying for a credit card hurt your credit? We take a closer look at how credit applications actually affect your credit score. Card Smarts: Credit Card Applications and Your Credit...
Tips to Save Money on Holiday Shopping
The holiday season can be a financially stressful time. Working a job, dealing with life, paying bills, and on top of that having to make time and a budget to go gift shopping. Fortunately, it doesn't have to be that way. You can still make this year memorable and not...
How Many Credit Cards Should You Have?
Credit cards are easy to apply for and convenient to use—so convenient that most people now carry three or more cards. But how many credit cards should you have? Let’s take a look at the financial implications of owning multiple cards and consider some tips for...
Paying Your Bowater Credit Union Loan Just Got Easier!
Don't let paying your Bowater Credit Union loan slow you down! As a valued Bowater Credit Union member, we want to give you the convenience, flexibility, and control to pay your loan anytime from anywhere. And now you can make payments, set up recurring payments,...
Bowater Wealth Management with Michael Lawson
Bowater Credit Union is excited to announce Bowater Wealth Management, a partnership with Investment Advisor Representative, Michael Lawson, at Alliance Wealth Management Partners, RIA. Bowater Wealth Management will give our members access to investment services such...
Guide to Credit Card APR [How it Works & More]
Credit card interest rates can be confusing. Determining the true cost of carrying a balance on your credit card depends on how often the interest is calculated—which may be daily. The following overview of credit card APR can be helpful in understanding how it works...
Holiday Loan Available Now Through December 31st
Together we can make this holiday season memorable with a Holiday Loan. With this limited-time loan you can borrow up to $2,000 with rates as low as 5.75% APR, which would be monthly payments of $171.89 for only one year! The Holiday Loan is offered every year from...
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…