EIN 62-0553259

Bowater Employees Credit Union

IRS 501(c) type
501(c)(14)
Num. employees
81
Year formed
1954
Most recent tax filings
2022-12-01
Description
To provide convenient, cost effective financial services by offering products that are efficient and responsive to our members’ changing needs.
Related structure
Bowater Employees Credit Union is child organization, under the parent exemption from Credit Unions Chartered in the State of Tennessee / State of Tn-Dept of Financial Insti.
Total revenues
$12,161,157
2022
Total expenses
$9,674,319
2022
Total assets
$258,960,499
2022
Num. employees
81
2022

Program areas at Bowater Employees Credit Union

Operated during 2022 as a state chartered Credit Union that is mutually owned by our 19,047 members to promote thrift issue shares and maintain accounts and make loans to our members. Funds not needed for liquidity or for loans are temporarily invested. All of our revenues and expenses are related to this purpose.

Personnel at Bowater Employees Credit Union

NameTitleCompensation
Matthew HoldenChief Executive Officer$155,701
Lakota PierceChief Financial Officer
Glenna W PritchettVice President Accounting Chief Financial Officer / Vice President Accountingcf
Denley C HinesPast Vice President Accountingcf / Vice President Accountingc / President Chief Executive Officer$276,110

Financials for Bowater Employees Credit Union

RevenuesFYE 12/2022
Total grants, contributions, etc.$0
Program services$12,130,251
Investment income and dividends$0
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$30,906
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$12,161,157

Form 990s for Bowater Employees Credit Union

Fiscal year endingDate received by IRSFormPDF link
2022-122023-04-26990View PDF
2021-122022-04-28990View PDF
2020-122021-06-30990View PDF
2019-122020-09-17990View PDF
2018-122019-07-23990View PDF
...and 10 more Form 990s

Organizations like Bowater Employees Credit Union

OrganizationLocationRevenue
Memphis City Employees Credit UnionMemphis, TN$23,689,199
First South Financial Credit UnionBartlett, TN$40,066,306
Enbright Credit UnionNashville, TN$4,938,371
Northeast Community Credit UnionElizabethton, TN$6,535,819
Lowland Credit Union (LCU)Morristown, TN$6,331,553
Old Hickory Credit UnionOld Hickory, TN$14,832,560
Johnsonville Tva Employees Credit UnionCamden, TN$5,400,399
Kingsport Press CuKingsport, TN$3,565,234
Consumer Credit UnionGreeneville, TN$20,055,124
Employee Resources Credit Union (ERCU)Lawrenceburg, TN$7,210,233
Data update history
July 3, 2023
Updated personnel
Identified 1 new personnel
May 19, 2023
Updated personnel
Identified 8 new personnel
October 16, 2021
Posted financials
Added Form 990 for fiscal year 2020
August 21, 2021
Posted financials
Added Form 990 for fiscal year 2019
January 13, 2021
Used new vendors
Identified 1 new vendor, including
Nonprofit Types
Credit unionsChapter / child organizations
Issues
No issues found
Characteristics
No characteristics found
General information
Address
PO Box 359
Calhoun, TN 37309
Metro area
Cleveland, TN
County
McMinn County, TN
Website URL
bowaterecu.org/ 
Phone
(866) 285-4215
Facebook page
BowaterEmployeesCreditUnion 
Twitter profile
@bowaterecu 
IRS details
EIN
62-0553259
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1954
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
W60: Financial Institutions, Credit Unions
NAICS code, primary
522130: Credit Unions
Parent/child status
Child within group exemption
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