2026-04-21T10:46:55-04:00 2025-12-31 990 2025-01-01 620553259 BOWATER EMPLOYEES CREDIT UNION BOWA 4233367268 PO BOX 359 CALHOUN TN 373090359 LaKota Pierce Chief Financial Officer 4233035608 2026-04-22 2025 2025-03-06 01:10:19Z Jennifer Carter PO BOX 359 CALHOUN TN 37309 22414931 false X bowaterecu.org X 1954 TN STATE CHARTERED CREDIT UNION MUTUALLY OWNED BY OUR 20,680 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. 7 7 78 7 0 0 0 0 19263873 22414931 0 0 0 0 19263873 22414931 0 0 4475182 5700465 4818150 5807852 0 0 0 5987463 7590299 15280795 19098616 3983078 3316315 304302659 296259097 277643696 266283819 26658963 29975278 STATE CHARTERED CREDIT UNION MUTUALLY OWNED BY OUR 20,680 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. false false 19098614 0 22414931 OPERATED DURING 2025 AS A STATE CHARTERED CREDIT UNION THAT IS MUTUALLY OWNED BY 20,680 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. 0 0 0 0 0 0 0 0 0 19098614 false false false false false false false false false false true false true false true false true false false false false false false false false false false false false true false false false false false false false false false false false false false false true 5914 0 true 78 true false false false false false false false 0 false false false false false false false 7 7 false false false false true true false true true false false true true true true true false true true false TN X LaKota Pierce 4233035608 5123 Highway 11 S PO Box 359 Calhoun TN 37309 Jennifer Carter CEO 40.00 0.00 X 176560 0 42099 David Lattimore Chairman 2.00 0.00 X 0 0 0 Jamie Creekmore Treasurer 2.00 0.00 X 0 0 0 Travis Giles Vice Chairperson 2.00 0.00 X 10839 0 0 Clara Pat Burger Director 2.00 0.00 X 0 0 0 Jean Ann Toomey Secretary 2.00 0.00 X 0 0 0 Thomas J Elliott Director 2.00 0.00 X 9565 0 0 Todd Harris Director 2.00 0.00 X 0 0 0 Matthew Holden Executive Consultant 40.00 0.00 X 221671 0 50431 418635 0 92530 7 true true false 0 0 0 0 0 0 0 0 LOAN INTEREST 522100 14678487 14678487 0 0 INVESTMENT INTEREST 522100 3533719 3533719 0 0 FEE INCOME 522100 1472812 1472812 0 0 OTHER OPERATING INCOME 522100 2717167 2717167 0 0 SEE SCHEDULE O 522100 11651 11651 0 0 1095 1095 0 0 22414931 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 22414931 22414931 0 0 0 0 0 0 0 0 5700465 0 418635 0 0 0 0 0 0 0 3599311 0 0 0 374419 0 0 0 1119662 0 0 0 295825 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 393177 0 0 0 0 0 0 0 0 0 0 0 150483 0 0 0 27 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 OFFICE OPERATIONS 876919 0 0 0 EDUCATION & PROMOTION 250390 0 0 0 LOAN SERVICING 562044 0 0 0 PROFESSIONAL & OUTSIDE SERVICES 2971436 0 0 0 2385823 0 0 0 19098616 0 0 0 0 0 0 0 5079372 5085747 64044029 38183701 0 0 0 0 0 0 0 0 188428368 199440994 0 0 310226 259353 10286636 4273881 6050181 6012755 0 0 0 0 34884934 40593224 0 0 5505549 6683323 304302659 296259097 3057595 2671583 0 0 0 0 0 0 0 0 0 0 0 0 0 0 274586101 263612236 277643696 266283819 X 0 0 0 0 26658963 29975278 26658963 29975278 304302659 296259097 3316315 0 0 0 0 0 X false true X true false 1474387 1474387 5334077 1843805 3490272 428543 139643 288900 3049629 2290433 759196 6012755 HELD-TO-MATURITY SECURITIES 35608429 C S&LS MUTUAL SAVINGS BANK 732000 C LOANS TO INV IN NATURAL PERSON CU 693000 C CORPORATE CREDIT UNIONS 940451 C NCUSIF DEPOSIT 2619344 C 40593224 SHARE DRAFTS 51317057 REGULAR SHARES 82685266 MONEY MARKET SHARES 25873337 SHARE CERTIFICATES 73777578 IRA KEOGH ACCOUNTS 25375827 ALL OTHER SHARES 4583171 263612236 22414931 0 22414931 0 22414931 19098616 0 19098616 0 19098616 X X X true true X X false false false Jennifer Carter CEO 165667 0 10742 0 1922 0 21656 0 20443 0 220430 0 0 0 Matthew Holden Executive Consultant 172317 0 49354 0 1922 0 21330 0 29101 0 274024 0 0 0 Part VI, Line 6 A STATE CHARTERED CREDIT UNION IS GOVERNED BY ITS CHARTER AND BYLAWS. THE CHARTER AND BYLAWS CALL FOR AN ANNUAL ELECTION OF DIRECTORS BY THE MEMBERS. Part VI, Line 7a THE CHARTER AND BYLAWS CALL FOR AN ANNUAL ELECTION OF DIRECTORS BY THE MEMBERS. EACH MEMBER IS ENTITLED TO ONE VOTE IRRESPECTIVE OF THE NUMBER OF SHARES DEPOSITS. THE CANDIDATES FOR DIRECTOR ARE NOMINATED BY A NOMINATING COMMITTEE APPOINTED BY THE BOARD OF DIRECTORS. THE DIRECTORS ARE ELECTED AT AN ANNUAL MEETING CALLED FOR IN THE BYLAWS. Part VI, Line 11a Comparison with audited financial statements. Part VI, Line 12c THE CREDIT UNION HAS A WRITTEN CONFLICT OF INTEREST POLICY. ALL OFFICERS DIRECTORS AND KEY EMPLOYEES ARE REQUIRED TO DISCLOSE ANNUALLY ANY INTEREST THAT COULD GIVE RISE TO CONFLICTS. ALL MATERIAL CONTRACTS ARE APPROVED BY THE BOARD OF DIRECTORS. Part VI, Line 15 THE PERSONNEL COMMITTEE RECOMMENDS COMPENSATION FOR THE CEO MANAGEMENT AND STAFF BASED ON AN ANNUAL SURVEY OF COMPENSATION OF CREDIT UNIONS OF COMPARABLE SIZE AND JOB CLASSIFICATIONS AND OTHER FACTORS. THE OVERALL COMPENSATION PLAN INCLUDING CEO AND MANAGEMENT COMPENSATION IS REVIEWED APPROVED BY THE BOARD OF DIRECTORS. FOR STAFF THE CEO AND OR DEPARTMENT MANAGERS COMPLETE AN ANNUAL EMPLOYEE EVALUATIONS AND ARE AUTHORIZED TO SET STAFF COMPENSATION WITHIN THE RANGE APPROVED BY THE PERSONNEL COMMITTEE AND BOARD OF DIRECTORS. Part VI, Line 19 WRITTEN COPIES OF THE CREDIT UNIONS BYLAWS ARE PROVIDED TO MEMBERS UPON REQUEST. FINANCIAL REPORTS ARE POSTED IN THE LOBBY FOR MEMBERS REVIEW. UPON REQUEST A COPY OF THE CREDIT UNIONS ANNUAL FORM 990 IS PROVIDED TO ANY MEMBER OR NON-MEMBER THAT REQUESTS A COPY.