Nonprofit · EIN 62-0553259
BOWATER EMPLOYEES CREDIT UNION
Tax-exempt · CALHOUN, TN 37309
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $22,414,931 | $19,098,616 | $3,316,315 | $296,259,097 | $266,283,819 | $29,975,278 |
| December 31, 2024 | 990 | $19,263,873 | $15,280,795 | $3,983,078 | $304,302,659 | $277,643,696 | $26,658,963 |
| December 31, 2023 | 990 | $15,164,063 | $12,148,612 | $3,015,451 | $255,580,708 | $232,904,823 | $22,675,885 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $22,414,931
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Benefits paid to members
- $5,700,465
- Compensation of officers, directors and key employees
- $418,635
- Other salaries and wages
- $3,599,311
- Salaries, compensation and benefits (total)
- $5,807,852
- Professional fundraising fees
- $0
- Occupancy
- $393,177
Balance sheet and other
- Total assets, start of year
- $304,302,659
- Total assets, end of year
- $296,259,097
- Total liabilities, end of year
- $266,283,819
- Net assets, end of year
- $29,975,278
- Land, buildings and equipment
- $6,012,755
- Gross receipts
- $22,414,931
- Employees
- 78
- Volunteers
- 7
- Year formed
- 1954
- State of legal domicile
- TN
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Matthew Holden | Executive Consultant Former | 40 | $221,671 | $50,431 |
| Jennifer Carter | CEO Officer | 40 | $176,560 | $42,099 |
| Travis Giles | Vice Chairperson Trustee or director | 2 | $10,839 | $0 |
| Thomas J Elliott | Director Trustee or director | 2 | $9,565 | $0 |
| David Lattimore | Chairman Trustee or director | 2 | $0 | $0 |
| Jamie Creekmore | Treasurer Trustee or director | 2 | $0 | $0 |
| Clara Pat Burger | Director Trustee or director | 2 | $0 | $0 |
| Jean Ann Toomey | Secretary Trustee or director | 2 | $0 | $0 |
| Todd Harris | Director Trustee or director | 2 | $0 | $0 |
990 for the year ended December 31, 2024: 8 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Matthew Holden | CEO Officer | 40 | $213,298 | $50,973 |
| Jamie Creekmore | Treasurer Trustee or director | 2 | $5,782 | $0 |
| Todd Harris | Director Trustee or director | 2 | $3,974 | $0 |
| David Lattimore | Chairman Trustee or director | 2 | $0 | $0 |
| Travis Giles | Vice Chairperson Trustee or director | 2 | $0 | $0 |
| Clara Pat Burger | Director Trustee or director | 2 | $0 | $0 |
| Jean Ann Toomey | Secretary Trustee or director | 2 | $0 | $0 |
| Thomas J Elliott | Director Trustee or director | 2 | $0 | $0 |
990 for the year ended December 31, 2023: 8 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Matthew Holden | CEO Officer | 40 | $182,368 | $37,783 |
| Thomas J Elliott | Director Trustee or director | 2 | $6,667 | $0 |
| David Lattimore | Chairman Trustee or director | 2 | $0 | $0 |
| Jamie Creekmore | Treasurer Trustee or director | 2 | $0 | $0 |
| Travis Giles | Vice Chairperson Trustee or director | 2 | $0 | $0 |
| Clara Pat Burger | Director Trustee or director | 2 | $0 | $0 |
| Jean Ann Toomey | Secretary Trustee or director | 2 | $0 | $0 |
| Todd Harris | Director Trustee or director | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 5123 HIGHWAY 11 S, CALHOUN, TN 37309-5255
- In care of
- % MATTHEW HOLDEN
- Principal officer (990 for 2025)
- Jennifer Carter, PO BOX 359, CALHOUN, TN 37309
- Signed the 990
- LaKota Pierce, Chief Financial Officer
- Phone
- (423) 336-7268
- Website
- bowaterecu.org
Mission
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.
Program accomplishments
- 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.Expenses $19,098,614 · revenue $22,414,931
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 62-0553259
- Tax-exempt status
- 501(c)(14): State-chartered credit union
- Donations deductible
- No
- Exempt since
- 1952
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Group exemption
- 1182: CREDIT UNIONS CHARTERED IN THE STATE OF TENNESSEE
- Assets (IRS master file)
- $296,259,097
- Income (IRS master file)
- $22,414,931
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $22,414,931 | $19,098,616 | $296,259,097 | XML |
| 990 | December 2024 | $19,263,873 | $15,280,795 | $304,302,659 | XML |
| 990 | December 2023 | $15,164,063 | $12,148,612 | $255,580,708 | XML |
| 990 | December 2022 | $12,161,157 | $9,674,319 | $258,960,499 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 62-0553259).
Questions about BOWATER EMPLOYEES CREDIT UNION
- What is the EIN of BOWATER EMPLOYEES CREDIT UNION?
- The employer identification number (EIN) of BOWATER EMPLOYEES CREDIT UNION is 62-0553259.
- Is BOWATER EMPLOYEES CREDIT UNION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 1952.
- Are donations to BOWATER EMPLOYEES CREDIT UNION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does BOWATER EMPLOYEES CREDIT UNION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of BOWATER EMPLOYEES CREDIT UNION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did BOWATER EMPLOYEES CREDIT UNION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of BOWATER EMPLOYEES CREDIT UNION?
- The 990 for the year ended December 31, 2025 names Jennifer Carter.
- Who are the officers and directors of BOWATER EMPLOYEES CREDIT UNION?
- The 990 for the year ended December 31, 2025 lists 9 people; 4 received compensation from the organization, the highest $221,671 (Matthew Holden, Executive Consultant).
- How much revenue does BOWATER EMPLOYEES CREDIT UNION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $22,414,931, expenses of $19,098,616 and total assets of $296,259,097 at year end.
Other nonprofits in CALHOUN
- ANOTHER CHILD FOUNDATION EIN 27-3219984 · last filed 990 for 2025
- BOWATER GOODFELLOWS INC EIN 31-1779619 · last filed 990-EZ for 2025
- UNITED STEELWORKERS EIN 62-6048262 · last filed 990-N for 2025
- CALHOUN ALUMNI ASSOCIATION EIN 87-4526097 · last filed 990-N for 2024
- TENNESSEE FOSTER CARE ASSOCIATION INC EIN 62-1354990 · last filed 990-N for 2024
- UNITED COMMUNITY FUND OF CALHOUN TENNESSEE EIN 62-1212785 · last filed 990-N for 2024
- CALHOUN RURAL FIRE DEPARTMENT EIN 47-1768763 · last filed 990-N for 2024
- AMVETS EIN 62-1483711 · last filed 990-N for 2024