Bowater Employees Credit Union Cleveland TN | Affordable Auto Loans & Business Banking

Introduction

Welcome to Bowater Employees, your trusted financial partner located at 1040 King St SE, Cleveland, TN 37311. Since our establishment in 1954, we have been dedicated to supporting our community and helping our members achieve their financial goals. With a strong membership base of over 20,000 individuals, we pride ourselves on offering personalized services that truly make a difference. At Bowater Employees, we understand that managing your finances can sometimes feel overwhelming. That's why our team of 67 friendly professionals is here to guide you every step of the way. Under the leadership of our CEO, Matthew Holden, and Board President, David Lattimore, we focus on building lasting relationships with our members based on trust and transparency. As of now, our total assets stand at an impressive $316,753,289, showcasing our commitment to stability and growth. We've extended a total of 12,056 loans and leases to help members like you invest in their dreams. Our deposits reach $54,424,640, reflecting the confidence our members place in us. While members can visit us at our branch for personal banking needs including checking and savings accounts, auto loans, mortgages, and more official correspondence should be sent to the same address: 1040 King St SE, Cleveland, TN 37311. For any inquiries or assistance, feel free to reach out to us at 423-303-5626 or visit us online at bowaterecu.org. Join us today and experience the Bowater difference! Whether you're looking to open an account or learn more about our services, we're here for you. Visit us during our operating hours from 9 AM to 5 PM Monday through Thursday, 9 AM to 6 PM on Friday, and 9 AM to 12:30 PM on Saturday. Let's work together towards a brighter financial future!

Branch History & Mission

A Legacy of Growth

Since our founding nearly seven decades ago, we have grown from humble beginnings into a trusted financial partner for over 20,000 members. With total assets amounting to $316,753,289, we pride ourselves on being a secure and reliable choice for personal banking, auto loans, mortgages, and much more. Our journey reflects not just growth in numbers but also the deep relationships we've built with our members and the local community. Over the years, we've adapted to meet the changing needs of our members by embracing technology and enhancing our service offerings. From online banking to mobile payments, we're dedicated to making your banking experience as convenient as possible. We ensure accessibility through ADA compliance and provide essential services like ATM access and drive-thru banking.

Our Mission

At Bowater Employees, our mission is straightforward: to empower our members by providing exceptional financial services while actively supporting the communities we serve. We understand that financial health is key to personal success; therefore, we offer personalized solutions that cater to individual needs whether it's opening a checking account or securing a loan for your dream car. Our outreach doesn't stop at banking services. We are committed to improving the lives of those in our community through various partnerships and initiatives aimed at promoting financial literacy and supporting local projects. By investing in our neighbors and local businesses, we help strengthen the fabric of Cleveland. If you need assistance or wish to learn more about how we can help you achieve your financial goals, feel free to reach out to us at 423-303-5626 during our operating hours: Monday through Thursday from 9 AM to 5 PM, Friday from 9 AM to 6 PM, and Saturday from 9 AM to 12:30 PM. While members can visit us at our branch location on King St SE, official correspondence should be sent to the same address for clarity. Join Bowater Employees today and discover how we can make a positive impact on your financial journey. Experience firsthand the benefits of being part of a credit union that truly cares about its members and community! Visit us online at Bowater Employees or start your membership application here.

Branch Location & Accessibility

Easy Access and Nearby Landmarks

Our branch is situated near popular local spots, providing a familiar backdrop for our members. You can find us close to the Cleveland Public Library and just a short drive from the scenic Greenway Park. We prioritize accessibility, featuring ADA-compliant entrances and ample parking spaces so that everyone can visit us without hassle.

Operating Hours Tailored to You

We understand that life can be busy, which is why our doors are open when you need them. Stop by Monday through Thursday from 9:00 AM to 5:00 PM, and enjoy extended hours on Fridays until 6:00 PM. If weekends are more convenient for you, our drive-thru service is available on Saturdays from 9:00 AM to 12:30 PM.

Services That Meet Your Needs

At Bowater Employees Credit Union, we offer a variety of services tailored to support your financial journey. From checking and savings accounts to auto loans and credit cards with rewards, we have solutions that fit every member's lifestyle. Plus, with our ATM available on-site and drive-thru banking options, accessing your funds has never been easier. While members can visit us at 1040 King St SE, official correspondence should be sent to the same address as our mailing address. Feel free to reach out at 423-303-5626 if you have any questions or need assistance. We invite you to come by and see how we can help you achieve your financial goals!

Member Eligibility

Becoming a member of Bowater Employees is like joining a close-knit family where your financial well-being is our top priority. If you live, work, or attend school in the Bradley County area, you're already on the right path to membership! We welcome individuals who share a commitment to community and support one another. Plus, as a member, you'll enjoy a variety of benefits tailored just for you, from personalized service to competitive rates on loans and savings accounts. To take the next step toward membership at Bowater Employees, simply visit us at our location at 1040 King St Se Cleveland Tn 37311 or give us a call at (423) 303-5626. You can also check out our eligibility criteria in more detail by visiting https://bowaterecu.org/membership/ . When you're ready to open an account, it's easy just head over to https://bowaterecu.org/get-started/ for all the information you need. Joining us means stepping into a world of financial opportunities designed with you in mind!

Business Banking & Commercial Services

Business Loan Options

Our commitment to supporting businesses is evident, with investments in business growth through our commercial lending programs: - We've funded over $0 in commercial loans for our members, helping businesses scale and succeed. - We also support the broader business community with $0 in non-member commercial loans, providing flexible financing solutions. - With an outstanding commercial loan portfolio of $0, we continue to drive economic growth by financing new and expanding businesses.

Merchant Services

Beyond loans, our merchant services simplify transactions so you can focus on what you do best running your business. Whether it's setting up a point-of-sale system or streamlining payment processing, our solutions are designed to fit seamlessly into your daily operations. This means more time for you to connect with customers and grow your brand. Located at 1040 King St Se Cleveland Tn 37311 in Cleveland, TN, we're here to help you take the next step in your business journey. Contact us today at (423) 303-5626 or visit our website for more information!

Comprehensive List Of Services

Business Banking Support

For our entrepreneurial members, our business banking services include merchant services and business loans tailored to support your growing business. We believe that local businesses drive our community forward, and we're here to provide the financial backing they need.

Convenient Access Anytime

Convenience is key at Bowater Employees. With ATM access available and basic drive-thru banking services for deposits and withdrawals, managing your money has never been easier. Whether you're stopping by during lunch or on your way home from work, our branch hours are designed with your schedule in mind open late on Fridays and until noon on Saturdays. In today's digital age, we also offer online and mobile banking features that allow you to take control of your finances wherever you are. From person-to-person payments to electronic statements, managing your accounts is just a click away. If you're ready to explore all that Bowater Employees has to offer, visit us at 1040 King St Se Cleveland Tn 37311 or give us a call at (423) 303-5626. Join us today and experience personalized service from a credit union that truly cares about its members!

Financing Your Dreams

When it comes to financing, Bowater Employees has you covered with an array of loan options. Whether you're dreaming of a new car or planning to consolidate debt, our auto loans and personal loans are here to make those dreams a reality. Our mortgage loans and refinancing options can help you secure that perfect home without breaking the bank. Imagine driving away in a new vehicle or finally owning a home our team is committed to making it happen for you.

Personal Banking Made Easy

For those seeking everyday banking solutions, we offer various personal banking options. Our checking and savings accounts are designed to help you manage your finances effortlessly. Imagine having a safe place for your money while also earning interest on your savings! Plus, with features like online banking and mobile payments, accessing your accounts is simpler than ever. You can check balances, transfer funds, and even pay bills from the comfort of your home or on the go.

Rewarding Credit Solutions

We also understand the importance of credit cards in today's world. That's why we offer credit cards with rewards that let you earn points for purchases you already make. Picture yourself getting cash back or travel rewards just by using your card for everyday expenses!

Digital & Online Banking

Key Features

Our online services come packed with helpful features. Enjoy the convenience of electronic signature authorization for quick and secure document signing, making it easier than ever to finalize transactions without needing to visit a branch. You can also opt for e-statements, allowing you to receive your bank statements electronically no more waiting for the mail! For those who love using their smartphones, our mobile application is available for download. This app not only allows you to manage your account but also supports mobile payments, enabling you to make quick and easy purchases right from your phone. Plus, with person-to-person transfers, sending money to friends or family has never been simpler just a few taps and it's done!

Security and Support

We prioritize your security with every transaction. Our online banking system utilizes top-notch security protocols to keep your information safe. Should you have any questions or need assistance while using our services, our dedicated support team is just a phone call away at (423) 303-5626. In summary, Bowater Employees offers a full suite of digital banking services that are designed to fit seamlessly into your life. From mobile apps to e-statements and 24/7 access through online banking, we make managing your money simple and secure. Embrace the ease of modern banking today!

Financial Strength

Commitment to Growth

With $26,658,961 in undivided earnings, we reinvest in innovative banking tools, stronger lending options, and enhanced security measures to serve our members better. Our commitment to lending is evident with $3,257 in used auto loans and $203,006,236 in total loans and leases, supporting our members' financial goals across various sectors.

Growing Member Base

Total Share Accounts stand at 40,488, showing a strong and growing member base that trusts us with their finances. Net Shares (Funds available for lending and investments): $4,752,961. Our financial strength means we can continue serving you with confidence. Whether you're saving, borrowing, or planning for the future, Bowater Employees is your trusted partner. Visit us at 1040 King St Se Cleveland Tn 37311 or call (423) 303-5626 to learn more about how we can help you achieve your financial goals.

Member-Centric Savings Options

Members' savings are secured through $101,954,160 in share certificates and $19,690,830 in money market shares, offering stable and rewarding financial growth opportunities. Unlike traditional banks, we prioritize our members. With non-member deposits at $0, we ensure that our resources are focused on benefiting you through better loan rates, lower fees, and exclusive perks.

Operational Efficiency

Our $-32,193 reflects our operational efficiency, enabling us to continue offering competitive loan rates and solid financial products for our members. We also take pride in having 60 full-time employees and 7 part-time employees, ensuring our branches are always ready to serve you with a knowledgeable, committed team.

Strong Capital Foundation

With a net worth of $26,758,702, we maintain strong financial health, allowing us to offer better rates, lower fees, and enhanced member services. Our net worth ratio of $844 demonstrates a solid capital foundation, ensuring that we can continue providing loans, competitive savings rates, and uninterrupted services even in uncertain economic times.

Loan Offering

Additional Options

If you're considering refinancing options or want to know more about eligibility requirements for any of our loan products, feel free to reach out to us at (423) 303-5626. Our friendly staff at 1040 King St Se Cleveland Tn 37311, located in beautiful Cleveland, TN, are ready to assist you from 9:00 AM - 5:00 PM M-Th, 9:00 AM - 6:00 PM F, and 9:00 AM - 12:30 PM Sat. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov , based on the latest results. No matter what stage you're at in life, Bowater Employees has a loan product tailored for you. Explore your options today!

Auto Loans

Looking to buy a new car? Our auto loans offer some of the lowest rates in the industry, with over $47,530,080 in used vehicle loans and $23,534,474 in new vehicle loans already helping members get on the road. We provide flexible terms that fit your budget, making it easier than ever to drive off with the vehicle you want.

Mortgage Loans

Thinking about homeownership? Our mortgage options, including Junior Lien 1-4 Family Residential Properties loans totaling $60,729,886, make buying or refinancing simple. Whether you're purchasing your first home or looking to refinance an existing mortgage, our team is here to guide you through the process and find the best solution for your situation.

Unsecured Credit Cards

Managing everyday expenses can sometimes be challenging. We also offer flexible terms on unsecured credit card loans, with a total of $2,446,405 in loans helping members manage their finances effectively. With competitive interest rates and no annual fees, our credit cards can be a great tool for budgeting and building credit.

Loan Aggregator

Benefits of Using LendMesh

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How LendMesh Ensures Accurate Loan Comparisons

Loan data on LendMesh is sourced directly from banks and credit unions that comply with National Credit Union Administration (NCUA) lending standards, based on the latest results (Source: https://www.ncua.gov ). This means you can trust that the loan offers displayed are fair and transparent.

BOWATER EMPLOYEES CREDIT UNION