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Nonprofit · EIN 62-0553259

BOWATER EMPLOYEES CREDIT UNION

Tax-exempt · CALHOUN, TN 37309

Financials

$15.2M$12.1M2023$19.3M$15.3M2024$22.4M$19.1M2025
Revenue Expenses · by fiscal year end
Financials of BOWATER EMPLOYEES CREDIT UNION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990$22,414,931$19,098,616$3,316,315$296,259,097$266,283,819$29,975,278
December 31, 2024990$19,263,873$15,280,795$3,983,078$304,302,659$277,643,696$26,658,963
December 31, 2023990$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.

NameTitleHours / weekCompensationOther / benefits
Matthew HoldenExecutive Consultant
Former
40$221,671$50,431
Jennifer CarterCEO
Officer
40$176,560$42,099
Travis GilesVice Chairperson
Trustee or director
2$10,839$0
Thomas J ElliottDirector
Trustee or director
2$9,565$0
David LattimoreChairman
Trustee or director
2$0$0
Jamie CreekmoreTreasurer
Trustee or director
2$0$0
Clara Pat BurgerDirector
Trustee or director
2$0$0
Jean Ann ToomeySecretary
Trustee or director
2$0$0
Todd HarrisDirector
Trustee or director
2$0$0
990 for the year ended December 31, 2024: 8 people
NameTitleHours / weekCompensationOther / benefits
Matthew HoldenCEO
Officer
40$213,298$50,973
Jamie CreekmoreTreasurer
Trustee or director
2$5,782$0
Todd HarrisDirector
Trustee or director
2$3,974$0
David LattimoreChairman
Trustee or director
2$0$0
Travis GilesVice Chairperson
Trustee or director
2$0$0
Clara Pat BurgerDirector
Trustee or director
2$0$0
Jean Ann ToomeySecretary
Trustee or director
2$0$0
Thomas J ElliottDirector
Trustee or director
2$0$0
990 for the year ended December 31, 2023: 8 people
NameTitleHours / weekCompensationOther / benefits
Matthew HoldenCEO
Officer
40$182,368$37,783
Thomas J ElliottDirector
Trustee or director
2$6,667$0
David LattimoreChairman
Trustee or director
2$0$0
Jamie CreekmoreTreasurer
Trustee or director
2$0$0
Travis GilesVice Chairperson
Trustee or director
2$0$0
Clara Pat BurgerDirector
Trustee or director
2$0$0
Jean Ann ToomeySecretary
Trustee or director
2$0$0
Todd HarrisDirector
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

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.

990 for the year ended December 31, 2025

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026990 on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 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
Assets (IRS master file)
$296,259,097
Income (IRS master file)
$22,414,931

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2025$22,414,931$19,098,616$296,259,097XML
990December 2024$19,263,873$15,280,795$304,302,659XML
990December 2023$15,164,063$12,148,612$255,580,708XML
990December 2022$12,161,157$9,674,319$258,960,499IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2019–––IRS
990December 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

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