# BOWATER EMPLOYEES
Calhoun, TN · NCUA charter 67970 · asset band $200-500M · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/bowater-employees-67970

Who the members are: state charter, organized 1954, low-income designated. 20,767 members of 241,000 potential (8.6% of the field); checking penetration 72% (share draft accounts per 100 members); loans per 100 members 59.

**Verdict on the desk:** this could be *ordinary*. Composite score 1 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $300.1M |
| Members | 20,767 (2.8% YoY) |
| Full-time staff | 60 |
| Net worth | $30.9M |
| Net worth ratio | 10.3% (p34 of band) |
| ROA (annualized) | 1.29% (p84 of band) |
| Total delinquency | 0.58% (p48 of band) |
| Net charge-offs (annualized) | 0.67% (p75 of band) |
| Loans / shares | 81% (p68 of band) |
| Cash / assets | 10.4% |
| Borrowings / assets | 0.00% |
| Net interest margin | 4.57% (p95 of band) |
| Operating expense / assets | 3.81% (p55 of band) |
| Vehicles % of loans | 32% (p48 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 0% |
| Third-party paper % of net worth | 0% (p9 of band) |
| Vehicle delinquency | 0.45% (p41 of band) |
| Vehicle NCO | 0.57% (p47 of band) |
| Repossessed % of vehicle book | 0.09% (p69 of band) |
| Real estate % of loans | 52% |
| Credit cards % of loans | 1% |
| Unsecured % of loans | 8% |
| Commercial % of net worth | 0% |
| Core shares % of member funds | 52% |
| Certificates % of member funds | 27% |
| Average share balance | $6,509 |
| Participations bought / yr | $49.6M |
| Participations sold / yr | $0 |
| Participations outstanding | $41.5M |
| Loans outstanding per 100 members | 59% |
| Loans granted per 100 members, annualized | 59% |
| Average loan balance | $17,719 |
| Loans granted, annualized | $151.4M |

## Participation posture (from the same filings)

Bought $49.6M and sold $0 in the latest annualized quarter; $41.5M outstanding purchased (134.2% of net worth), $0 sold and retained. Sold in 0 and bought in 8 of the last 8 quarters. Shares -7.0% year over year.

## Flags firing in the latest filing

- **assets shrinking** (`shrink_assets`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 0 |  |  |
| 2016-06 | 1 | delinquency 2x band |  |
| 2016-09 | 2 | net worth falling |  |
| 2016-12 | 2 |  |  |
| 2017-03 | 4 | losing money, delinquency rising |  |
| 2017-06 | 1 |  | delinquency 2x band, losing money, delinquency rising |
| 2017-09 | 0 |  | net worth falling |
| 2017-12 | 0 |  |  |
| 2018-03 | 2 | thin capital, net worth falling |  |
| 2018-06 | 2 |  |  |
| 2018-09 | 2 | delinquency 2x band, members leaving | thin capital, net worth falling |
| 2018-12 | 2 |  |  |
| 2019-03 | 2 | thin capital | delinquency 2x band |
| 2019-06 | 3 | net worth falling |  |
| 2019-09 | 2 |  | members leaving |
| 2019-12 | 1 |  | net worth falling |
| 2020-03 | 1 |  |  |
| 2020-06 | 2 | net worth falling |  |
| 2020-09 | 2 |  |  |
| 2020-12 | 3 | margin squeeze |  |
| 2021-03 | 3 |  |  |
| 2021-06 | 1 |  | net worth falling, margin squeeze |
| 2021-09 | 2 | delinquency 2x band |  |
| 2021-12 | 2 | net worth falling | delinquency 2x band |
| 2022-03 | 4 | delinquency 2x band, delinquency rising |  |
| 2022-06 | 3 |  | net worth falling |
| 2022-09 | 1 |  | delinquency 2x band, delinquency rising |
| 2022-12 | 3 | delinquency 2x band, delinquency rising |  |
| 2023-03 | 1 |  | delinquency 2x band, delinquency rising |
| 2023-06 | 1 |  |  |
| 2023-09 | 1 |  |  |
| 2023-12 | 1 |  |  |
| 2024-03 | 1 |  |  |
| 2024-06 | 0 |  | thin capital |
| 2024-09 | 0 |  |  |
| 2024-12 | 1 | thin capital |  |
| 2025-03 | 3 | net worth falling, losing money |  |
| 2025-06 | 1 |  | net worth falling, losing money |
| 2025-09 | 0 |  | thin capital |
| 2025-12 | 0 |  |  |
| 2026-03 | 1 | assets shrinking |  |

## In the news (Google News, unfiltered, newest first; check the city)

- 2025-06-19 [UPDATE: Donations destroyed in Monday evening fire at Bowater storage facility in Calhoun, TN - Local 3 News](https://news.google.com/rss/articles/CBMiiwJBVV95cUxQSmN2NE5fS0VmUVBsZmYyRDBvRGV3RTBJQ2xfYXFDaXp3UTlqS0dVaU85VFhWa3hqZml5Q0RMTWJpVllFTU1EbWJuN0paTFExUTlBbnFmZWJtMEN5YXBmRTNEY3AzTHBBdENaZndsVUo4RkRsaUNvSzdzRGM0TmduX2lJNk56eTJaRzFyblhaNnZkV3VXYlVYSjVBbXJ0U25DWDJRYnc4cDRJaWVjSkJPdmwtcGh4WmxMTV96Uy1rQ3lqNk40LTVmYjFtMWNkUGNmLXpvTEJJNndob003YmQxbmdfdDZjeUZCZkxuMWZ3MFEyLUNSdjRQb2ZvR1dvcEFFa2JodG5wbmlfS2c?oc=5) · Local 3 News
- 2025-06-11 [Robert Anthony Miller Obituary Mar 19, 2021 - obituary.companionfunerals.com](https://news.google.com/rss/articles/CBMibEFVX3lxTE1YU0NKVlFOa1JMYTdSbkFQUlEzSElJcElIRjF0Z09weTJZWWdFRnFlaHJzYTBLeTU3Q1RJTnNZakctSUU2b0d6ZWppSWhINDN2ZDNuVkNKak9xdk5Md1huc1AzN05vZl9fZmhmQg?oc=5) · obituary.companionfunerals.com
- 2014-11-15 [Man gets back wedding band lost 25 years ago - 6abc Philadelphia](https://news.google.com/rss/articles/CBMihAFBVV95cUxQZHVRbXBtWTBxN2REcW95dmZtWEJrWldXZi10a0hONl9JaS03b3VjdjdVTzdMdG1VX2kwdW92SHlQamVpcTZrelN3WFBtVEZYdVBMay1IdkVVT0lvZXVHY1BKaEpvUldTZU1HQnZsbnhiNDJJdHZtZDNfQWdtSnloNnd2eWXSAYQBQVVfeXFMUGR1UW1wbVkwcTdkRHFveXZmbVhCa1pXV2YtdGtITjZfSWktN291Y3Y3VU83THRtVV9pMHVvdkh5UGplaXE2a3pTd1hQbVRGWHVQTGstSHZFVU9Jb2V1R2NQSmhKb1JXU2VNR0J2bG54YjQySXR2bWQzX0FnbUp5aDZ3dnll?oc=5) · 6abc Philadelphia
- 2025-04-10 [America's Best Regional Banks and Credit Unions 2025 - Tennessee - Newsweek Rankings](https://news.google.com/rss/articles/CBMikAFBVV95cUxPU3h5RW1VTUtjSG1vSmRwSGo1RXZjdlFpa3F6NjhOU2EtRW9HR1ZndlZwTE94dlJBQ19rekotdVlCXzYtUUk2TWx4clNNUEhwXzZpckQ4bE5XNlRFOENBUklEXzctam1yY2hJc2otQk5NdWpVeWxKSHk1VnlsU0FiVnAyTmU3d1dfUzAxOGVQd1M?oc=5) · Newsweek Rankings
- 2026-01-22 [Curtis "Kirk" Jordan Obituary Jan 10, 2010 - bordwinefuneralhome.com](https://news.google.com/rss/articles/CBMibEFVX3lxTE43YlV3Mm5pazRhMDh2M3F3TGF0RTg3STFlOHZ1UnBqX0plZ1dKNDdSSUNwX3otMDUtNnRXV05BWHlqLXk3b2w0cHFXcG9EUXRlc21la1Nlak1semJLWjJmQktVd1ZWbE95VlV5RQ?oc=5) · bordwinefuneralhome.com
- 2009-01-06 [Robert Lee Wright Obituary Jan 6, 2009 - bucknerfike.com](https://news.google.com/rss/articles/CBMiWkFVX3lxTFBSS0lONVMzT2dzM2VValUwbjRGSG41Z184UnlGV3o5cXVwRE5ONkVxUHduNEZQLVdfWE1CZVBnTUVKanhUWFItZUY1TzVFUmZjTXkzVVhmXzhFdw?oc=5) · bucknerfike.com
- 2018-08-02 [Atlas Physical Therapy holds ribbon cutting - The Daily Post-Athenian](https://news.google.com/rss/articles/CBMijwFBVV95cUxQTjNXWTk0dTJlWWF0TzhhcW9JXy1PbGRMUGJERnI0M1A5TmZyOTdRanJSWWNCME11QWFnYzJhVlotZWVwTG9iV0dUT1hrY3V6TFpEVGM3VDhKNEF0LXdWTm9tclREYUZoeWhZWEZ2YVhhejVLN09KVU1aZmhQSnEyTGJPNlpnb3BfMkZHMFU2SQ?oc=5) · The Daily Post-Athenian
- 2015-02-26 [Snow strikes again: More than 6 inches of snow to cover Chattanooga area, forecasters say - Chattanooga Times Free Press](https://news.google.com/rss/articles/CBMioAFBVV95cUxPelc5SFFvdENkaG5KQW5rend0Uzh5Qzd0dTc1elU3VHVjVUFwMmdJWF9uNUxweEc0MzEwYnk5bWQ2eEt2MmNzc29kRW4yQzltM0x3bGJEWl81Ml84Zk1RSWtHOTRfZklHMEFScjFOamNHVjJaZDFDTFRYaUpWRnA5NGRFYWlSZ0FuOXhxOTRoekE0TmN0WEwtWmk5c3dBMDlZ?oc=5) · Chattanooga Times Free Press

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=67970 (every cell opens its formula and NCUA account codes; the News tab is the same search)
- Latest row, JSON: https://getbookiq.com/cu-intel/data/summary.json · history: https://getbookiq.com/cu-intel/data/h/2.json (key "67970", columns cycle, assets, loans, shares, networth, nwr, roa, total_dq_pct, total_nco_pct, vehicle, veh_pct_loans, indirect, ind_pct_veh, ind_veh, ind_re, ind_comm, ind_other, ind_pct_loans, loans_n, granted_n_ytd, granted_ann, loan_pen, granted_pen, avg_loan_bal, loans_per_fte, veh_part, tp_pct_nw, veh_dq_pct, veh_nco_pct, repo_pct_veh, members_yoy, ltos, cash_pct, borrow_pct, nim_pct, opex_pct, risk_score, members, fte, cash_total, invest_sec, allowance_eff, int_income_ytd, int_exp_ytd, provision_eff_ytd, nonint_income_ytd, nonint_exp_ytd, net_income_ytd, n_flags, re_pct_loans, cc_pct_loans, comm_pct_loans, cert_pct_shares, core_pct_shares, part_buy_ann, part_sell_ann, pot_members, sh_draft_n, chk_pen, fom_pen, flags)
- Participation history: https://getbookiq.com/participation-desk/#cu=67970
- Field definitions: https://getbookiq.com/dictionary/#cu-ltos and the rest of the credit union dictionary
- Source: NCUA 5300 call report bulk files. Income fields are annualized by cycle month (Mar x4, Jun x2, Sep x4/3, Dec x1). Percentiles are within the asset band in the same quarter.

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Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide