2024 Overview
General Credit Union Information
Westmark is an NCUA insured institution located in Idaho Falls, ID. It was founded in 1954 and has approximately $1379.75 millions in assets.
Who can join?
To qualify for membership, you must be one of the following:
• Employed by or retired from one of several hundred Member Firms, employer groups, or associations.
• A blood relative of a current Westmark member.
• Employed in one of 34 counties in Southern Idaho.
| NCUA Insured | Yes / State-Chartered |
| Charter Number # | # 68353 |
| Date Established | 1954 |
| Assets | $1,379.75 million |
| Loans | $1,195.17 million |
| Deposits | $1,211.27 million |
| Capital | $114.80 million |
Field of Membership Restrictions
Membership is open to employees and retirees of several hundred member groups throughout Idaho.
Deposit Rates - April 26, 2024
Your Current Location: Ohio, OH 43085
| Savings and Money Market Rates (Share Account Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| Savings
|
0.10% | $1,000 | $4,999 |
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|
|
Money Market
|
0.10% | $1,000 | $4,999 |
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|
|
Money Market
|
0.10% | $10,000 | $19,999 |
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|
|
Money Market
|
0.10% | $20,000 | $49,999 |
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|
| CD Rates (Share Certificate Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| 6 Mo CD
|
0.30% | $500 | $49,999 |
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|
| 12 Mo CD
|
0.65% | $500 | $49,999 |
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|
| 18 Mo CD
|
0.70% | $500 | $49,999 |
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|
| 24 Mo CD
|
0.90% | $500 | $49,999 |
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|
| 36 Mo CD
|
0.95% | $500 | $49,999 |
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|
| 48 Mo CD
|
1.00% | $500 | $49,999 |
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|
| 60 Mo CD
|
1.00% | $500 | $49,999 |
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|
| Variable IRA Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| Var IRA
|
0.15% | $1 | - | Learn More |
| Int Checking Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| Int Ckg
|
0.40% | $500 | $4,999 | Learn More |
Loan Rates - April 26, 2024
Your Current Location: Ohio, OH 43085
There are currently no loan rates available for Westmark
Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:
Featured - Ohio 30 Year Fixed Mortgage Rates 2024
| Lender | APR | Rate (%) | Points | Fees | Monthly Payment |
Learn More |
|---|---|---|---|---|---|---|
NMLS ID: 401822 |
6.944% | 6.750% | 1.00 | $6,400 | $2,076 | Learn More |
NMLS ID: 2059741 |
7.018% | 6.875% | 0.88 | $4,672 | $2,103 | Learn More |
NMLS ID: 3030 |
7.476% | 7.375% | 1.00 | $3,200 | $2,211 | Learn More |
NMLS ID: Not a Lender |
Learn More |
Featured - Ohio Home Equity Line Of Credit Rates 2024
| Lender | APR (%)? | Monthly Payment? | Learn More |
|---|---|---|---|
Third Federal Savings and Loan See Table |
7.490 %
|
$0 |
Learn More
More Info |
Note to Westmark
To upload and update your bank's rates please register.
It is free to register and add rates.
Branches
Below are Westmark branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.
Your Location:
Columbus,Ohio
Climate Policy and Initiatives
WESTMARK is encouraged to provide us with this information. When we receive this information from the credit union, we will provide it here.
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Financial Details
Westmark Ratio Analysis
The following ratios and data are available to help you better understand the financial condition of Westmark. The data is provided by the NCUA. All credit unions on BestCashCow, except those specified as not NCUA-insured in the overview section above, are NCUA-insured. Depositors should be careful to remain within NCUA insurance limits.
Texas Ratio
| Westmark | U.S. Average |
|---|---|
| 8.62% | 6.97 |
The Texas Ratio compares the amount of loans at risk and assets repossessed with the amount a credit union has on hand to cover any losses. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a credit union has to absorb its loan losses.
As of December 31, 2023, Westmark had $9,684,019 in non-current loans and $430,389 in owned assets. To cover these potential losses it had $114,798,284 in net worth and $2,602,064 in loans loss reserves. That gives it a Texas Ratio of 8.62%.
Net Worth
| Westmark | U.S. Average |
|---|---|
| 8.36% | 13.62% |
Westmark FCU has a net worth of 8.36% versus the BestCashCow average of 13.62. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.
Customer Reviews for Westmark
hhenry
December 24, 2020
I would really love to be a fan. I really would. I know people who work at Westmark CU, whom I very much like and respect; and I like to support locally-owned businesses. But this latest debacle confirms the previous poor opinion I had of Westmark. Bottom line is that I am out of patience and time.
I have spent literally hours on the phone trying to get an answer to a straightforward question: how is a payment to a car loan applied when there is a late fee involved? Without exception, I get a different answer depending on who I talk to (teller, supervisor, branch manager, person the legal department) and so far, all answers are devoid of logic and the math doesn't work.
It appears personnel training is poor, and there is lack of consistency in applying policy. It is maddening to continually get different answers. The upshot of all this is that the customer gets blamed for "not understanding" and no reasonable/rational answers are forthcoming.
As an aside, I waited a week to get information that was promised to be sent via email and snail mail. As it turns out, the information (sensitive in nature) was sent to the wrong email address (huge security concern) after that email address was twice confirmed, and NOT mailed via snail mail as promised. Was there an apology? NOPE.
Based on these experiences, I cannot recommend Westmark CU.
Is this review helpful? Yes:0 / No: 0
Janice
April 22, 2020 |
Why is swift code of Westmark to receive international wire
Is this review helpful? Yes:0 / No: 0
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