Westmark Credit Union

Headquarters

P.o. Box 2869
Idaho Falls, ID 83403
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.10% 1.70% →
1-Year CD 0.65% 2.02% →
2-Year CD 0.90% 2.87% →
5-Year CD 1.00% 3.50% →
30-Year Mortgage N.A. 6.31% →
15-Year Mortgage N.A. 5.86% →
HELOC N.A. 2.79% →

2022 Overview

General Credit Union Information

Westmark is an NCUA insured institution located in Idaho Falls, ID. It was founded in 1954 and has approximately $1227.73 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 $1,227.73 million
Loans $1,089.12 million
Deposits $1,064.53 million
Capital $98.25 million
 

Field of Membership Restrictions

Membership is open to employees and retirees of several hundred member groups throughout Idaho.

Deposit Rates - July 6, 2022

Your Current Location: California, CA 92111

Savings and Money Market Rates (Share Account Rates) APY MIN MAX
Savings
0.10% $1,000 $4,999 Learn More
Money Market
0.10% $1,000 $4,999 Learn More
Money Market
0.10% $10,000 $19,999 Learn More
Money Market
0.10% $20,000 $49,999 Learn More
CD Rates (Share Certificate Rates) APY MIN MAX
6 Mo CD
0.30% $500 $49,999 Learn More
12 Mo CD
0.65% $500 $49,999 Learn More
18 Mo CD
0.70% $500 $49,999 Learn More
24 Mo CD
0.90% $500 $49,999 Learn More
36 Mo CD
0.95% $500 $49,999 Learn More
48 Mo CD
1.00% $500 $49,999 Learn More
60 Mo CD
1.00% $500 $49,999 Learn More
Variable IRA Rates APY MIN MAX
Var IRA
0.15% $1 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.40% $500 $4,999 Learn MoreShow Less

Loan Rates - July 6, 2022

Your Current Location: California, CA 92111

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 - California 30 Year Fixed Mortgage Rates 2022

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: 413-0477
5.233% 5.125% 0.88 $3,048 $1,362 Learn More
Better.com
NMLS ID: 330511
5.454% 5.375% 0.88 $2,218 $1,400 Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
5.887% 5.750% 1.00 $3,750 $1,459 Learn More

Featured - California Home Equity Line Of Credit Rates 2022

Lender APR (%)? Monthly Payment? Learn More
Bethpage Federal Credit Union
Bethpage Federal Credit Union
See Table
Intro APR
4.240 %
After Intro: 5.500 %
Intro Period: 12 months
$25,000 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:
San Diego,California


Westmark Locations



Climate Initiatives

WESTMARK is encouraged to provide us with this information. When we receive this information from the credit union, we will provide it here.

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
3.65% 4.85

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, 2021, Westmark had $3,461,210 in non-current loans and $224,561 in owned assets. To cover these potential losses it had $98,251,733 in net worth and $2,847,957 in loans loss reserves. That gives it a Texas Ratio of 3.65%.

Net Worth
Westmark U.S. Average
8.44% 12.36%

Westmark FCU has a net worth of 8.44% versus the BestCashCow average of 12.36. 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


  • 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.

  • April 22, 2020 |

    Why is swift code of Westmark to receive international wire

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