Westmark Credit Union

Westmark Credit Union Overview

Westmark Credit Union is located in Idaho Falls, ID. As of 12/2019, Westmark Credit Union employed 295 individuals.

For the year ending 12/2019, Westmark Credit Union generated $41.7m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 9.9% each year. All expenses for the organization totaled $35.5m during the year ending 12/2019. While expenses have increased by 9.1% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2019

Describe the Organization's Mission:

Part 3 - Line 1

PROVIDE TRADITIONAL BANKING SERVICES TO MORE THAN 60,000 MEMBERS INCLUDING CONSUMER LOANS, REAL ESTATE LOANS, COMMERCIAL LOANS, CHECKING, SAVINGS, DEPOSIT ACCOUNTS AND ELECTRONIC SERVICES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

GRANTED $221 MILLION IN CONSUMER AND COMMERCIAL LOANS TO CREDIT UNION MEMBERS.


GRANTED $83 MILLION IN FIRST MORTGAGE AND OTHER REAL ESTATE LOANS TO CREDIT UNION MEMBERS


PROVIDED CHECKING, SAVINGS AND OTHER TRADITIONAL BANKING SERVICES TO CREDIT MEMBERS


UNRELATED BUSINESS PROGRAMS OF FINANCIAL SERVICES AND ATM USAGE FEES BY NON-MEMBERS


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Westmark Credit Union Board, Officers & Key Employees

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$40,452,524
Investment income $1,208,686
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $41,696,992

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