Westmark Credit Union is headquartered in Idaho Falls and is the 4th largest credit union in the state of Idaho. It is also the 335th largest credit union in the nation. It was established in 1954 and as of June of 2023, it had grown to 230 employees and 73,628 members at 15 locations. Westmark Credit Union's savings rates are 6X the national average, and it has an A health rating.
Field of Membership Restrictions
Westmark Credit Union membership is open to blood relations of current Credit Union members, and employees or retirees of the following: (1) any of the several hundred employer groups, member firms or associations, or (2) employees or retirees of most employers within one of 34 counties within Idaho.
See current membership details
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Great Customer Service
I went into Westmark to checking maybe switching my account from the bank I am currently with, to a local credit union. I was so impressed with the Deb Wallace. She greeted my with a friendly smile and was able to answer all my questions without any hesitation. I feel that great customer service has been lost since COVID, but she was amazing.
Opening New Checking Account
We went in to change our son's Scottie Saver's account over to a checking account. I loved that they had to have all three of us in order to do this: our son, mom and dad since he is not 18 yet. This felt more safe than his just opening a new account by himself as he has never done this before. The changeover process was very easy and quick and the account manager was very pleasant to work with. We were able to get in immediately and get out quickly. He was able to decide how many savings account he wanted associated with it and where to transfer everything. We didn't have to sign a bunch of new paperwork and they were able to print off his debit card that day.
Unkind, Impersonal, Uncaring...
I think the people who currently run this institution have forgotten what/who made WESTMARK what it is today. They have forgotten how to see and treat people as individuals. When I bought my new car, a simple little inexpensive Nissan Versa Note, all they saw was an excellent credit score and my decent income as a registered nurse working at a well known Home Health and Hospice company. It took all of about five minutes to approve my loan at an awesome 3% interest, needless to say, I was quite pleased at this point and looking forward to the possibility of doing all of my banking with them in the future. However, my excitement was soon replaced with frustration when it came time to make my first payment. I received a letter stating my payment amount and the due date but no payment coupon book or even a single coupon attached to the letter. When I called to inquire about this I was told I could make a payment over the phone or in person at the Twin Falls branch. Of course by phone it would cost me an additional $8 fee and since I didn't have a checking account with them there would also be a fee to make the payment in person unless I payed in cash. They would not auto debit my account with another bank and they do not use payment coupon books, so my only option to make my payment every month was to go to my bank, pull out the cash, and bring it in to the Twin Falls branch 20+ miles from my home, and pay in person, or pay an extra fee. After a few months of this I finally gave in to their constant pushing and opened a checking account with them. Before I had the chance to make the necessary changes with my employer to have a portion of my check deposited into my WESTMARK account however, my mom's health took a turn for the worse. I was working two jobs at the time and would get off work at 6:30 am after working between 4&6 12 hr night shifts, drive two hours to get to Boise, and spend my one or two days off in the hospital with her, then drive back home for a quick shower and head back to work for another 4-6 nights of 12hr shifts. I barely had time to say hello to my husband let alone to find time, during business hours, to go make my car payment. I sucked it up a few times and just paid the ridiculous fee to make my payment over the phone. After my mom passed away I did let things get behind a bit, for instance my payment was due on the 26th of the month and I sometimes would not get in to make the payment until a week or two before e next month was due. I never got a late fee though and the teller said that as long as I made the payment before the next one was due I would be fine. I ended up taking a break from nursing and working with a temp agency doing different general labor jobs for a LOT less money, but enjoying EVERY bit of it. In May of this year I had a very difficult time coming up with my payment and ended up about $70 short of my $291 payment, June was due on the 26th and I was sent out of state for 3 weeks at the first of July to train for a position at my new job, when I came home there was a letter stating that my car was going to be repossessed if I didn't reply within ten days. When I called to let them know that I had the $70 for May, and the payment for June, and July's payment as well, (this was on July 17th, 9 days before July s even due, they said it was too late and the car was already called for repossession and they would NOT accept any payments. WOW! May's payment was only $70 short and that $70 was not even two months late, June's payment was not technically late until July's payment was due, which was still more than a week away, and I had money in hand to make the $70 portion from May, as well as June and July payments BEFORE July was even due and they would not accept any of it. When I spoke with the manager she asked me what happened since I had made all my payments so well until then, she even sounded like she cared, so I explained what was happening in my personal life, against my better judgement, and all she had to say was, "Well I'm sorry to hear that but there is nothing I can do about it, you will have to try to get refinanced through someone else within ten days of the day we take your car." Well then why the heck did she even have me tell her my personal information!!!! If she knew NOTHING was going to allow me to keep the car and make my payments then she had no right to ask me for personal information and let me cry while telling it, literally I cried because those few months were very emotional for me, and then to respond very coldly while telling me they were going to take my car anyway!!! When I called her back a few minutes later to tell her that I found someone to refinance, but only if my payments were current, and ask if I could just make the rest of May's payment and make the June payment so my payments would be current, she said that they would NOT accept ANY payment and that I needed to keep looking because there were some places that would refinance but it would likely just cost me a substantially higher interest rate. When they finally took the car, three weeks later, I called the main branch and spoke with the manager there to see if I could reinstate my loan and she told me "It is our policy that we don't do loan reinstatements because we feel that if we are here now then we will just be here again"... Are you kidding me!?! Can you not see in my credit report that I have NEVER been in this situation before?!?!?! Now I have just received a letter stating that they sold my car for 9+ thousand and with fees and the remainder of what I still owed I now owe 7+ thousand... And they had the nerve to ask that I call immediately to MAKE PAYMENT ARRANGEMENTS!!! They refused to allow me to make ANY payment in an effort to keep my car, they refused to reinstate my loan because they felt I would just end up here again, and now they expect me to call and politely set up payment arrangements to pay for a car that I NO LONGER HAVE!!!! I now have a payment for the car I had to get to replace the one they took and now they expect me to make payments on that too!!! Of course I'm going to pay because legally I have no choice, and I will likely have to pay a fee to pay by phone because I'll be darned if I'm going to step foot into that bank to pay in person, but you can't get blood from a turnip, I can only do what I can do and that will have to be enough. All of this could have been avoided if WESTMARK was just a little more understanding and treated people as individuals rather than a standard!!!!! I will NEVER do business with them again and I will ALWAYS be sure to warn other people against doing business with them.
Not So Great Anymore
Recent changes to the Westmark website which include limiting password length and characters used has me wondering if it is wise to stay with them. I question their website security. They also recently changed my PIN without my approval. Now the assigned PIN is hardcoded into the card and shipped through the mail already activated. As I see it, shipping an already activated card through the USPS puts my finances in jeopardy. ANY loss along the way, be it from an accidental mishandling of mail or someone pilfering my mailbox, would have caused great financial harm. It also takes a significant amount of time for a check to clear the bank. Even some credit transactions take quite a while.
Think twice before using this financial institution.
Data as of Q2 2023
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 68353 |
| Year Chartered | 1954 |
| Employees | 230 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.33% |
| Return on Equity - YTD | 4.17% |
| Annual Interest Income | $28.2MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2023vs Q2 2022 | $1.38B$1.32B |
| Loans | Q2 2023vs Q2 2022 | $1.19B$1.19B |
| Deposits | Q2 2023vs Q2 2022 | $1.18B$1.09B |
| Equity Capital | Q2 2023vs Q2 2022 | $111.0MM$104.6MM |
| Loan Loss Allowance | Q2 2023vs Q2 2022 | $0$2.4MM |
| Unbacked Noncurrent Loans | Q2 2023vs Q2 2022 | $1.6MM$509.00K |
| Real Estate Owned | Q2 2023vs Q2 2022 | $0$0 |
