Westmark Credit Union
We are a full-service financial institution, owned by our members & committed to the development of their financial future. We have 12 convenient locations.

Making Your Credit Card Work for You

Obtaining a credit card from a credit union affords you the ability to take advantage of superior interest rates, but there are still some steps you can take to improve your personal finances. Before taking out any particular credit card, make sure you fully understand the terms and conditions. Avoid potential late fees and adverse credit score consequences by paying off the balance in full and on time every month.

When you watch this video, you’ll learn why you should check your monthly statement carefully and what you should do if you find any suspicious activity. This video warns viewers not to reach their credit limits. It’s best to have some credit available for emergencies. Additionally, keeping a low percentage of credit usage is favorable for your credit score.

Westmark Credit Union offers favorable interest rates on credit cards and savings accounts to our valued clients in Idaho. For comprehensive banking services, call (208) 523-1071 and be sure to ask us about our card services.

The Benefits of Opening Credit Union Accounts for Your Kids

Kids can begin learning about money at a very early age. When children are taught how to manage personal finances from a young age, they may be more likely to continue these smart habits into adulthood. If your child has begun to learn how to count and he or she doesn’t already have a savings account, it’s time to visit your local credit union to open an account. Many parents open a credit union savings account for their children even earlier than this; consult your credit union representative to find out about special offers for accounts for newborns.

Becoming Familiar with Handling Money

When your child is beginning to learn about numbers, it’s helpful for them to associate abstract concepts with concrete objects. Instead of showing your child how you can transfer money from your checking account into your child’s savings account, give your child actual dollar bills and coins. Explain the value associated with each bill and coin. Discuss how an account at the credit union will keep the money safe for your child until it’s needed.

Teaching Financial Literacy

As your child grows older, he or she can gain a strong grasp on personal finance topics by managing his or her credit union savings account. Discuss concepts like earning interest on money that your child saves. Together, calculate how much interest your child would earn on a $50 deposit for the next five, 10, or 20 years.

Setting Financial Goals

In addition to learning about personal money management, a credit union savings account can help teach kids how to set financial goals. They can learn about short-term goals like saving up for a new bicycle and about long-term financial goals such as saving for college tuition. Setting goals and developing a plan to reach them will help kids become lifelong savers instead of impulsive spenders.

Kids of all ages can learn how to manage their money with help from the youth programs available at Westmark Credit Union. Our credit union also offers Idaho teenagers the chance to explore financial responsibility with youth checking accounts and secured or co-signed credit cards. Call a branch near you at (208) 523-1071 or visit us online to open a savings account today.

Tips for Paying Your Bills Online

Even the most conscientious of consumers may sometimes neglect to pay a bill on time. Unfortunately, late payments can drag down your credit score. Stay on top of your personal finances and never miss a payment with online banking solutions. Talk to a credit union representative about signing up for mobile banking. All you need to do is add your bills when you sign up. These are payable to either individuals or entities.

Some accounts charge a set amount each month, such as your auto loan or mortgage. It’s easy to set up your mobile banking account so that it automatically pays these bills. If you would like to pay a little extra toward your balance, you can go back later and adjust the amount. For even greater control over your personal finances, take advantage of mobile alerts. You’ll automatically be notified when transactions have posted, a payment is past due, or other activity occurs.

Westmark Credit Union makes it easy for you to stay on top of your finances with our online banking solutions. Residents of Idaho can call our credit union at (208) 523-1071 with questions about mobile banking.

Your First Apartment: Financial Planning for Moving Out

Independence and privacy are often what young adults think about when they consider moving into their first apartment. Moving out of your parents’ home and into your own apartment certainly does give you greater independence, but it also comes with significant financial responsibility. Make sure you’re ready for the challenges that lie ahead before you sign a rental agreement. If you don’t have checking and savings accounts, then your first step is to visit a credit union.

Stabilize Your Income

Working a steady job is a good first step, but if you’re making minimum wage, it likely won’t be enough to rent your first apartment. Invest some time looking for steady, good-paying jobs that will allow you to strike out on your own. When you do have steady income, you’ll need to develop a reasonable budget and stick to it.

Build Your Savings Account

You’ll need steady income to pay your monthly rent and other expenses, but when you first move out, you’ll have additional expenses. Most landlords require a security deposit, which is typically the amount of the monthly rent. Some landlords require first month’s rent, last month’s rent, and a security deposit-and possibly a pet security deposit as well. Your savings account should be healthy enough to cover your initial payments to your landlord, with plenty of cash leftover for emergencies.

Estimate Ongoing Expenses

Before you sign the rental agreement, make sure you can pay all of your ongoing expenses-not just the rent. Unless you find an apartment with utilities included, you’ll have to pay for electricity, heat, hot water, and trash. You’ll also likely have bills for your phone, TV, and car loan.

Prepare for Moving Expenses

Moving into your first apartment is exciting, but be prepared to spend considerable cash furnishing it and stocking the pantry. You might also need to rent a truck or pay a moving company. Avoid depleting your savings account for these expenses. You can shop for used furniture, cookware, and similar items at consignment shops and online sales websites.

At Westmark Credit Union, you’ll find the financial advice and tools you need to get off to a solid financial start in life. We offer a comprehensive suite of banking services in Idaho, including high-yield checking accounts, competitive savings accounts, and low-interest loans. To discuss becoming a member of our credit union, give us a call today at (208) 523-1071.

Savings Accounts 101

A savings account is an important banking tool that allows you to earn interest on the money you deposit. Different financial institutions offer varying interest rates on their savings accounts. Unlike a credit card, a higher interest rate for a savings account is favorable for you because it means you’ll earn more on your money.

You can hear more about savings accounts when you watch this video. This financial advisor discusses the various options, including basic savings accounts, money market accounts, and Certificates of Deposit (CDs). To find the best available interest rate, you should consider your local credit union.

Westmark Credit Union features competitive offers for all of our personal finance products for Idaho residents, including our array of attractive savings accounts. Call (208) 523-1071 or visit a branch today to check out our credit union rates.

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2520 Channing Way
Idaho Falls, ID 83404

Hours of Operation:

  • Closed Sunday
  • 9:30 AM to 5:00 PM Monday
  • 9:30 AM to 5:00 PM Tuesday
  • 9:30 AM to 5:00 PM Wednesday
  • 9:30 AM to 5:00 PM Thursday
  • 9:30 AM to 6:00 PM Friday
  • 9:00 AM to 1:00 PM Saturday