Westmark Credit Union
We are a full-service financial institution, owned by our members & committed to the development of their financial future. We have 10 convenient locations.

Personal Finance Tips for Young Professionals

Young professionals personal banking in IdahoThe banking habits that you cultivate now can have a demonstrative impact on your future fiscal health. A credit union serving Idaho can help you start on the path to financial prosperity, as it allows you to open a free checking and savings account. The following financial advice can likewise make it easy to create a sound financial future:

Avoid Credit Card Debt

The temptation to spend beyond your means can be easy when you have a credit card. However, this payment aid can quickly put you in danger of debt and even bankruptcy if you start the habit of purchasing in excess of what you can pay. Even when you allow your credit card balance to collect for a month or two, you may suddenly find yourself unable to pay it off. As a result, you will continue to pay interest for your purchases that could go toward more worthy expenses such as a down payment on a home.

Start Saving Now

Retirement is a major life change that many people experience, yet many of them are not financially ready for such a transition. Especially as more people are enjoying extended retirement periods due to longer life spans, they may need considerably more in retirement funds than they assume. To ensure that you can retire comfortably, begin saving for it as soon as possible.

Protect Your Financial Information

Identity theft can have widespread ramifications on your monetary funds, credit score, and other aspects of your financial health. Being select with whom and how you share your confidential information is an important way to prevent becoming the victim of identity theft. Checking your banking information is another important measure you can take to ensure your financial security. Online banking makes it convenient to securely review your financial information periodically from any computer or mobile device.

Let Westmark Credit Union help you create a healthy financial future. We offer multiple services that make it easy to protect your information and save for life’s most important investments and events. Call (888) 575-8704 for information on our extensive financial products and services options or visit one of our branches located in Idaho Falls, Blackfoot, Pocatello, Rigby, Rexburg, Meridian, Eagle and Nampa.

Spotlight on the Westmark Primary Savings Account

Savings account in IdahoAt Westmark Credit Union, we offer several different savings account options. The most common savings product is our Primary Savings Account. When you open a Primary Savings Account, you become a member of Westmark Credit Union. Your credit union membership earns you voting privileges in our Board of Directors elections and gives you access to our other financial services, such as mortgage loans and credit cards.

Our Primary Savings Account requires only a $5 minimum and no monthly service fee. In addition to 24-hour ATM access with a personalized debit card, credit union members also have 24-hour phone access to their account information. Primary Savings Account members enjoy free account statements, direct deposit options, and great dividend rates.


If you are looking for a member-owned financial institution that offers a full range of financial services, give us a call today at (208) 523-1071 or (800) 574-5626. Our knowledgeable credit union staff can help you decide which savings account options are right for you.

How to Improve Your Credit Score

Your credit score is the number used by lenders to determine how much money they can lend you as well as your qualifying interest rate. A credit score of 720 or higher is an optimum score, which qualifies you for the best loan options and interest rates.

Watch this video to learn how to improve your credit score. The most important thing you can do to improve your credit score is to pay off as much outstanding debt as possible. This is because your credit score is based on the ratio of credit that you owe versus the amount of money that you have available.


Are you interested in applying for a mortgage loan or credit card? Contact Westmark Credit Union today at (208) 523-1071 or (800) 574-5626 for more information about our wide range of financial services.

The Most Common Types of Mortgages

Mortgages in IdahoIf you’re looking to buy a home, it’s important to understand the different types of available mortgage loans. Here are the most common types of mortgages you will find these days:

Fixed-Rate Home Loan

When you enter into a fixed-rate home loan, the interest rate stays the same for the entire term of the loan. The amount of money is split into even payments throughout the life of the loan. Because the interest rate does not change, borrowers who choose a fixed-rate mortgage loan have the advantage of budgeting around a consistent monthly payment.

Adjustable-Rate Mortgage

With an adjustable-rate mortgage, your interest fluctuates from year to year. This fluctuation is based on a national index. Whereas in a fixed-rate home loan, the lender assumes the risk by agreeing to one interest rate in an ever-changing market, an adjustable rate mortgage transfers some of that risk to the borrower. Because the rates are tied to a national index, borrowers with adjustable-rate mortgages follow the market trends—for better or worse.

Hybrid Adjustable-Rate Mortgages

A hybrid adjustable rate mortgage is a blend between a fixed-rate and an adjustable-rate loan. In a hybrid adjustable-rate mortgage, the lender agrees to fix the interest for a certain period of time. After the initial fixed term of the loan, the loan resets and interest becomes adjustable. The interest rate is then based on a national index and may include an additional margin.

Interest-Only Loan

An interest-only loan is a loan where the borrower pays only the interest on the loan for a set period of time. The principle of the loan does not change during the initial interest-only time. At the end of the interest-only period, the principle is then amortized for the remainder of the loan period. Borrowers who choose this option are generally making a large home purchase, and may expect to start making more money in the future. Interest-only payments are usually considerably less than payments after the loan is reset.

If you’re looking for a home loan in Idaho, call Westmark Credit Union at (208) 523-1071 or (800) 574-5626. Whether you are looking to buy a home, make improvements to an existing home, or utilize your home’s equity for personal expenses, we have loan options that are right for you.

Keeping Your Mobile Banking Secure

Secure mobile banking in IdahoMobile banking is a convenient way to access your bank account from anywhere. At Westmark Credit Union, we take the security of our mobile banking members very seriously. We have employed the most secure methods of identity verification and authentication. In order to keep your bank activity as safe and secure as possible, here are three great tips for making sure your banking information stays safe:

Avoid Phishing Scams

Phishing is when hackers attempt to trick you into sharing private information online. Phishing is common enough that you should never follow a banking link sent to you in an email or a text message. This is because such messages could be sent from a site designed as a fake replica of your bank’s website. These websites attempt to collect your personal and financial information. It’s a good idea to bookmark your bank’s website into your phone so that you always visit the website directly.

Avoid Using Public Networks

If you’re using your mobile device in a public location, you should avoid logging in to your mobile banking account while connected to the public wireless. Public wireless connections are not as secure as private connections. Because sensitive information can be compromised through public wireless connections, it’s a good idea to disable the wireless option on your phone and switch to the cellular network instead.

Lock Your Phone

Many mobile devices allow you to set up a digital lock, wherein you are asked to enter a pin number before using your phone. In case you misplace your phone, setting up a digital lock is a good way to add a layer of protection. It’s also important to keep tabs on your mobile devices as much as possible, since they likely contain personal information including banking information, calendars, phone contacts, and email accounts.

If you’re looking for a great financial institution, consider Westmark Credit Union. We offer a wide range of financial services, including mortgages, auto loans, and savings accounts. Call (208) 523-1071 or 1-800-574-5626 to speak to a credit union representative today.

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2520 Channing Way
Idaho Falls, ID 83404

Hours of Operation:

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