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.

Financial Accounts Everyone Should Have

When you’re ready to take charge of your finances, having the right accounts to support your goals is the first step. Personal finance needs vary from individual to individual, but there are certain basic accounts that everyone should have to manage their money. If you haven’t yet opened these accounts, make an appointment with your credit union to get them set up and working for you today.

Checking Account

A checking account is the account you will use for most of your spending. Most people have their paychecks put into a checking account via direct deposit and then use the money to pay everything from their car loans to their daily coffee bill. To manage your checking account, you will need to keep track of your spending and your deposits, to make sure you don’t spend more than you have. Some people find it useful to have more than one checking account, to keep money that is earmarked for necessary expenses separate from money used on miscellaneous, non-essential purchases.

Savings Account

Use a savings account to build an emergency fund that can cover you in the event of a financial emergency. You can transfer money into your savings account from a checking account or have a portion of your paycheck deposited directly into it. You may opt to have more than one savings account so you can save for different goals. For instance, in addition to your emergency fund, you may want to have a savings account that you use specifically to save for vacations or holiday spending.

Retirement Account

It is never too early or too late to start saving for retirement. Using a specific type of retirement account, like an IRA, lets you reap special tax benefits you don’t get from a standard savings account. Most people use multiple retirement accounts, thanks to accounts they get through work.

Let Westmark Credit Union help you open the accounts you need to manage your money more effectively. For financial help in Idaho from our credit union, please call (208) 523-1071.

Categories: financial accounts


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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