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.

Should You Buy or Lease Your New Car?

When you’re in the market for a new car, you face a big question: should you buy or lease? There is not a one-size-fits-all solution for everyone, but your credit union can help you make the right choice for your personal finance needs.

Watch this video to learn more about the pros and cons of buying and leasing. Since your credit union can offer competitive rates on car loans—usually lower than a bank or dealership—they should be your first stop for financing.

At Westmark Credit Union, we take the confusion out of getting a new car, with financial advice to help you make the right choice for you. You can find out more about our credit union in Idaho by calling (208) 523-1071.

Maxed Out Your Credit Card? Here's How to Tackle Your Debt

Even when you manage your credit carefully, getting into debt can happen. Sometimes, a medical emergency, unexpected car repair, or plumbing failure can cause you to reach for your credit cards to cover the costs. If you’re facing maxed out credit cards and feel trapped in a cycle of debt, it is easier than you may think to get out from under the burden of your debt and get a fresh start. Stop sticking the bills in your drawer and tackle your debt once and for all with this advice.

Take It One Card at a Time

Trying to pay more than your minimum balance on a more than one card at a time can make you feel like you’re not making any progress. Instead, turn your attention to one card. Pay as much as you can on that card, while making minimum payments on the others. You’ll see that balance come down fast, which will encourage you to keep going. Once that card is paid off, turn your attention to your other cards. Start with the card that has the highest interest rate, and work your way down from there.

Transfer Your Balances

If you have a credit card with a high interest rate, consider transferring the balances to another card with a lower rate. Credit unions often have interest rates that are lower than other lenders, so start with your union if your card is not from there. You can also contact your lender to see if a lower interest rate is available to you. The lower the interest, the faster you will be able to pay off your card.

Consider Two Minimum Payments

If you don’t have enough free cash flow to make larger payments, consider splitting up the payment you would make into two minimum payments per month. Since interest is compounded daily, reducing your balance as often as you can will help you save money.

At Westmark Credit Union, we’re here to help our members get through all of life’s ups and downs, from your first home loan to your credit card debt. Get the financial help in Idaho you need by becoming one of our members. Dial (208) 523-1071 for more information about all of our credit union services.

Choosing the Right Business Account

As a small business owner, you are probably always thinking about the bottom line of your business, but you should also think about where you keep your profits once you earn them. With the right business checking and savings accounts in Idaho, you can rest assured that your business is able to grow with the right financial support behind it.

Seeking a business account with a credit union is a smart choice, because this will allow you to receive more personalized, dedicated attention for your accounts. You may also have easier access to loans and investment products that will provide your growing business with working capital. Along with personalized service, you should seek features for your savings and checking accounts including online banking, eStatements, and corporate credit cards.

Westmark Credit Union can provide your business with the dedicated financial services you need in Idaho. We have several branches across the state ready to serve you. Learn more about the services we offer to small business owners by calling (208) 523-1071.

FAQs About Personal Loans

Unexpected expenses and big purchases can leave you without the funds you need to keep your life in order. Fortunately, there are many options that you can explore with your local credit union to get your finances organized while building your credit. Personal loans are one way to get the advance you need for a big purchase or financial emergency. By seeking a personal loan through your credit union, you can avoid extra fees and headaches with the loan application process, which is simple and straightforward at Westmark Credit Union. To learn more about personal loans, look at these commonly asked questions about personal lending.

What can I use a personal loan for?

Unlike auto loans and mortgages, personal loans allow flexibility in how you spend the funds you borrow. Usually, personal loans are for smaller amounts of money, and they are taken out to cover the costs of major vacations, auto repairs, new furniture, home repairs, and other large expenses that might be hard to fit into your monthly budget.

What are the types of personal loans available to me?

Personal loans may have varying terms of 12-48 months, and they may be taken out for sums as low as $1,000. In addition to loan advances, you might explore a personal line of credit, which is accessed through your checking account. With a line of credit, you will have a set limit of funds you may borrow by visiting the teller window at your credit union. You may elect to pay this off in monthly installments as you would a traditional personal loan.

How much interest will I pay on a personal loan?

The exact interest rate you will pay on a personal loan depends on many factors, including your credit history, the sum of the loan, the type of loan, and the market conditions. In addition, you may end up paying less interest over the life of the loan if you pay it off early or make larger initial payments.

To discuss your financial needs in Idaho, connect with Westmark Credit Union today by calling (208) 523-1071. We have branches conveniently located around the state, offering local banking services for those who live or work in Idaho.

How to Kickstart Your Retirement Plan

Retirement is one of the biggest and most complex personal finance issues most people face. Your credit union can help you make smart decisions regarding your retirement savings. This video can also help you get on the right path to build your nest egg.

The key to saving for retirement is to simply start, even if you can’t afford to save a lot. Think outside of putting your money in a traditional savings account and instead use retirement savings accounts, like IRAs and your employer’s 401(k) program.

Let the personal finance experts at Westmark Credit Union help you make a plan for preparing for your retirement that fits your lifestyle and your budget. You can contact our credit union in Idaho today at (208) 523-1071.

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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