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.

Setting a Budget for a New or Used Car

Along with a house, a car is likely to be one of the biggest purchases you will ever make. Just like when you’re buying a house, it’s essential for you to set a realistic budget for yourself when you are car shopping, so car loans don’t sink your personal finance goals. Whenever you’re looking for a loan, sitting down with a credit union representative is a good way to get an understanding of your options and advice on fitting a car payment into your budget. These steps will help you stay in control of your budget while you’re car shopping.

Know Your Take-Home Pay

If you don’t already know exactly how much money you make each month, calculate it. Generally, your car payment shouldn’t exceed more than 20% of your take-home pay. However, you may need to spend less, depending on your expenses. After you know your take-home, run the numbers on your other monthly expenses to see what you have left over. When you have an idea of how much money you can spend, try to shop for a car that costs less than that figure, so you have some financial flexibility for emergencies.

Consider the Cost of Car Ownership

Whether you’re buying a new or used car, remember that the car payment is just one of the costs of ownership. Gas, car repairs, insurance, and parking are all additional expenses you’ll have to pay. Check with your insurance company to see what the car you’re eyeing would cost to insure. Consider the gas mileage of the car you’re looking at and how many miles you typically drive. In terms of repairs, used cars will have lower payments but will need more service. New cars may be under warranty, so you won’t be out of pocket for most repairs, but the monthly payments will be higher.

Determine Your Down Payment

Factor the car down payment into your budget. In addition to the down payment, there will be other dealer fees that are due upfront. Talk through all of these fees with the dealership before signing a deal, so you can add them into your budget.

Westmark Credit Union offers competitive rates on car loans in Idaho for both new and used purchases. Let one of our representatives help you set a realistic car budget today by calling (208) 523-1071.

Why You Should Choose Our Credit Cards

When you pick a credit card, the interest rate is one of the most important factors you should consider. Usually, a credit union can offer more competitive rates than other institutions, because they are nonprofit groups with the ability to reinvest their earning into products for their members.

Watch this video to see how Westmark Credit Union can help you take control of your personal finances with a low interest credit card. Our representatives can help you pick a card that is right for your needs, so you can continue moving towards your financial goals.

To find out more about Westmark Credit Union and how we can provide you with financial help in Idaho, stop by a branch or call us. Dial (208) 523-1071 to speak to a representative.

Deciding Whether to Buy or Build Your Dream Home

When you’re ready to invest in your dream house, should you buy one already on the market, or should you start from scratch and build your own home? There are many factors to consider, including the loans you will need for each type of purchase. Which choice is right for you? Here are some of the things you should consider when you want to make the move to your dream home.


If you are in a rush to move, then building a home may not be the right choice. Building is a lengthy process that requires finding a lot and making a decision about every aspect of the home, down to the last light switch. When you are under pressure to move quickly, moving into an existing home is a much faster option.

If you don’t have to move quickly, then taking the time to build a house means that you won’t have to compromise on any of the features, since you’ll be choosing them all yourself.


To buy a home, you will need a mortgage loan from your credit union. To build a home, you will need a construction loan to cover the cost of building the home. At Westmark Credit Union, to be approved for a construction loan, you will need to have a home site and be working with an approved building. If you wish to build a home but don’t own a home site, then you may need additional financing for that as well.

Because of the additional loans required, building a home is generally more expensive than buying a home. However, you may recoup more of your investment in the long run, because the home you built will be more up-to-date when it is time to sell than a pre-existing home you purchase.


For many people, the decision comes down to preference. If you dream of having a home you’ve designed from the group up, building is the perfect fit. If you’re willing to compromise part of the vision for convenience, then choose a pre-built home.

Westmark Credit Union can help you get into your new home with competitive rates on loans in Idaho, whether you’re buying your first house or your dream house. Learn more by calling (208) 523-1071.

How to Check Your eStatements for Signs of Identity Theft

At Westmark Credit Union, we are committed to protecting your personal and financial information. We use the highest caliber security setting across all of our online and mobile banking accounts, but identity theft can happen in a number of different ways, and when it does, your money could be at risk. Fortunately, if you are vigilant about checking your eStatements, you can often catch identity theft early so that you can minimize the risk.

The biggest red flag that you have been the victim of identity theft is transactions you don’t recognize. Don’t necessarily expect your accounts to be emptied out. Look for small transactions that could easily go unnoticed if you don’t examine your accounts carefully. Also look for suspicious activities, such as logs of account log-ins you don’t recognize, password issues, and new credit accounts attached to your existing accounts.

If you do see any signs of identity theft, contact Westmark Credit Union right away. We can help you take the right steps to preserve your finances and protect your online banking accounts. To contact our credit union in Idaho, call (208) 523-1071.

What to Consider When Purchasing an RV

If you’re ready to enjoy cross-country adventures in an RV, there are a few things to consider before making your purchase, from the floor plan to how you’ll finance the vehicle. Be sure you get the right RV at the right price for your family by considering these factors while you shop.


Set your budget for your RV before you start shopping, so don’t fall in love with one that is outside of your price range. The costs of RVs vary dramatically depending on the size of the vehicle, whether you buy new or used, and the features that are included. Your credit union can help you understand your finance options and look at monthly payments for different price points to allow you to make a decision that works for your family. Don’t forget to include upkeep costs in your budget, and make sure you are reserving enough money to actually get out on the road and enjoy your RV.

How You’ll Use It

Considering how you’ll use your RV can help you narrow down your selections. If you only plan to use your RV for a few weekend trips here and there, then you may be able to get by with a smaller, more basic model than if you plan to live out of your RV for months each year while you’re traveling the country. Some RVs offer only modest facilities and little space, while others have floor plans that rival apartments. Think of how you’ll use your RV before buying one to be sure you get the right model.

New or Used

As with purchasing any kind of vehicle, you have the option of buying a new or used RV. New RVs come equipped with all of the latest features and conveniences, but used RVs can be more affordable. Don’t forget to talk to your credit union about how purchasing a new or used RV could impact how you finance the vehicle.

When you’re in the market for a vehicle loan in Idaho, talk to Westmark Credit Union to find out about our competitive rates. We offer financing for RVs and other recreational vehicles and can help you choose the right loan for your budget. To find out more, please call (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