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.

How Much Money Should You Be Saving?

When it comes to personal finance and money management, one question that seems to plague everyone is how much money you should really be saving. The experts at your credit union are always willing to help you make decisions about your savings goals. This video will also help.

As a general rule of thumb, about 20% of your earnings should go into some type of savings account. This should be divided up according to your needs and goals, including retirement savings and an emergency fund. Often, a few small changes in your spending habits can make a big difference when it comes to savings.

Westmark Credit Union is committed to helping our members gain control over their money, with financial advice at our credit union in Idaho. For more information, please call (208) 523-1071.

Tips for Building a Budget You Can Actually Live With

Budgeting your money is key to taking control of your personal finances, but for many people, the very thought of having a budget is overwhelming. In reality, having a budget doesn’t mean that you’re constantly depriving yourself. It simply helps you make sure your money works for you the way you want it to. Your credit union is a great source of financial help like budget building. These tips will also help you take a step towards a budget that is right for you.

Know Where You Stand

You can’t make a budget without knowing your starting point, so it’s time to take a hard look at your finances. Add up how much money you have in checking, savings, and other financial accounts. Figure out how much you make each month. If your salary is irregular, track it for a few months and get an average. Now, calculate your debt and regular monthly expenses, such as rent or mortgage, car loan payments, and utilities. All of this information will let you know exactly where you stand with your finances now so you can make smart spending and savings decisions.

Track Your Daily Expenses

Track the money you spend each day on things like coffee, lunch, gas, and going out with friends. After tracking for a week, you may be surprised how much money you are spending on little things that you could live without. These expenses are where you can really begin to see a way for you to save money without compromising your lifestyle.

Use a Budgeting Tool

Plug all of the information you have about your income, expenses, debt, and spending habits into a spreadsheet or app, and then set up targets for spending and saving each month. Divide up your money the way that feels right for you and that lets you achieve both short and long-term goals. For instance, if you love to go to the movies every weekend, you don’t have to give it up. Just make sure you make adjustments elsewhere to accommodate that expense that you enjoy.

Westmark Credit Union makes budgeting easy with our checking and savings accounts and personalized financial help in Idaho. You can talk to a credit union representative today at (208) 523-1071.

Banking by Text: What You Need to Know

One of the biggest benefits of smartphone technology is that you can maintain more control than ever over your finances. Alongside our mobile banking and eStatements, Westmark Credit Union is now pleased to make banking by text a reality for our members. This straightforward process makes it simple to manage your checking and saving account with text messages.

To bank by text, start by sending a text to 25215 to request your account information. Type a message stating the kind of information you want, such as BAL for balance. Send your message and get a reply from us with the information you want. In addition to seeing your balances, you can also view all of your recent transactions.

To sign up for Text Banking, enroll in Westmark Credit Union’s Home Banking Personal Branch and then register your phone in your mobile banking services screen. You can also visit a branch of our credit union in Idaho for more information or call (208) 523-1071 for help.

The Future of Financial Management Is Now at Westmark [INFOGRAPHIC]

The days where you had to visit a credit union branch to stay in control of personal finance decisions are gone. Now, your credit union is always in your pocket in the form of your smartphone. Westmark Credit Union offers extensive mobile banking and text banking options, as well as Apple Pay, Popmoney, and more. Use mobile banking to check your account balance, transfer funds, and pay bills with just a few clicks. You can even text us to find out your account balance and to see your recent transactions. Our mobile banking services are protected by robust security, so your money is always safe. Check out this Infographic from Westmark Credit Union to find out more about mobile banking with our credit union in Idaho. If you need help getting set up with mobile banking, visit one of our credit union locations, and please spread the word about the convenience of smartphone banking by sharing this information.

How to Recover from Holiday Overspending

The holidays tend to revolve around over-indulging, both at the table and at the register. If holiday spending has given your finances a black eye, it is easier than you think to rebuild your checking and savings accounts to where you want them to be. Reclaim your control over your finances after the festivities with this advice.

Look at Your Credit Card Balances

If you used credit cards to cover your holiday spending, start your recovery there. Carrying credit card debt means your spending gets even more expensive, as interest climbs on your debt. If you spent on more than one card, prioritize paying off the one with the highest interest rate first, even if that means only paying the minimum on your other cards. Follow that strategy, balance by balance, to get your debt down to zero.

Cut Down on Small Expenses

Saving money doesn’t have to be painful, and it doesn’t have to mean spending all of your time at home. You may be surprised by how much you can save by cutting out the small expenses that add up to big costs. For instance, if you make your coffee at home for a month or only eat lunch out once per week, the few dollars you save each day will make a big impact on your checking account in a short amount of time. That money can be diverted to paying off debt or simply rebuilding your savings that you may have spent on the holidays.

Make a Plan for Next Year

The holidays are always going to require extra money, but you can save yourself stress—and money—by planning ahead. Decide now what your holiday budget will be and put a little money aside each month so that it is waiting for you when next year’s season comes. By saving now, you won’t have to rely on credit cards or adjust your lifestyle to foot the bill next time.

Whatever your savings goals, Westmark Credit Union is here to help, with a range of financial services designed to help you take control of your money. Contact us today at (208) 523-1071 for more information or learn how to become a member of our credit union in Idaho.

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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