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 to Help Your Child Get a Good Financial Foundation

At Westmark Credit Union, we want all of our members to build a healthy, solid financial life. We know that good finances don’t happen overnight. There are many things you can do to help your child learn financial responsibility that will serve them well into adulthood. We also have programs that can help at our  credit union. These tips will help you build a strong financial base for your little ones:

Father training son to the finance

Make Saving a Priority

Saving money is one of the most important lessons you can pass on to your child. At our credit union, we make the task of saving a little more fun with our Scottie Savers Club. For every deposit over $5 that your child makes, they will receive a sticker. As their account grows in size, they will receive a prize for reaching certain savings thresholds. The prizes increase in value as the account grows. When an account reaches $25, your child will get a tablet and pencil. When it reaches $1,001, they will get a $20 gift deposited into their account – and another $20 for every additional $500 they save up to $3,000. Note that the Scottie Savers Club is only for members 15 and under, and some benefits are restricted to those 12 and under.

Teach Checking Account Basics

Members are eligible to open a checking account at our credit union when they turn 16. This account is free and has all of the same benefits as our adult free checking account. This account is a great opportunity to teach your child about spending, budgeting, and balancing their accounts.

Introduce Responsible Credit Use

At 16, children are eligible to start building a good credit rating for their future with a Secured VISA Credit Card or their parents can co-sign on a regular VISA Credit Card.  By establishing good credit now, financing larger purchases, such as a new car, will be easier.  The credit limit is $500 or $1,000.  Limit is based on the amount of secured funds deposited into a Westmark Term Certificate. 

Join Westmark Credit Union in giving children healthy financial habits. To find out more about how our credit union can help your child, as well as our mortgages and car loans, call us at (208) 523-1071.

Note: Checking Accounts and Credit Cards for members under the age of 18, require joint ownership with a parent or legal guardian. Credit Cards are subject to credit approval.

A Look at the Mortgage Process for First-Time Home Buyers

When you’re buying your first home, the mortgage process may be enough to make you reconsider renting. Mortgages can be very confusing for new buyers, and confusion when you’re mortgage shopping usually ends in you paying more than you have to. Westmark Credit Union makes mortgages as easy as possible for our new home buyers. Here is what you can expect from the mortgage process when you buy a home:

Approved mortgage application


It’s a good idea to seek pre-approval on a mortgage from Westmark before you even begin shopping for a loan. During the pre-approval process, your credit and income will be evaluated to determine how much you can afford to borrow for your mortgage.

At Westmark Credit Union, we offer a number of different mortgage loans: jumbo, conventional, and loans for manufactured homes. During the pre-approval process, you will find out which loan is right for you and how much money we can offer you. This information will help you shop for homes in your price range.


Even if you’ve been approved, you still need to submit a mortgage loan application for the specific property you wish to buy. Westmark will consider your financial information again as well as the house you’re buying. This is to make sure the home is a good investment and that, if you default on the loan, the credit union will be able to sell it.


During the review of your mortgage, you may be required to have the property appraised. It is also common for the credit union to follow-up with you to ask for extra information. Once your mortgage is approved, you can move forward with your home buying. You may be asked to pay closing costs and a down payment at this time.

If you’re ready to buy a home, let Westmark Credit Union make it easy for you. We also offer a range of other loan products, including car loans and lines of credit. Call us at (208) 523-1071 to learn more.

Happy Thanksgiving!

Happy Thanksgiving

Happy Thanksgiving from Westmark Credit Union!

Use This Android App to See How Much House You Can Afford

Google Play

When you’re house shopping, the biggest thing that frames your decision is what you can afford. When you see a lump price for a home and all of the potential mortgage loan interest rates that enter the equation, it can be hard to figure out the bottom line for your monthly payments and your budget. The good news is that with the Mortgage Calculator Android App, house shopping can finally be simple.

This app calculates your monthly payment for you. Use it to see how different down payment and loan amounts affect your payments and how your payments are applied to your interest and principal under different loan agreements.

Use this app to select a mortgage loan from Westmark Credit Union. Call us today at (208) 523-1071 to learn more about our financial services.

Find Out How Westmark Credit Union Can Help You With Investing

Good financial report

Saving with a credit union is smart and keeps your money invested in the local economy. Find out more about the benefits of banking with a credit union on these informative sites:

Read more about what a credit union is and how it differs from a conventional bank on InvestorGuide.com.

Find out how credit unions are helping middle-income Americans in this article on the World Council of Credit Unions’ website.

Get a full overview of how credit unions work on HowStuffWorks.com.

Check out more information about how credit unions help their local economies on the USNews Money website.

For some ground rules for retirement investing, take a look at this helpful article on Money.CNN.com.

Westmark Credit Union has been making a difference in the communities they serve for over 58 years. We have ten convenient locations in Idaho Falls, Blackfoot, Pocatello, Rigby, Rexburg, Eagle, Meridian and Nampa to assist you with all of your financial needs. To learn more about us visit us at http://www.westmark.org/ or call (208) 523-1071 today!

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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