Sep, 30, 2025 — WESTMARK CREDIT UNION is a federally insured state chartered credit union headquartered in IDAHO FALLS, ID with 15 branch locations and about $1.60 billion in total assets. Opened 72 years ago in 1954, WESTMARK CREDIT UNION has about 81,910 members and employs 268 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | WESTMARK CREDIT UNION |
|---|---|
| Address: (Main Office) | 2520 Channing Way IDAHO FALLS, ID 83404 |
| Phone: | (208) 528-8315 |
| Fax: | (208) 528-6403 |
| Website: | https://www.westmark.org |
| Branches: | 15 branch locations |
| Members: | 81,910 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 68353 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1954 |
| Last Audited: | Apr 01, 2025 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $1,601,758,823 |
| CEO/Manager: | Mike A Schenck |
| Chairperson: | Michael Ehlers |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 65,224,247 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 522,048,439 |
| Unsecured Loans | 54,338,015 |
| Other Loans | 825,086,547 |
| TOTAL LOANS | 1,401,473,003 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -8,851,547 |
| Land And Building | 27,444,331 |
| Other Fixed Assets | 6,039,844 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 11,391,374 |
| All Other Assets | 1,018,084 |
| TOTAL ASSETS | 1,601,758,823 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 2,415,890 |
| Notes & Interest Payable | 120,600,000 |
| Accounts Payable & Other Liabilities | 18,879,974 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 201,777,145 |
| Regular shares | 188,385,568 |
| All Other Shares & Deposits | 943,797,410 |
| TOTAL SHARES & DEPOSITS | 1,333,960,124 |
| TOTAL LIABILITIES | 1,475,856,579 |
| Regular Reserve | 0 |
| Other Reserves | 80,340 |
| Undivided Earnings | 125,821,904 |
| TOTAL EQUITY | 125,902,244 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,601,758,823 |
| INCOME & EXPENSE | |
| Loan Income | 57,875,395 |
| Investment Income | 5,159,087 |
| Other Income | 4,224,183 |
| Total Employee Compensation & Benefits | 18,971,119 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 15,053,517 |
| Non-operating Income & (Expense) | 2,249 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 7,200,261 |
| Cost of Funds | 26,864,367 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 4,926,314 |
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