Overview
What is Westmark Credit Union?
Westmark Credit Union is a financial institution based in Idaho Falls, Idaho, serving over 72,000 members. They provide various banking services such as consumer loans, real estate loans, commercial loans, checking and savings accounts, deposit accounts, and electronic services. The credit union granted $503 million in loans to its members in the consumer and commercial sectors. With a workforce of 305 employees, Westmark Credit Union is dedicated to delivering traditional banking solutions to its members.
Official website here: www.westmark.org
Is Westmark Credit Union legitimate?
Westmark Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Westmark Credit Union submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $3,477,906
Professional Fundraising Fees: $0
Other Salaries and Wages: $12,948,223
For more financial information, click here
Official website here: www.westmark.org
What is the mission statement of Westmark Credit Union?
Westmark Credit Union is dedicated to delivering traditional banking services to over 72,000 members. They offer various financial solutions, such as consumer and real estate loans, commercial loans, checking and savings accounts, deposit accounts, and electronic services. The cooperative aims to cater to its members' diverse banking requirements, providing them with the necessary financial tools. With a loan portfolio of $503 million, Westmark Credit Union has been able to support its members effectively. The credit union's primary objective is to ensure the financial well-being of its members by offering them a range of banking services.
Official website here: www.westmark.org
Who is the CEO of Westmark Credit Union?
Richard Leonardson is the CEO of Westmark Credit Union The CEO's salary of Westmark Credit Union is $557,585 and their total compensation is $557,585.
Official website here: www.westmark.org
What is the revenue of Westmark Credit Union?
Westmark Credit Union's revenue in 2023 was $71,501,183.
Official website here: www.westmark.org
Who are the executives of Westmark Credit Union and what are their salaries?
The average compensation at Westmark Credit Union during 2023 was $57,234. There are 287 employees and 13 volunteers at Westmark Credit Union.
Here are 21 key members and their salaries (Westmark Credit Union's CEO's salary is $557,585 and their total compensation is $557,585):
- Compensation: $557,585
- Related: $0
- Other: $0
- Compensation: $385,356
- Related: $0
- Other: $0
- Compensation: $263,818
- Related: $0
- Other: $0
- Compensation: $246,069
- Related: $0
- Other: $0
- Compensation: $240,293
- Related: $0
- Other: $0
- Compensation: $238,746
- Related: $0
- Other: $0
- Compensation: $228,920
- Related: $0
- Other: $0
- Compensation: $228,214
- Related: $0
- Other: $0
- Compensation: $209,480
- Related: $0
- Other: $0
- Compensation: $204,034
- Related: $0
- Other: $0
- Compensation: $191,966
- Related: $0
- Other: $0
- Compensation: $169,463
- Related: $0
- Other: $0
- Compensation: $164,777
- Related: $0
- Other: $0
- Compensation: $149,185
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.westmark.org
Where can I find the form 990 for Westmark Credit Union?
Westmark Credit Union's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.westmark.org
Learn more at the official website: www.westmark.org
Mission Statement of Westmark Credit Union
Westmark Credit Union, with over 72,000 members, is dedicated to delivering traditional banking services. This commitment encompasses a range of offerings, from consumer and real estate loans to commercial loans, checking and savings accounts, and electronic services. The credit union's mission is to grant access to these financial solutions to a substantial member base.
By providing consumer loans, Westmark Credit Union empowers individuals to achieve their financial goals through borrowing options tailored to their unique circumstances. Real estate loans offer members the opportunity to purchase or refinance property, contributing to building wealth and long-term security. In the business sphere, Westmark's commercial loans cater to the unique needs of entrepreneurs and small businesses, enabling growth and expansion.
Additionally, Westmark Credit Union offers essential everyday banking services, such as checking and savings accounts, to ensure its members can manage their finances effectively. Deposit accounts provide a safe and convenient place to store funds, while electronic services enable seamless transactions and account management. With this diverse array of offerings, Westmark Credit Union continues to prioritize the financial wellbeing of its members.
Granted a significant loan volume of $503 million, Westmark Credit Union has made a substantial impact on the financial lives of its members. This figure reflects the credit union's dedication to delivering accessible and effective banking solutions, enabling its members to thrive in their personal and professional pursuits.
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Impact
October, 2024
Westmark Credit Union significantly impacts the financial well-being of over 72,000 members by providing essential banking services tailored to meet diverse needs. With a commitment to fostering economic growth, the credit union has granted $503 million in consumer and commercial loans, enabling members to achieve their personal and business goals.
Located in Idaho Falls, Westmark facilitates access to various financial products, including consumer loans, real estate loans, commercial loans, checking and savings accounts, and electronic services. This broad range of offerings not only supports individual financial stability but also promotes community development and business growth in the region. By prioritizing member service and community investment, Westmark Credit Union plays a vital role in enhancing the economic landscape of Idaho Falls and beyond.
This information is meant to be a general summary of Westmark Credit Union. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $4,653,417
- Program Service Revenue: $66,723,508
- Gross Receipts: $71,501,183
Assets and Liabilities:
- Total Assets: $1,345,014,810
- Total Liabilities: $1,235,098,929
- Net Assets: $109,915,881
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Interest Charged for Member Loans
Revenue
$55,067,502
Fees Charged for Banking Services
Revenue
$10,252,039
Investment Services Income
Revenue
$1,127,856
ATM Fees Charged to Non-members
Revenue
$46,635
Insurance Products Sold
Revenue
$229,476
Organization Details
Founding Year
1954
Principal Officer
Mike Schenck
Website
www.westmark.orgNTEE Category
Code: W61 - Public benefit
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