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 not tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $3,281,266
Professional Fundraising Fees: $0
Other Salaries and Wages: $10,956,754
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?
Rich L Leonardson is the Principal Officer of Westmark Credit Union. The CEO's salary of Westmark Credit Union is $569,822 and their total compensation is $569,822.
Official website here: www.westmark.org
What is the revenue of Westmark Credit Union?
Who are the executives of Westmark Credit Union and what are their salaries?
The average compensation at Westmark Credit Union during 2022 was $46,682. There are 305 employees and 12 volunteers at Westmark Credit Union.
Here are 21 key members and their salaries (Westmark Credit Union's CEO's salary is $569,822 and their total compensation is $569,822):
- Richard Leonardson (President/Ceo)
- Gilbert Birdsong (Chief Operating Officer)
- Mike Schenck (Chief Lending Officer)
- Polly Simpson (Chief Marketing Officer)
- Jayme O'Rullian (Vp Of Wis Administration)
- Craig Simpson (Legal Counsel)
- Don West (Chief Information Officer)
- Tammy Nelson (Chief Human Resource Officer)
- Paula Stone (Sr. Vp Of Operations Administration)
- John Beal (Sr. Vp Of Real Estate Administration)
- Trevor Hansen (Vp Of Commercial Lending)
- Davin Garlick (Chief Financial Officer)
- Jonathan Galusha (Sr. Vp Of Branch Administration)
- Colene Magera (Sr. Vp Of Branch Administration)
- Denise Teuscher (Board Chairman) [Trustee/Director]
- Steve Hammon (Secretary) [Trustee/Director]
- Derik Nielsen (Treasurer) [Trustee/Director]
- Mike Ehlers (Director)
- Rebecca Adams (Director)
- Nathan Stevens (Director)
- Tom Yearsley (Director)
Official website here: www.westmark.org
Where can I find the form 990 for Westmark Credit Union?
The Westmark Credit Union’s most recent form 990 was submitted in 2022 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.
Impact
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.
Thursday, August 15, 2024
Westmark Credit Union has a significant impact by providing essential banking services to over 72,000 members in Idaho Falls. They have granted a substantial $503 million in consumer and commercial loans, enabling individuals and businesses to access the necessary funds for their financial needs. Through their checking, savings, deposit accounts, and electronic services, Westmark Credit Union plays a vital role in supporting the financial well-being of their members and contributing to the economic growth of the community.
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 2022.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Interest Charged to Members for Loans
Revenue
$43,594,544
Fees Charged for Banking Services
Revenue
$10,249,559
Investment Services Income
Revenue
$1,054,948
Insurance Products Sold
Revenue
$311,078
ATM Fees Charged to Non-Members
Revenue
$116,606
Organization Details
Founding Year
1954
Phone
(208) 523-2722
Principal Officer
Rich L Leonardson
Main Address
PO Box 2869, Idaho Falls, ID, 834032869
Website
www.westmark.org
NTEE Category
Code: W61 - Public benefit
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