NonprofitsWestmark Credit Union

Public & Societal Benefit

Westmark Credit Union

IDAHO FALLS, ID

Total revenue

$89.9M

Total expenses

$82.4M

Net assets

$120.5M

Grants received

EIN

820218879

Tax year

2024

Mission

Provide traditional banking services to more than 76,000 members including consumer loans, real estate loans, commercial loans, checking, savings, deposit accounts and electronic banking services.

Programs

3 programs

Granted $34 million in first mortgage and other real estate loans to credit union members

Expenses: $4.4M

Provided checking, savings and other traditional banking services to credit union members

Expenses: $48.4M

Unrelated Business programs of Financial services and ATM usage fees by non-members

Expenses: $1.6M

Financials

FY 2024

Revenue

Contributions & grants
Program service revenue$78.3M
Investment income$6.6M
Other revenue$4.9M
Total revenue$89.9M

Expenses

Grants paid
Salaries & benefits$22.9M
Fundraising
Other expenses$16.2M
Total expenses$82.4M
Total assets$1.4B
Net assets$120.5M

People

19 listed

NameRoleCompensation

Mike Schenck

Chief Executive Officer

Board

$356K

40 hrs/wk

Davin Garlick

EVP/Chief Financial Officer

Board

$244K

40 hrs/wk

Jade Beckman

EVP/Chief Member Experience Officer

Board

$233K

40 hrs/wk

Tammy Ridgwell

EVP/Chief Administrative Officer

Board

$227K

40 hrs/wk

Don West

Chief Information Officer

Board

$198K

40 hrs/wk

Sara Plothow

CLXO-Consumer Lending

Board

$184K

40 hrs/wk

Trevor Hansen

CLXO-Commercial/Real Estate

Board

$182K

40 hrs/wk

Jonathan Galusha

Chief Branch Experience Officer

Board

$174K

40 hrs/wk

Mike Ehlers

Board Chairman

Board

2 hrs/wk

Nathan Stevens

Vice Chair

Board

2 hrs/wk

Rebecca Adams

Vice Chair

Board

2 hrs/wk

Steve Hammon

Secretary

Board

2 hrs/wk

Derik Nielsen

Treasurer

Board

2 hrs/wk

Will Jenson

Director

Board

2 hrs/wk

Mike Parker

Director

Board

2 hrs/wk

Polly Simpson

Chief Marketing Officer

Staff

$278K

40 hrs/wk

Jayme O'Rullian

VP of WIS Administration

Staff

$200K

40 hrs/wk

John Beal

Sr. VP of Real Estate Administration

Staff

$197K

40 hrs/wk

Colene Magera

Sr. VP of Branches - Eastern Region

Staff

$161K

40 hrs/wk

Independent contractors

Gines Commercial Cleaning LLC

Cleaning services

$182K

Details

EIN820218879
NTEE codeW61
Subsection14
Ruling date2023-04
Formed1954
Employees327
Volunteers11
WESTMARK CREDIT UNION — Mission, Financials & Grants Received | Grantivo