2023-06-27T17:47:26-07:00 2022-12-31 990 2022-01-01 820218879 WESTMARK CREDIT UNION WEST 2085232722 PO Box 2869 Idaho Falls ID 834032869 Richard Leonardson President 2085232722 2023-06-29 1 1 11 0 AAL2 2022 2023-04-26 12:10:37Z Rich L Leonardson 2520 Channing Way Idaho Falls ID 834032869 56814454 0 X westmark.org X 1954 ID Provide traditional banking services to more than 72,000 members including consumer loans, real estate loans, commercial loans, checking, savings, deposit accounts and electronic services. 7 7 305 12 1171554 1171554 0 0 50189121 55326735 1262377 1406067 -100630 81652 51350868 56814454 0 0 6391939 8380481 18623024 21297949 0 0 0 11161166 14504296 36176129 44182726 15174739 12631728 1227725977 1345014810 1129597665 1235098929 98128312 109915881 Provide traditional banking services to more than 72,000 members including consumer loans, real estate loans, commercial loans, checking, savings, deposit accounts and electronic services. 0 0 18459936 38488235 Granted $503 million in consumer and commercial loans to credit union members. 3959772 12962961 Granted $147 million in first mortgage and other real estate loans to credit union members 20080761 2703985 Provided checking, savings and other traditional banking services to credit members 1682259 1171554 Unrelated Business programs of Financial services and ATM usage fees by non-members 1682259 0 1171554 44182728 0 0 0 0 0 0 0 0 0 1 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 14810 0 305 1 1 1 0 0 0 0 0 0 0 X 7 7 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X Davin Garlick CPA 2085232722 PO Box 2869 Idaho Falls ID 834032869 Richard Leonardson President/CEO 40 0 X X X 569822 0 0 Gilbert Birdsong Chief Operating Officer 40 0 X X 343003 0 0 Mike Schenck Chief Lending Officer 40 0 X X 256397 0 0 Polly Simpson Chief Marketing Officer 40 0 X X 224032 0 0 Jayme O'Rullian VP of WIS Administration 40 0 X 214160 0 0 Craig Simpson Legal Counsel 40 0 X X 210798 0 0 Don West Chief Information Officer 40 0 X X 208174 0 0 Tammy Nelson Chief Human Resource Officer 40 0 X X 199100 0 0 Paula Stone Sr. VP of Operations Administration 40 0 X 189629 0 0 John Beal Sr. VP of Real Estate Administration 40 0 X 187219 0 0 Trevor Hansen VP of Commercial Lending 40 0 X 185135 0 0 Davin Garlick Chief Financial Officer 40 0 X X 179196 0 0 Jonathan Galusha Sr. VP of Branch Administration 40 0 X 162688 0 0 Colene Magera Sr. VP of Branch Administration 40 0 X 151913 0 0 Denise Teuscher Board Chairman 2 0 X 0 0 0 Steve Hammon Secretary 2 0 X 0 0 0 Derik Nielsen Treasurer 2 0 X 0 0 0 Mike Ehlers Director 2 0 X 0 0 0 Rebecca Adams Director 2 0 X 0 0 0 Nathan Stevens Director 2 0 X 0 0 0 Tom Yearsley Director 2 0 X 0 0 0 3281266 0 0 33 0 1 0 0 0 Interest Charged to Members for Loans 522130 43594544 43594544 0 0 Fees Charged for Banking Services 522130 10249559 10249559 0 0 Investment Services Income 522130 1054948 0 1054948 0 Insurance Products Sold 522130 311078 311078 0 0 ATM Fees Charged to Non-Members 522130 116606 0 116606 0 0 0 0 0 55326735 1406067 1406067 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Gain/Loss on Sale of Assets 522130 58348 58348 0 0 Other Operating Income 522130 23304 23304 0 0 0 0 0 0 81652 56814454 55642900 1171554 0 8380481 3281266 0 10956754 304523 5534499 1220907 0 0 54000 0 0 0 3067960 2915452 319743 481448 0 1839988 298810 0 469403 2054878 1540771 308877 Dues/Publications 122318 Postage/Courier Expenses 645594 385054 44182726 0 0 0 36112244 25070816 1086494036 1204245217 556788 866112 72984 169742 3038634 3966119 45002100 14802119 25639725 30199981 64036342 67344483 11775224 13152340 1227725977 1345014810 14956862 16496177 50109421 120259185 1064531382 1098343567 1129597665 1235098929 X 0 0 0 0 98128312 109915881 98128312 109915881 1227725977 1345014810 12631728 -844159 0 0 0 0 X 0 1 X 1 0 7561894 0 7561894 22610041 0 7318809 15291232 17487 0 17487 0 12498035 0 7465823 5032212 2314643 0 0 2314643 30199981 Annuities, Bonds, FHLB Stock 56312063 C Agency Securities 11032420 F 67344483 0 Member Deposits 1098343567 1098343567 X X 1 1 X X X 0 1 0 Richard Leonardson President/CEO 401445 0 163393 0 4984 0 39387 0 0 0 609209 0 0 0 Gilbert Birdsong Chief Operating Officer 291154 0 43951 0 7898 0 30834 0 0 0 373837 0 0 0 Mike Schenck Chief Lending Officer 230652 0 24074 0 1671 0 26972 0 0 0 283369 0 0 0 Polly Simpson Chief Marketing Officer 204287 0 17968 0 1777 0 25503 0 0 0 249535 0 0 0 Jayme O'Rullian VP of WIS Administration 78986 0 134876 0 298 0 14589 0 0 0 228749 0 0 0 Craig Simpson Legal Counsel 199154 0 6336 0 5308 0 14861 0 0 0 225659 0 0 0 Don West Chief Information Officer 182962 0 22819 0 2394 0 21075 0 0 0 229250 0 0 0 Tammy Nelson Chief Human Resource Officer 181577 0 16427 0 1096 0 23762 0 0 0 222862 0 0 0 Paula Stone Sr. VP of Operations Administration 171454 0 14996 0 3180 0 13251 0 0 0 202881 0 0 0 John Beal Sr. VP of Real Estate Administration 159368 0 25771 0 2080 0 12705 0 0 0 199924 0 0 0 Trevor Hansen VP of Commercial Lending 126462 0 58466 0 207 0 6948 0 0 0 192083 0 0 0 Davin Garlick Chief Financial Officer 161154 0 17716 0 327 0 21644 0 0 0 200841 0 0 0 Jonathan Galusha Sr. VP of Branch Administration 146399 0 13680 0 2609 0 11088 0 0 0 173776 0 0 0 Colene Magera Sr. VP of Branch Administration 137754 0 13536 0 622 0 10643 0 0 0 162555 0 0 0 Schedule J, Part I, Line 1a Companion airfare is provided for travel to some credit union conferences. Health club membership dues are paid for senior and mid-management employees. The cost is less than $600 a year. Schedule J, Part I, Line 4 Senior management and other managers participate in a 457(b) deferred compensation plan. Form 990, Part VI, Section A, Line 6 Westmark Credit Union has more than 72,000 members. Membership is limited to occupational groups in a specified geographical area and members must have a $5 deposit in a primary savings account. Form 990, Part VI, Section A, Line 7a Credit Union members 16 and older elect 7 board of directors. Form 990, Part VI, Section A, Line 7b Members elect board members and must approve merging with or acquiring other credit unions. Form 990, Part VI, Section B, Line 11b Discussed at Board of Directors meeting Form 990, Part VI, Section B, Line 12c The conflict of interest statements are signed annually by the board members and other key officers. Form 990, Part VI, Section B, Line 15 Salaries are determined using industry salary surveys and an internal salary matrix. Form 990, Part VI, Section C, Line 19 Monthly financial statements are reported in each branch location and annual results are presented in the annual report at the annual credit union member meeting. Other information would be available upon request of the board of directors.