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Nonprofit · EIN 82-0218879

WESTMARK CREDIT UNION

Tax-exempt · IDAHO FALLS, ID 83403

Financials

$71.5M$67.6M2023$89.9M$82.4M2024$99.8M$92.6M2025
Revenue Expenses · by fiscal year end
Financials of WESTMARK CREDIT UNION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990$99,753,963$92,600,615$7,153,348$1,627,542,103$1,499,316,886$128,225,217
December 31, 2024990$89,871,813$82,420,225$7,451,588$1,436,932,098$1,316,403,608$120,528,490
December 31, 2023990$71,501,183$67,586,359$3,914,824$1,379,746,743$1,266,931,399$112,815,344
Financial details: 990 for the year ended December 31, 2025

Revenue

Contributions, gifts and grants
$0
Program service revenue
$92,842,933
Investment income
$6,908,781
Other revenue
$2,249

Expenses

Grants and similar amounts paid
$0
Benefits paid to members
$46,101,425
Compensation of officers, directors and key employees
$3,005,494
Other salaries and wages
$16,494,571
Salaries, compensation and benefits (total)
$25,895,437
Professional fundraising fees
$0
Accounting fees
$82,657
Occupancy
$2,501,259
Travel
$355,343
Depreciation
$1,740,961

Balance sheet and other

Total assets, start of year
$1,436,932,098
Total assets, end of year
$1,627,542,103
Total liabilities, end of year
$1,499,316,886
Net assets, end of year
$128,225,217
Land, buildings and equipment
$34,424,878
Gross unrelated business income
$1,359,245
Gross receipts
$99,753,963
Employees
332
Volunteers
11
Year formed
1954
State of legal domicile
ID

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2025, highest compensation first.

NameTitleHours / weekCompensation
Mike SchenckChief Executive Officer
Officer, Key employee, Highest-paid employee
40$468,692
Jonathan GalushaChief Branch Experience Officer
Officer, Key employee, Former
40$330,082
Davin GarlickEVP/Chief Financial Officer
Officer, Key employee
40$302,745
Jayme O'RullianVP of WIS Administration
Key employee
40$291,094
Tammy RidgwellEVP/Chief Administrative Officer
Officer, Key employee
40$287,553
Jade BeckmanEVP/Chief Member Experience Officer
Officer, Key employee
40$274,454
Don WestChief Information Officer
Officer, Key employee
40$250,327
Sara PlothowChief Lending & Strategy Officer
Officer, Key employee
40$229,403
Trevor HansenChief Lending & Infastructure Officer
Officer, Key employee
40$225,497
Colene MageraSr. VP of Branches - Eastern Region
Key employee
40$180,295
Kelli ForbordSVP Real Estate Lending
Key employee
40$165,352
Mike EhlersBoard Chairman
Trustee or director
2$0
Nathan StevensVice Chair
Trustee or director
2$0
Rebecca AdamsVice Chair
Trustee or director
2$0
Steve HammonSecretary
Trustee or director
2$0
3 more people on this return
NameTitleHours / weekCompensation
Derik NielsenTreasurer
Trustee or director
2$0
Will JensonDirector
Trustee or director
2$0
Mike ParkerDirector
Trustee or director
2$0
990 for the year ended December 31, 2024: 19 people
NameTitleHours / weekCompensation
Mike SchenckChief Executive Officer
Officer, Key employee, Highest-paid employee
40$355,878
Polly SimpsonChief Marketing Officer
Key employee, Former
40$278,231
Davin GarlickEVP/Chief Financial Officer
Officer, Key employee
40$243,992
Jade BeckmanEVP/Chief Member Experience Officer
Officer, Key employee
40$233,499
Tammy RidgwellEVP/Chief Administrative Officer
Officer, Key employee
40$227,106
Jayme O'RullianVP of WIS Administration
Key employee
40$199,615
Don WestChief Information Officer
Officer, Key employee
40$198,183
John BealSr. VP of Real Estate Administration
Key employee, Former
40$197,045
Sara PlothowCLXO-Consumer Lending
Officer, Key employee
40$184,231
Trevor HansenCLXO-Commercial/Real Estate
Officer, Key employee
40$181,688
Jonathan GalushaChief Branch Experience Officer
Officer, Key employee
40$173,738
Colene MageraSr. VP of Branches - Eastern Region
Key employee
40$160,963
Mike EhlersBoard Chairman
Trustee or director
2$0
Nathan StevensVice Chair
Trustee or director
2$0
Rebecca AdamsVice Chair
Trustee or director
2$0
Steve HammonSecretary
Trustee or director
2$0
Derik NielsenTreasurer
Trustee or director
2$0
Will JensonDirector
Trustee or director
2$0
Mike ParkerDirector
Trustee or director
2$0
990 for the year ended December 31, 2023: 21 people
NameTitleHours / weekCompensation
Richard LeonardsonPresident/CEO
Officer, Key employee, Highest-paid employee
40$557,585
Gilbert BirdsongChief Operating Officer
Officer, Key employee
40$385,356
Mike SchenckChief Lending Officer
Officer, Key employee
40$263,818
Polly SimpsonChief Marketing Officer
Officer, Key employee
40$246,069
Tammy RidgwellChief Human Resource Officer
Officer, Key employee
40$240,293
Jayme O'RullianVP of WIS Administration
Key employee
40$238,746
Don WestChief Information Officer
Officer, Key employee
40$228,920
Craig SimpsonLegal Counsel
Officer, Key employee
40$228,214
Davin GarlickChief Financial Officer
Officer, Key employee
40$209,480
Paula StoneSr. VP of Operations Administration
Key employee
40$204,034
John BealSr. VP of Real Estate Administration
Key employee
40$191,966
Jonathan GalushaSr. VP of Branch Administration
Key employee
40$169,463
Colene MageraSr. VP of Branch Administration
Key employee
40$164,777
Trevor HansenVP of Commercial Lending
Key employee
40$149,185
Denise TeuscherBoard Chairman
Trustee or director
2$0
Steve HammonSecretary
Trustee or director
2$0
Derik NielsenTreasurer
Trustee or director
2$0
Mike EhlersDirector
Trustee or director
2$0
Rebecca AdamsDirector
Trustee or director
2$0
Nathan StevensDirector
Trustee or director
2$0
Will JensonDirector
Trustee or director
2$0

Address and contacts

Address (IRS master file)
PO BOX 2869, IDAHO FALLS, ID 83403-2869
In care of
% RICH LEONARDSON
Principal officer (990 for 2025)
Mike Schenck, 2520 Channing Way, Idaho Falls, ID 83403
Signed the 990
Davin Garlick, Chief Financial Officer
Phone
(208) 523-2722

Mission

Provide traditional banking services to more than 82,700 members including consumer loans, real estate loans, commercial loans, checking, savings, deposit accounts and electronic banking services.

990 for the year ended December 31, 2025

Program accomplishments

  • Granted $577 million in consumer and commercial loans to credit union members.
    Expenses $33,542,872 · revenue $67,320,029
  • Granted $52 million in first mortgage and other real estate loans to credit union members
    Expenses $5,414,008 · revenue $14,563,104
  • Provided checking, savings and other traditional banking services to credit union members
    Expenses $51,786,687 · revenue $9,600,555
  • Unrelated Business programs of Financial services and ATM usage fees by non-members
    Expenses $1,857,048 · revenue $1,359,245

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026990 on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
82-0218879
Tax-exempt status
501(c)(14): State-chartered credit union
Donations deductible
No
Exempt since
2023
Accounting year ends
December
Files
Form 990 or 990-EZ

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2025$99,753,963$92,600,615$1,627,542,103XML
990December 2024$89,871,813$82,420,225$1,436,932,098XML
990December 2023$71,501,183$67,586,359$1,379,746,743XML
990December 2022$56,814,454$44,182,726$1,345,014,810IRS
990December 2021$51,350,868$36,176,129$1,227,725,977IRS
990December 2020–––IRS
990December 2019–––IRS
990December 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 82-0218879).

Questions about WESTMARK CREDIT UNION

What is the EIN of WESTMARK CREDIT UNION?
The employer identification number (EIN) of WESTMARK CREDIT UNION is 82-0218879.
Is WESTMARK CREDIT UNION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 2023.
Are donations to WESTMARK CREDIT UNION tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does WESTMARK CREDIT UNION file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of WESTMARK CREDIT UNION due?
The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did WESTMARK CREDIT UNION last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2025.
Who is the principal officer of WESTMARK CREDIT UNION?
The 990 for the year ended December 31, 2025 names Mike Schenck.
Who are the officers and directors of WESTMARK CREDIT UNION?
The 990 for the year ended December 31, 2025 lists 18 people; 11 received compensation from the organization, the highest $468,692 (Mike Schenck, Chief Executive Officer).
How much revenue does WESTMARK CREDIT UNION have?
On its 990 for the year ended December 31, 2025 it reported revenue of $99,753,963, expenses of $92,600,615 and total assets of $1,627,542,103 at year end.

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