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|Washington Mutual Contributes over $125,000 to Oregon Schools Through WaMoola for Schools and Putt for Education Programs|
|PORTLAND, Ore., Nov 21, 2001 (BUSINESS WIRE) -- Washington Mutual recently
presented checks from the WaMoola for Schools and Putt for Education programs
totaling over $125,000 to Oregon schools at a presentation dinner at The
Portland Art Museum.
Each year, for every new checking account opened at Washington Mutual, the bank donates $1 to local schools and school districts. In 2000, more than 1.4 million people opened new checking accounts translating into a record level of school funding offered under the program. Funds are earmarked for teacher support and professional development programs.
"By setting aside $1 for every new checking account, we're able to say thank you to our customers who have made the decision to do business with Washington Mutual," said Washington Mutual Regional Manager, Ken Leander. "We also believe teachers make a critical difference in student learning and are therefore dedicated to supporting our nation's teachers as part of our overall commitment to improving K - 12 public education," added Leander.
The Putt for Education program is a contest that allows participants to try and sink three out of three shots on a miniature putting green. If successful, the putter wins a $50 donation to the school of his or her choice. The contest is free, open to anyone, and Washington Mutual provides all equipment. This year alone, Washington Mutual raised over 85,000 in the Putt for Education program. The program has contributed over $1 million in the past nine years.
Washington Mutual also supports public education through foundation and corporate grants. Employee volunteers from Washington Mutual's CAN! (Committed Active Neighbor) program encourage financial literacy by visiting local schools with innovative classroom presentations on subjects ranging from credit management to the stock market. Washington Mutual's 78-year-old School Savings program offers elementary students free, interest-bearing savings accounts. Students can make deposits to their accounts at school during weekly on-campus "Bank Days." More than $8 million dollars have been deposited in the School Savings program, one quarter at a time.
Editors Note: Supporting documentation available at www.wamu.com in the newsroom.
With a history dating back to 1889, Washington Mutual is a national financial services company that provides a diversified line of products and services to consumers and small- to mid-sized businesses. At Sept. 30, 2001, Washington Mutual and its subsidiaries had consolidated assets of $223.64 billion. Washington Mutual currently operates approximately 2,300 consumer banking, mortgage lending, commercial banking, consumer finance and financial services offices throughout the nation. Washington Mutual's press releases are available at www.wamu.com.
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