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|Utah Schools Receive Over $22,000 in Washington Mutual WaMoola for Schools Funds|
SALT LAKE CITY--(BUSINESS WIRE)--Aug. 6, 2001--Utah schools received $22,908 from the Washington Mutual WaMoola for Schools(TM) program, which provided over $1.45 million in financial support to K-12 public schools across the country.
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.
"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, Southern Utah Omar Hassan. "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 Brad Weber, Washington Mutual regional manager, Northern Utah.
Over the years, Washington Mutual has donated millions of WaMoola dollars to schools since the program began in 1991, with more than $4 million raised in just the last four years. WaMoola for Schools funds are awarded to schools or school districts in local communities based on the number of checking accounts opened in the area.
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 has been deposited in the School Savings program, one quarter at a time.
WaMoola for Schools donation amounts included:
Box Elder County (totaling $500): Whittier Elementary School, $500 Cache County: (totaling $2,183): Lincoln Elementary, $776 Providence Elementary, $631 Riverheights, $776 Davis County (totaling $1,812): Hannah Holbrook Elementary, $691 Hill Field Elementary, $1,121 Salt Lake City County (totaling $11,263): Bonneville Elementary, $595 Columbia Elementary, $538 Draper Elementary, $773 Jackling Elementary, $1,603 Liberty Elementary, $525 Longview Elementary, $525 Mill Creek Elementary, $562 Plymouth Elementary, $925 Wasatch Elementary, $1,728 Washington Elementary, $512 Welby Elementary, $737 Whittier Elementary, $2,240 Summit County (totaling $871): Jeremy Ranch Elementary, $871 Utah County (totaling $ 3,072): Alpine School District Fndn-Hillcrest School, $832 Alpine School District Fndn-Hillcrest School, $749 Joaquin Elementary School, $1,491 Washington County (totaling $454): Dixie Downs Elementary, $454 Weber County (totaling $2,753): Bates Elementary, $1,045 Dee Elementary, $730 Lynn Elementary, $482 Roy High School, $496
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 June 30, 2001, Washington Mutual and its subsidiaries had consolidated assets of $229.30 billion. Washington Mutual currently operates more than 2,300 consumer banking, mortgage lending, commercial banking, consumer finance and financial services offices throughout the nation.