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Idaho Schools Receive $12,239 in ''WaMoola'' Funds

BOISE, Idaho--(BUSINESS WIRE)--May 25, 2001--Idaho schools received $12,239 from the Washington Mutual's (NYSE:WM) 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 Bob Bond, Washington Mutual Consumer Bank Group Manager of Idaho, Utah, Arizona and Nevada. "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."

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 dollars have been deposited in the School Savings program, one quarter at a time.

Local schools and donation amounts included:

Ada County (totaling $6,485):

Boise School District:

  • Whittier Elementary School, $2,255

  • Lowell Elementary School, $124

  • William Howard Taft Elementary School, $124

  • Adams Elementary School, $849

  • Trail Winds Elementary School, $769

Meridian School District (totaling $2,364):

  • Chaparral Elementary School, $504.50

  • Meridian Elementary School, $504.50

  • Seven Oaks Elementary School, $1,355

Bannock County:

  • Pocatello Community Charter School, $144

Bonneville County (totaling $1,388):

Idaho Falls School District:

  • Longfellow Elementary School, $502

  • Theresa Bunker Elementary School, $443

  • Bush Elementary School, $443

Canyon County: (totaling $1,336)

Nampa School District:

  • Lincoln Elementary School, $1,336

Latah County: (totaling $868)

Moscow School District:

  • Moscow School District, $868

Kootani County: (totaling $852)

Coeur D'Alene School District:

  • Winton Elementary School, $852

Twin Falls County (totaling $665):

Filer School District:

  • Filer Middler School, $332.50

Twin Falls School District:

  • Lincoln Elementary School, $332.50

With a history dating back to 1889, Washington Mutual, Inc. (NYSE:WM) is a national financial services company that provides a diversified line of products and services to consumers and small- to mid-sized businesses. At March 31, 2001, Washington Mutual and its subsidiaries had assets of $219.93 billion. Washington Mutual currently operates more than 2,300 consumer banking, mortgage lending, commercial banking, consumer finance and financial services offices throughout the nation. Washington Mutual's news releases are available at www.wamu.com.

--30--RYG/se*

CONTACT: For Washington Mutual, Inc.
Mary Kelley, 206/377-6878