Shopping on line can be easy, simple and save you lots of money. It can also take a lot of your time, frustrate you, and result in unwanted purchases. Now the same can be said for regular high street shopping, but with the vast opportunity presented by the Internet it will pay you to spend a few minutes reading this and understanding how to better optimize your Washington Mutual shopping experience:
1. Compare - without doubt the biggest advantage that the Washington Mutual offers shoppers today is the ability to compare thousands of Washington Mutual at a time. This is a great thing, but not necessarily all the time! Too much can be daunting at times so take advantage of the great comparison sites and where possible let them do the hard work for you.
2. Research - if it has been said it will be on the internet. Ignorance is no longer a justifiable reason for buying the wrong thing. Take the time to research in detail everything that you could possible want to know about
3. Testimonials - don't know anybody that has bought a Washington Mutual? Wrong! If the Washington Mutual is good the internet will let you know. Use the Internet as a friend and get testimonials before you buy.
4. Questions - Got a question about Washington Mutual then search the Forums, FAQ's, Blogs etc. Don't be afraid to ask .....
5. Reputation - Never heard of the company selling Washington Mutual? Don't worry, no reason why you should know every company in the world, but you know someone that does! Use the internet to find out what people are saying about Washington Mutual and build up a picture of their reputation for sales, returns, customer service, delivery etc.
6. Returns - still worried that even after all of the above your Washington Mutual wont be what you want? Check out the returns policy. There is so much competition now that someone, somewhere is bound to offer the terms that you are comfortable with.
7. Feedback - happy with your Washington Mutual then let people know, after all you are depending on others people input in your buying decision, so why not give a little back.
8. Security - check for the yellow padlock on the Washington Mutual site before you buy, and the s after http:/ /i.e. https:// = a secure site
9. Contact - got a question about Washington Mutual, or want to leave a comment then check out the sites contact page. Reputable companies have them and respond.
10. Payment - ready to pay for your Washington Mutual, then use your credit card or PayPal! Be aware of companies that don't accept them, there may be genuine reasons but given the huge amount of choice you have when buying online there is no reason at all not to buy via credit card or PayPal.
{{Infobox_Company | company_name = Washington Mutual Inc. |
company_logo = ] |
company_type = [Public company ({{nyse|WM-->)|
foundation = 1889|
location = [Seattle, Washington, [Washington|
key_people = [Kerry Killinger, CEO & Chairman|
num_employees = 60,798 |
industry = [Finance and Insurance|
products = [Retail banking
[Financial Services|
slogan = The WaMu way|
revenue = $15.962B [United States dollar|
subsid = WM Financial Services; Washington Mutual Insurance Services; Washington Mutual Card Services|
homepage = http://www.wamu.com/
-->
in
Seattle, WashingtonWashington Mutual (or
WaMu; ) is the
United States largest
savings and loan association. Despite its name, it is not a
credit union, and ceased being a
mutual company in 1983. It is publicly traded on the New York Stock Exchange.
In March 2006, Washington Mutual began moving into its new headquarters, WaMu Center, located in Downtown, Seattle, Washington. The company's previous headquarters, Washington Mutual Tower, still stands about a block away from the new building on Second Avenue.
Washington Mutual's principal activities are to provide financial services to consumers and small businesses such as
demand account,
mortgage loan,
consumer lending, business banking, business lending,
insurance, credit card, commercial real estate mortgage and
investment.
Washington Mutual is the sole surviving major Seattle-based bank after the flurry of mergers in the 1980s and 1990s ended the independence of Rainier Bank,
Seafirst Bank, and People's Bank, among others.
Washington Mutual operates more than 2,600 retail banking, mortgage lending, commercial banking, and financial services offices, as of 2006.
History
Washington Mutual was founded as the Washington National Building Loan and Investment Association on
September 25,
1889 in an attempt to save Seattle's economy after a
Great Seattle Fire nearly destroyed the city. It made the first home mortgage loan on the West Coast on February 10, 1890. Its name was changed to Washington Savings and Loan Association on
June 25 1908. During
World War I its assets would expand by 68%.
By now called Washington Mutual Savings Bank, the company made its first acquisition on July 25,
1930, by purchasing Continental Mutual Savings Bank. Over the next fifty years it would be involved in pioneering
cash machine networks and
telephone banking.
Its marketing slogan for much of its history was "The Friend of the Family."
In 1983, Washington Mutual bought the
stock broker firm Murphey Favre and Demutualization. Today, it trades on the New York Stock Exchange under the
ticker symbol WM. By 1989, its assets had doubled.
In August 2006, Washington Mutual began using the official abbreviation of WaMu in all but the legal viewpoint.
Occasio Branches
Washington Mutual has a number of branches which it calls "Occasio Branches". Occasio is Latin for "favorable opportunity" or "special occasion" (which is also the root of the
English language word, occasion). These branches are designed to provide a more open space than a traditional bank branch, and to have a look and feel similar to that of a contemporary retail store. Instead of teller windows at a counter with a roped-off
Queue area for customers, tellers process customer transactions at individual stations. At these branches, the tellers ordinarily do not give cash directly to customers, but instead give customers a receipt with a
Personal identification number. Customers then walk over to an Automated teller machine-like money dispensing machine where they enter the one-time generated PIN to receive cash. At some Occasio branches, the money is dispensed directly from the teller station, instead of a central machine.
Acquisitions
Since the acquisition of Murphey Favre, Washington Mutual has made numerous acquisitions with the aim of expanding the corporation. By acquiring corporations such as PNC Mortgage, Fleet Mortgage, and Homeside Lending; Washington Mutual is now the 3rd largest mortgage lender in the United States. With the acquisition of Providian Financial Corporation in October 2005, WaMu has also become the nation's 9th largest credit card company.
A list of Washington Mutual acquisitions since demutualization follows:
- Commercial Capital Bancorp, California, 2006
- Providian Financial Corporation, California, 2005
- HomeSide Lending, Inc., Florida, a unit of National Australia Bank, 2002
- Dime Bancorp, Inc., New York, 2002
- FleetBoston Financial, South Carolina, 2001
- Bank United Corp., Texas, 2001
- PNC Mortgage, Illinois, 2001
- Alta Residential Mortgage Trust company, California, 2000
- Long Beach Financial Corp., California, 1999
- Industrial Bank, California, 1998
- H.F. Ahmanson & Co. (Home Savings of America), California, 1998
- Great Western Bank, 1997
- United Western Financial Group, Inc., Utah, 1997
- Keystone Holdings, Inc. (American Savings Bank), California, 1996
- Utah Federal Savings Bank, 1996
- Western Bank, Oregon, 1996
- Enterprise Bank, Washington, 1995
- Olympus Bank FSB, Utah, 1995
- Summit Savings Bank, Washington, 1994
- Far West Federal Savings Bank, Oregon, 1994
- Pacific First Bank, Ontario, 1993
- Pioneer Savings Bank, Washington, 1993
- Great Northwest Bank, Washington, 1992
- Sound Savings & Loan Association, Washington, 1991
- CrossLand Savings FSB, Utah, 1991
- Vancouver Federal Savings Bank, Washington, 1991
- Williamsburg Federal Savings Association, Utah, 1990
- Frontier Federal Savings Association, Washington, 1990
- Old Stone Bank of Washington, FSB, Rhode Island, 1990
- Continental Mutual Savings, 1930
References
External links
{{Infobox_Company | company_name = Washington Mutual Inc. |
company_logo = ] |
company_type = [Public company ({{nyse|WM-->)|
foundation = 1889|
location = [Seattle, Washington, [Washington|
key_people = [Kerry Killinger, CEO & Chairman|
num_employees = 60,798 |
industry = [Finance and Insurance|
products = [Retail banking
[Financial Services|
slogan = The WaMu way|
revenue = $15.962B [United States dollar|
subsid = WM Financial Services; Washington Mutual Insurance Services; Washington Mutual Card Services|
homepage = http://www.wamu.com/
-->
in
Seattle, WashingtonWashington Mutual (or
WaMu; ) is the
United States largest
savings and loan association. Despite its name, it is not a
credit union, and ceased being a
mutual company in 1983. It is publicly traded on the New York Stock Exchange.
In March 2006, Washington Mutual began moving into its new headquarters, WaMu Center, located in Downtown, Seattle, Washington. The company's previous headquarters, Washington Mutual Tower, still stands about a block away from the new building on Second Avenue.
Washington Mutual's principal activities are to provide financial services to consumers and small businesses such as demand account, mortgage loan,
consumer lending, business banking, business lending,
insurance, credit card, commercial real estate mortgage and
investment.
Washington Mutual is the sole surviving major Seattle-based bank after the flurry of mergers in the 1980s and 1990s ended the independence of Rainier Bank, Seafirst Bank, and People's Bank, among others.
Washington Mutual operates more than 2,600 retail banking, mortgage lending, commercial banking, and financial services offices,
as of 2006.
History
Washington Mutual was founded as the Washington National Building Loan and Investment Association on September 25, 1889 in an attempt to save Seattle's economy after a Great Seattle Fire nearly destroyed the city. It made the first home mortgage loan on the West Coast on February 10, 1890. Its name was changed to Washington Savings and Loan Association on June 25
1908. During World War I its assets would expand by 68%.
By now called Washington Mutual
Savings Bank, the company made its first acquisition on
July 25, 1930, by purchasing Continental Mutual Savings Bank. Over the next fifty years it would be involved in pioneering cash machine networks and telephone
banking.
Its marketing slogan for much of its history was "The Friend of the Family."
In 1983, Washington Mutual bought the stock broker firm Murphey Favre and
Demutualization. Today, it trades on the
New York Stock Exchange under the ticker symbol WM. By 1989, its assets had doubled.
In August 2006, Washington Mutual began using the official abbreviation of WaMu in all but the legal viewpoint.
Occasio Branches
Washington Mutual has a number of branches which it calls "Occasio Branches". Occasio is Latin for "favorable opportunity" or "special occasion" (which is also the root of the
English language word, occasion). These branches are designed to provide a more open space than a traditional bank branch, and to have a look and feel similar to that of a contemporary retail store. Instead of teller windows at a counter with a roped-off Queue area for customers, tellers process customer transactions at individual stations. At these branches, the tellers ordinarily do not give cash directly to customers, but instead give customers a receipt with a Personal identification number. Customers then walk over to an
Automated teller machine-like money dispensing machine where they enter the one-time generated PIN to receive cash. At some Occasio branches, the money is dispensed directly from the teller station, instead of a central machine.
Acquisitions
Since the acquisition of Murphey Favre, Washington Mutual has made numerous acquisitions with the aim of expanding the corporation. By acquiring corporations such as PNC Mortgage, Fleet Mortgage, and Homeside Lending; Washington Mutual is now the 3rd largest mortgage lender in the United States. With the acquisition of Providian Financial Corporation in October 2005, WaMu has also become the nation's 9th largest credit card company.
A list of Washington Mutual acquisitions since demutualization follows:
- Commercial Capital Bancorp, California, 2006
- Providian Financial Corporation, California, 2005
- HomeSide Lending, Inc., Florida, a unit of National Australia Bank, 2002
- Dime Bancorp, Inc., New York, 2002
- FleetBoston Financial, South Carolina, 2001
- Bank United Corp., Texas, 2001
- PNC Mortgage, Illinois, 2001
- Alta Residential Mortgage Trust company, California, 2000
- Long Beach Financial Corp., California, 1999
- Industrial Bank, California, 1998
- H.F. Ahmanson & Co. (Home Savings of America), California, 1998
- Great Western Bank, 1997
- United Western Financial Group, Inc., Utah, 1997
- Keystone Holdings, Inc. (American Savings Bank), California, 1996
- Utah Federal Savings Bank, 1996
- Western Bank, Oregon, 1996
- Enterprise Bank, Washington, 1995
- Olympus Bank FSB, Utah, 1995
- Summit Savings Bank, Washington, 1994
- Far West Federal Savings Bank, Oregon, 1994
- Pacific First Bank, Ontario, 1993
- Pioneer Savings Bank, Washington, 1993
- Great Northwest Bank, Washington, 1992
- Sound Savings & Loan Association, Washington, 1991
- CrossLand Savings FSB, Utah, 1991
- Vancouver Federal Savings Bank, Washington, 1991
- Williamsburg Federal Savings Association, Utah, 1990
- Frontier Federal Savings Association, Washington, 1990
- Old Stone Bank of Washington, FSB, Rhode Island, 1990
- Continental Mutual Savings, 1930
References
External links
Washington Mutual - Wikipedia, the free encyclopedia
Washington Mutual (or WaMu; NYSE: WM) is the United States' largest savings and loan association. [1] Despite its name, it is not a credit union, and ceased being a mutual ...
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Washington Mutual ousts boss Kerry Killinger
Washington Mutual, one of America's biggest savings and loan providers, has ousted Kerry Killinger as chief executive, making him the latest casualty of the credit crunch ...
Washington Mutual falls after outlook, cut to junk
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