Washington Mutual - WAMU Joins NACHA Electronic Payments Association

Washington Mutual Joins NACHA

March 7 Washington Mutual (WaMu) has joined NACHA -- The Electronic Payments Association as a direct financial institution member. According to the most recent NACHA Top 50 list, WaMu is the nation's fifth largest receiving financial institution of ACH payments.

"Membership in NACHA provides WaMu with an opportunity to help shape
the future direction of the ACH Network and the payments system," says
Nandita Bakhshi, Payments Division Executive of WaMu. "As electronic
payments continue to trend upward, we are eager to participate in the many
initiatives underway at NACHA."

"Significant changes in the payments industry continually present
financial institutions with new opportunities and challenges," said Elliott
C. McEntee, President and Chief Executive Officer of NACHA. "As the ACH
Network continues to grow in importance to financial institutions and their
customers, membership in NACHA gives financial institutions the information
and tools they need to succeed in today's highly competitive environment.
On behalf of all the members, we welcome WaMu to NACHA."

NACHA now has 42 direct members, consisting of 23 financial
institutions and 19 regional payment associations. The other financial
institution members are ABN-AMRO, American Express Centurion Bank, Bank of
America, BB&T, Capital One, Citigroup, Citizens Bank, Commerce Bank,
Discover Bank, Fort Knox National Bank, Harris, N.A. (BMO Capital Markets),
JPMorgan Chase, KeyBank, Mellon, National City, PNC Bank, Synovus Financial
Corp., TCF National Bank, US Bank, Wachovia, Wells Fargo, and Zions
Bancorporation.

About the ACH Network and NACHA -- The Electronic Payments Association
The Automated Clearing House (ACH) Network facilitates commerce,
electronically, by serving as an efficient, reliable and secure payments
system. NACHA, led by member depository financial institutions and payments
associations, fulfills this purpose by managing the development,
administration, and governance of the ACH Network, and by providing
superior services and value to its members as the industry association
responsible for ACH payments. NACHA represents more than 11,000 financial
institutions through direct memberships and a network of regional payments
associations, and 650 organizations through its industry councils. Visit
NACHA on the Internet at http://www.nacha.org.

About WaMu
WaMu, through its subsidiaries, is one of the nation's leading consumer
and small business banks. At December 31, 2006, WaMu and its subsidiaries
had assets of $346.29 billion. The company has a history dating back to
1889 and its subsidiary banks currently operate more than 2,600 consumer
and small business banking stores throughout the nation. WaMu's press
releases are available at http://newsroom.wamu.com.



SOURCE NACHA -- The Electronic Payments Association