Pros
With so many banks struggling to find their identity, Washington Federal is a bank forging ahead by reinvesting itself into the local communities where branches are located. From campaigns in January 2013 to restock the depleted shelves of local food banks, here is a bank that is standing by its words and further, acting on them.
Cons
With a struggling economy, it is hard to be optimistic about banks, or even banking in general. With some regulatory changes held up in congress, and others passed that are causing conflicts between a banks bottom line and clients need being met in an expected manner, banking concepts are taking a blow by being slowed down, or charges increasing for seemingly simple account actions. Washington Federal has risen above this by maintaining its position as a portfolio lender, which also keeps it out of the realm of fee-income banking. So, the economic con, becomes this banks advantage over many banks.