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Mutual Savings Associations

The history of the mutual form of ownership dates to the formation of the first savings association in 1831—the Oxford Provident Building Association. By buying shares in the association and pooling their money, members came to realize the dreams of homeownership that had been out of reach. Free from stockholder calls for larger returns, mutual institutions tend to be small, locally focused institutions. The OCC tailors its exam procedures and off-site monitoring to the unique characteristics and operations of these institutions. Mutuals play an important role in providing financial services to communities across America.

Mutual Savings Association Advisory Committee

The Mutual Savings Association Advisory Committee (MSAAC) helps the OCC assess the state of mutual savings associations and advises the OCC on ways to help ensure their continued health and viability.

Resources

  • BankNet - Log on to this secure Web site exclusively for employees of national banks and federal savings associations for e-mail, financial services industry news, tools and reports, a calendar of upcoming events, and more.
  • Director Workshops - Register for effective workshops that focus on roles and responsibilities for directors of national community banks and federal savings associations.
  • Subscribe to OCC E-Mail - The OCC offers a variety of information through free e-mail subscriptions:
    • OCC News – Alerts, bulletins, news, and information about the mission, people and capabilities of the OCC.
    • OCC Community Affairs News - Information about community development, small business financing, financial literacy, and consumer protection
    • OCC Education Announcements - Announcements about outreach and educational opportunities for bank professionals.
    • OCC Consumer Advisories - Information of interest to consumers.

References

Publications


Related News and Issuances
Publish DateIdentifierTitle
03/10/2017  NR 2017-29, Comptroller Discusses the Condition of the Federal Banking System
11/16/2016  NR 2016-145, OCC Hosts Mutual Savings Association Advisory Committee Meeting on December 8
10/17/2016  NR 2016-129, OCC's Mutual Savings Association Advisory Committee Charter Renewed