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.
2018 Joint Mutual Forum
The Office of the Comptroller of the Currency and the Federal Deposit Insurance Corporation are holding a Joint Mutual forum on July 25, 2018. Attendees will have the opportunity to meet with executives from other mutual organizations, as well as senior management and leadership of the OCC and the FDIC. The intent of the Joint Forum is to promote the operations of mutual depository institutions and to discuss industry trends.
The Joint Forum is open to executives from mutual institutions and stock institutions owned by mutual holding companies.
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.
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