Mutual Savings Associations

Today's mutual savings associations still provide mortgages and consumer finance products to their communities and their members. As they have evolved, they have become more like other full-service banks, but they continue to be organized similarly to the first mutual savings association in 1831.

Free from stockholder calls for larger returns, mutual savings associations 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 Website exclusively for employees of national banks and federal savings associations for email, financial services industry news, tools and reports, a calendar of upcoming events, and more.
• Community Bank 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 Email Updates - The OCC offers a variety of information through free email subscriptions:
  • OCC News – Alerts, bulletins, news, and information about the mission, people and capabilities of the OCC
  • OCC Community Affairs - 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 Responsible Innovation - Receive periodic news, updates, and other information regarding responsible innovation affecting the federal banking system.

References

• Comptroller's Handbook booklets issued prior to the OTS Integration date that now apply to FSAs
• OCC Advisory Letters issued prior to the OTS Integration date that now apply to FSAs
• OCC Alerts issued prior to the OTS Integration date that now apply to FSAs
• OCC Banking Bulletins issued prior to the OTS Integration date that now apply to FSAs
• OCC Banking Circulars issued prior to the OTS Integration date that now apply to FSAs
• OCC Bulletins issued prior to the OTS Integration date that now apply to FSAs
• OTS CEO Memos
• OTS Examination Handbook
• OTS Regulatory Bulletins
• OTS Thrift Bulletins
• OTS Trust and Asset Management Handbook
• Rule Redesignation Table

Publications

• A Common Sense Approach to Community Banking
• Apply for a Federal Charter
• Bank Supervision Appeals Process and Summaries
• OCC Licensing Manual
• The OCC Strategic Plan