OCC’s Mutual Savings Association Advisory Committee Charter Renewed

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News Release 2020-92 | July 15, 2020

WASHINGTON—The Office of the Comptroller of the Currency (OCC) has renewed the charter of its Mutual Savings Association Advisory Committee (MSAAC), which advises the agency on issues and opportunities facing mutual savings institutions.

“The Mutual Savings Association Advisory Committee is an important resource for OCC to help support the continued heath and viability of these institutions,” said Acting Comptroller of the Currency Brian Brooks. “We’re pleased to renew this committee’s charter and support the important role mutuals have in providing financial services to communities across the country.”

The MSAAC provides advice to the Comptroller of the Currency about mutual savings associations and assesses their current condition, regulatory changes that may promote their health and viability, and other issues affecting these institutions. The committee includes officers and directors of federal mutual savings associations of all types, sizes, operating strategies, and geographic areas, as well as from federal savings associations in a mutual holding company structure.

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