OCC renews charter for mutual savings association advisory panel

The charter for the Mutual Savings Association Advisory Committee (MSAAC) has been renewed for two years, the Office of the Comptroller of the Currency (OCC) announced Thursday.

The comptroller “has determined that the renewal of the MSAAC charter is necessary and in the public interest,” according to a notice for the Federal Register. The two-year charter renewal dates from Sept. 19, the notice says. The panel held its most recent meeting Sept. 25.

The MSAAC, currently with 10 members, advises the comptroller about mutual savings associations and assesses their current condition, regulatory changes that may promote their health and viability, and other issues. Committee members include 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.

The OCC’s Mutual Savings Association Advisory Committee Charter Renewed