After renewing charter, OCC opens search for members of Mutual Savings Association advisory group

New members of the advisory panel made up of mutual savings bank representatives are being sought by the federal regulator of national banks, the agency said Wednesday.

The Office of the Comptroller of the Currency (OCC) said it wants nominations for membership on its Mutual Savings Association Advisory Committee (MSAAC), a volunteer group that provides the agency with “advice and recommendations regarding the current and future circumstances and needs of mutual savings associations.” Nominations are due by Sept. 8.

The agency said officers or directors of OCC-regulated mutual savings associations, or officers or directors of federal stock savings associations that are part of a mutual holding company, are eligible for selection as MSAAC members.

In related action, the OCC also said Wednesday that (fortunately for those considering nominating someone to the panel) that it has renewed the charter for the MSAAC. The panel, the OCC noted, provides insight about the financial institutions and “assesses their current condition, regulatory changes that may promote their health and viability, and other issues” affecting them.

OCC Seeks Nominations for Mutual Savings Association Advisory Committee