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.

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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