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Mutuality Issues and Resources

ABA supports the mutual and mutual holding company options through active participation with the banking agencies to achieve more flexible and tailored rulemaking and supervisory guidance for mutual charters.

ABA Resources | Professional Development | Legislative / Regulatory Information
Letters | Mutual Institutions Council

ABA Resources

• Today's Mutual Community Banks 03/2008
  This important booklet tells the story of mutuality. It discusses the mutual charter and the benefits it provides to families, communities and the nation. It answers questions about the value and importance of mutual ownership in today's marketplace and explains why that value increases in a competitive global economy.
   
• Corporate Governance for Mutuals 11/2007
  A checklist on corporate governance policies of your bank. To quote the authors, "While a mutual savings institution is different in many ways from a public company, mutuals should be just as concerned by corporate governance issues."
  • Appendix A - Court Decisions
  • Appendix B - State Governance Requirements
  • Appendix C - Section 310, Appendix A of the OTS Examination Manual
  • Appendix D - Sample Audit Committee Charter
  • Appendix E - Sample Nomination Committee Charter
  • Appendix F - FDIC FIL 105, 2005 - "Corporate Codes of Conduct"
  • Appendix G  Sample Code of Ethics
  • Appendix H - Sample Conflicts of Interest
  • Appendix I - FDIC Appexndix B to 12 CFR Part 364, "Interagency Guidelines Establishing Information Security Standards
  • Appendix J - Sample Confidentiality Policy
  • Appendix K - State Data Breach Enactments
     
• ABAWorks on Mutuals Accounting for Combinations of Mutual Entities: Using the Purchase Method 
  Summarizes the business combinations accounting standard and provides illustrations for a better understanding of how to implement the purchase accounting method for combinations of mutual entities.
   
• Data Breach Legislation Chart 9/12/2007 
• Credit Union Conversion Issues Presentation 2/22/2004 
• White Paper: Accounting for Business Combinations of Mutual Savings Banks 2/12/2002

Professional Development

• Mutual Community Bank Conference
• ABA Government Relations Summit
• Complete list of Professional Development offerings

Legislative / Regulatory Information

ABA and 4 State Trade Associations -- North Carolina Bankers Assn, Ohio Bankers League, Pennsylvania Bankers Association and Wisconsin Bankers Assn -- File Brief of Amici Curiae in Support of Appellant Spencer Bank

• Brief of Amici Curiae 5/27/2008
• Motion for Leave to File Brief as Amici Curiae 5/272008

Agency Spotlight Newsletter

• Agency Spotlight, January 16, 2008
• Agency Spotlight, January 2, 2008
• Agency Spotlight, December 12, 2007

Mutual Exchange Newsletter

• Mutual Exchange, May 2008
• Mutual Exchange, March 2008
• Mutual Exchange, November 2007
• Mutual Exchange, June 2007

Letters
FASB Issues

• Memo on Compensation Considerations for Mutual Institutions 8/11/2005
• Memo to MAC on Status of FASB Business Combination Project 3/3/2004
• Memo Opposing Senate Bill No. 363 3/3/2004
• Letter to FASB on Mutual Accounting Procedures 3/24/2004
• Letter to FASB on Mutual Savings Banks 3/11/2004
• Letter to FASB on Loan Participations 6/14/2003
• Letter to NCUA on Amendments to Conversion Regulations 12/1/2003

Mutual Institutions Council

ABA's Mutual Institutions Council  addresses issues of particular interest to mutually-chartered financial institutions and provides a forum for the discussion and development of legislative and regulatory recommendations and actions.

• Mission Statements

Questions? Please contact Bob Davis, Executive Vice President, Office of Mortgage Finance, Risk Management and Public Policy; Dawn Causey, General Counsel, or Alex Maroulis-Cronmiller, Vice President, Member Relations.