January 18, 2005 Vol.
2, No. 1
A Mutual Exchange is a monthly electronic newsletter for
mutual institutions. America’s Community Bankers is as committed to
mutual banks as you are to serving your community. We hope that this monthly
update will keep you current on the issues facing mutual
institutions. We welcome your feedback. Please email
[email protected] with your thoughts, comments and
suggestions.
OTS Issues Interim Final Rule On Regulatory Relief
The OTS has recently issued a proposal and an interim final rule
that would amend the definition of “community development” for CRA
purposes and amend the large institution examination weightings.
Click here to read the full
story.
2005 Outlook For Mutuals
What’s on the horizon for mutual institutions in 2005? As we
move past Inauguration Day and into a new session of Congress, what
issues will be the most important for mutual institutions?
Click here to read the full
story.
Additional Conversion Requirements Adopted By NCUA
The NCUA has moved ahead with its proposed disclosure regulations
that will have the overall effect of making it more difficult for a
credit union to convert to a mutual savings bank.
Click here to read the full story.
The Good Work You Do — We Want To Know About
It
Every year,
ACB’s "Today’s Mutual Community Banks"
brochure highlights what mutual
institutions across the country are doing to give back to their communities.
Share your good works with us. Email
[email protected] with
your submissions by the end of January.
Mutual Community Bank
Day — March 14, 2005
Mark your calendars for Mutual Day. Come to Washington to meet with
regulators, lawmakers, their staff and your peers to discuss issues
of importance to mutual institutions and mutual holding companies.
This is an important forum for keeping the time-tested values of
mutuality in front of Congress and the banking regulatory agencies.
Mutual Day precedes ACB’s Government Affairs Conference (March
15-16) and mutual bankers are invited to stay and participate. Registration is complimentary.
Click
here for more information.
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We welcome your article submissions for future editions of the
newsletter. Email
[email protected] with your ideas and feedback.
If you would like your staff members or
a colleague to receive this newsletter, please send their names,
bank name and individual e-mail addresses to
[email protected].
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