The General Assembly, united in session held on 23 October 2014, decided the conversion of Kutxa into a bank foundation and passed new statutes regulating the institution. The decision supported by the representatives of political parties PNV, PSE, PP, union CCOO, and association Pixkanaka, followed like decisions made by their peer financial institutions in Álava (Vital Kutxa) and Biscay (BBK). A proposal to convert Kutxa into a regular foundation put forward by the Regional Government of Gipuzkoa and representatives of EH Bildu was rejected after heated debate.