Question 1

What is Aichiken Iryo Credit Cooperative?

Accepted Answer

Aichiken Iryo Credit Cooperative is a specialized credit cooperative financial institution serving medical professionals in Aichi Prefecture, Japan. The institution operates as a professional credit cooperative exclusively for doctors and medical practitioners, founded on the principle of mutual assistance among members of the medical community.

This unique financial institution caters specifically to the financial needs of physicians, including those related to medical practice establishment, equipment financing, and personal financial management. The cooperative serves members of the Aichi Prefectural Medical Association and related medical professionals.

Question 2

When was Aichiken Iryo Credit Cooperative founded?

Accepted Answer

Aichiken Iryo Credit Cooperative was established in 1962 (Showa 37) to serve members of the Aichi Prefectural Dental Association. The institution was founded to promote mutual assistance and co-prosperity among dental professionals in the region.

In 2015 (Heisei 27), the cooperative expanded its service area to include members of the Gifu and Mie Prefectural Dental Associations, broadening its reach to serve dental professionals across multiple prefectures in the Chubu region.

Question 3

Where is Aichiken Iryo Credit Cooperative headquartered?

Accepted Answer

Aichiken Iryo Credit Cooperative is headquartered in Nagoya City, Aichi Prefecture, Japan. The head office is located at 3-5-18 Marunouchi, Naka-ku, Nagoya City. Nagoya, as the capital and largest city of Aichi Prefecture, serves as an appropriate base for serving medical professionals throughout the region.

Question 4

Where does Aichiken Iryo Credit Cooperative operate?

Accepted Answer

Aichiken Iryo Credit Cooperative operates throughout Aichi Prefecture, with expanded operations in Gifu and Mie Prefectures following its 2015 expansion. The cooperative's service area encompasses these three prefectures in the Chubu region, allowing it to serve dental professionals across this broader geographic area.

The institution maintains its primary operations from its Nagoya headquarters while serving members throughout the designated service territory.

Question 5

What services does Aichiken Iryo Credit Cooperative offer?

Accepted Answer

Aichiken Iryo Credit Cooperative provides specialized financial services tailored to the needs of dental professionals. Lending products include medical practice support loans, medical succession loans, new practice establishment loans, medical equipment purchase loans, and fixed-term land acquisition loans.

Personal financial products include housing loans (including specialized loans for salaried dentists), home remodeling loans, automobile loans, education loans (including specialized loans for dental school education), mini free loans, and special loans for new cooperative members.

The cooperative offers various deposit products including savings accounts and time deposits. Members receive dividends on their contributions, with recent dividend rates at 7% (fiscal 2022 performance). The cooperative also provides ATM services and reimburses ATM usage fees at other financial institutions for up to three transactions per month.

The institution emphasizes sound management with efficient, small-scale operations focused exclusively on traditional deposit and lending business.

Question 6

What makes Aichiken Iryo Credit Cooperative unique?

Accepted Answer

Aichiken Iryo Credit Cooperative is distinguished by its exclusive focus on serving dental professionals, operating as a "credit union for dentists, by dentists, for dentists." This specialized focus allows the institution to develop deep expertise in the unique financial needs of dental practices, including practice establishment, succession planning, and equipment financing.

The cooperative's impressive dividend rate of 7% on member contributions demonstrates strong financial performance and commitment to returning value to its professional membership. The institution's expansion from Aichi Prefecture to include Gifu and Mie Prefectures reflects successful growth while maintaining its specialized mission.

Operating with minimal staff and focused exclusively on core deposit and lending activities, the cooperative maintains efficiency and stability while providing highly personalized service to its professional membership.

Question 7

What type of financial institution is Aichiken Iryo Credit Cooperative?

Accepted Answer

Aichiken Iryo Credit Cooperative is a credit cooperative (信用組合, shin-yō kumiai), specifically a professional or occupational credit cooperative serving members of a particular profession. In Japan, such institutions are established under the Small and Medium-Sized Enterprise Cooperative Law or related legislation.

Professional credit cooperatives differ from general credit cooperatives by restricting membership to individuals in specific professions. In this case, membership is limited to dental professionals who are members of the Aichi, Gifu, or Mie Prefectural Dental Associations. This structure allows the institution to specialize in understanding and serving the unique financial needs of its professional membership.

The cooperative operates under the supervision of the Financial Services Agency and adheres to cooperative banking principles of mutual assistance and member ownership.

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