Question 1

What is Third Credit Cooperative of Tainan?

Accepted Answer

Third Credit Cooperative of Tainan is a member-owned financial cooperative based in Tainan City, Taiwan. As a credit cooperative, the institution provides savings, lending, and financial services primarily to its members and the local Tainan community. The cooperative operates on cooperative principles where members serve as both customers and co-owners of the institution.

Question 2

When was Third Credit Cooperative of Tainan founded?

Accepted Answer

Third Credit Cooperative of Tainan traces its origins to May 1924, when it was established as the Limited Liability Tainan Shomin Credit Union during the Japanese colonial period. The institution was created as a social enterprise initiative by the Tainan Prefecture to provide savings and loan services to small-scale property owners and working-class residents, serving an economic protection function for the community.

Initially located within the Tainan Prefecture government offices, the credit union later relocated to facilities in the Taicho area. In 1934, to commemorate its tenth anniversary, the organization constructed a new four-story office building in the Suehirocho district at a cost of 40,000 yen.

After World War II, the institution was reorganized and renamed "Tainan City Third Credit Cooperative" in its current form. In March 1948, the cooperative established its first branch, the Ximen Branch, marking the beginning of its expansion. Today the cooperative operates 12 branches throughout the Tainan area.

Question 3

Where is Third Credit Cooperative of Tainan headquartered?

Accepted Answer

Third Credit Cooperative of Tainan is headquartered at No. 7, Zhongzheng Road, Yonghua Borough, West Central District, Tainan City, Taiwan. The historic headquarters building, originally constructed in 1934, remains a significant landmark. The wooden building behind the main office has been designated as a historical building by Tainan City, preserving the institution's architectural heritage.

Question 4

Where does Third Credit Cooperative of Tainan operate?

Accepted Answer

Third Credit Cooperative of Tainan operates 12 branches throughout Tainan City and surrounding areas in southern Taiwan. The cooperative maintains its focus on serving the Tainan region, providing localized financial services throughout one of Taiwan's oldest and most culturally significant cities.

Question 5

What services does Third Credit Cooperative of Tainan offer?

Accepted Answer

Third Credit Cooperative of Tainan provides comprehensive deposit services including passbook savings accounts, time deposits, demand deposits, and certificate of deposit products. The cooperative offers various lending products including housing loans, personal loans, and small business financing.

The institution provides index-based mortgage loans with adjustable rates, following government initiatives for transparent loan pricing. The cooperative publishes quarterly and monthly adjusted base lending rates for different loan products. Payment and settlement services include domestic remittance, bill payment, and agency collection services.

Modern banking conveniences include ATM services, online banking platforms, and mobile banking applications for both iOS and Android devices. The cooperative offers roadside parking fee auto-debit services for multiple cities including Tainan, Taipei, New Taipei, Taoyuan, Taichung, Kaohsiung, Hsinchu City, and Hsinchu County.

Member services include dividend distributions and commemorative gifts for long-standing members. The cooperative participates in government relief programs and provides specialized lending services such as small-scale business loans through the Central Bank's support programs.

Question 6

What makes Third Credit Cooperative of Tainan unique?

Accepted Answer

Third Credit Cooperative of Tainan holds exceptional historical significance as the sole surviving credit cooperative from the eight credit unions that operated in Tainan City during the Japanese period. All seven others have either transformed into commercial banks or merged with other institutions, making the Third Credit Cooperative a unique preservation of Taiwan's cooperative banking heritage.

The institution's historic headquarters building showcases a blend of Japanese and Western architectural styles with distinctive features including traditional timber construction, coffered ceilings, and a hip roof design. The building serves as both a functioning financial institution and a testament to early 20th-century financial architecture in Taiwan.

With nearly a century of continuous operation serving the Tainan community, the cooperative maintains deep roots in local culture and economics. Its longevity and preservation of the cooperative model amid banking sector consolidation demonstrates remarkable institutional resilience and community commitment.

Question 7

What type of financial institution is Third Credit Cooperative of Tainan?

Accepted Answer

Third Credit Cooperative of Tainan is a credit cooperative (信用合作社) in Taiwan's financial system. Credit cooperatives are member-owned financial institutions regulated by Taiwan's Financial Supervisory Commission under the Credit Cooperatives Act. These institutions operate on democratic cooperative principles with member ownership, where members have voting rights in governance and share in the institution's success through dividends. Credit cooperatives emphasize local community service and member benefit over profit maximization for external shareholders.

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About Third Credit Cooperative of Tainan in Taiwan