Question 1

What is Aichi Doctor's Credit Cooperative?

Accepted Answer

Aichi Doctor's Credit Cooperative (愛知県医師信用組合, abbreviated as "Ishishin") is a specialized occupational credit cooperative (業域信用組合) serving medical doctors who are members of the Aichi Prefectural Medical Association. As a niche financial institution, it operates exclusively to serve physicians and their families in Aichi Prefecture, Japan. The cooperative focuses on providing mutual financial support and assistance to medical professionals, offering both traditional banking services and specialized financial products tailored to the unique needs of doctors.

The cooperative is supervised by the Financial Services Agency of Japan and operates under the Credit Cooperative Act (信用協同組合法).

Question 2

When was Aichi Doctor's Credit Cooperative founded?

Accepted Answer

Aichi Doctor's Credit Cooperative was founded on April 6, 1963. The establishment process began on November 12, 1962, when the founding committee meeting was held. The founding general meeting and first board of directors meeting took place on March 20, 1963, with official recognition granted on April 2, 1963.

The cooperative was established with the principle of mutual assistance among Aichi Prefecture physicians, with Dr. Enzo Hattori serving as the first chairman. At its founding, the cooperative had 1,736 members. The institution was created as a financial arm of the Aichi Prefectural Medical Association to provide specialized financial services that traditional banks might not offer to medical professionals.

Question 3

Where is Aichi Doctor's Credit Cooperative headquartered?

Accepted Answer

The cooperative is headquartered in Nagoya, Aichi Prefecture, at the Aichi Prefectural Medical Association Building. The specific address is 4th Floor, Aichi Prefectural Medical Association Building, 4-14-28 Sakae, Naka-ku, Nagoya-shi, Aichi 460-0008, Japan.

The institution relocated to its current location in March 1981 when the Aichi Prefectural Medical Association Building was newly constructed. The cooperative operates from within this building, reflecting its close relationship with the medical association.

Question 4

Where does Aichi Doctor's Credit Cooperative operate?

Accepted Answer

Aichi Doctor's Credit Cooperative operates exclusively within Aichi Prefecture, Japan. Its membership is restricted to physicians who are members of the Aichi Prefectural Medical Association, and services are provided throughout the prefecture.

The cooperative operates as a single-branch institution, with all operations conducted from its headquarters in Nagoya's Sakae district. Despite having only one physical location, it serves medical professionals across Aichi Prefecture, including both Nagoya city and surrounding areas.

Question 5

What services does Aichi Doctor's Credit Cooperative offer?

Accepted Answer

The cooperative offers a comprehensive range of banking services specifically designed for medical professionals:

Deposit Services: Regular deposits, savings deposits, notice deposits, time deposits, installment savings, special deposits, and tax reserve deposits.

Medical Practice Loans: Medical Practice Support Loans, Medical Practice Succession Loans, New Practice Opening Loans, Medical Equipment Purchase Loans, and Fixed-Term Leasehold Purchase Loans.

Personal Loans: Home loans (including specialized home loans for employed physicians), home renovation loans, automobile loans, education loans (including specialized loans for medical school students), and personal mini-loans.

Special Membership Loans: Special loans for new A-member physicians joining the cooperative, and special loans for employed physicians and medical residents.

Additional Services: Domestic remittances, debt guarantees, agency services for the Japan Finance Organization for Welfare and Medical Service, and safe deposit services.

The cooperative maintains 24-hour inquiry services through online contact forms to accommodate the demanding schedules of medical professionals.

Question 6

What makes Aichi Doctor's Credit Cooperative unique?

Accepted Answer

Aichi Doctor's Credit Cooperative is uniquely positioned as a financial institution exclusively serving medical doctors in Aichi Prefecture. Unlike general banks, it operates on the principle of mutual assistance among physicians, with all members being medical professionals.

The cooperative pursues a highly efficient operational model with minimal staff, focusing exclusively on traditional deposit and lending operations without engaging in investment products or speculative activities. This conservative approach ensures stability and customer-focused service.

As a member-owned cooperative, it provides dividends based on usage to its members, creating a profit-sharing structure uncommon in traditional banking. The institution also offers preferential interest rates and special benefits available only to medical professionals.

The cooperative celebrated its 60th anniversary in 2023, demonstrating six decades of dedicated service to Aichi's medical community. Its products are specifically tailored to physicians' needs, including loans for medical practice succession, new clinic openings, and medical school education for members' children.

Question 7

What type of financial institution is Aichi Doctor's Credit Cooperative?

Accepted Answer

Aichi Doctor's Credit Cooperative is classified as an occupational credit cooperative (業域信用組合, gyōiki shin'yō kumiai) in Japan. This is a specific category of credit cooperative (信用組合, shin'yō kumiai) that serves members of a particular occupation or industry rather than a geographic area.

Credit cooperatives in Japan are cooperative financial institutions established under the Credit Cooperative Act, distinct from both shinkin banks (信用金庫) and traditional banks. They are member-owned institutions focused on mutual assistance principles, where membership is restricted to specific occupational groups.

As an occupational credit cooperative for physicians, membership is limited to doctors affiliated with the Aichi Prefectural Medical Association, making it one of several medical professionals' credit cooperatives operating throughout Japan. The institution is regulated by the Financial Services Agency and is a member of the National Federation of Credit Cooperatives.

Aichi Doctor's Credit Cooperative

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About Aichi Doctor's Credit Cooperative in Japan