Question 1

What is Fukuokaken Shinkumi Bank?

Accepted Answer

Fukuokaken Shinkumi Bank is a credit cooperative serving specific membership groups in Fukuoka Prefecture, Japan. As a Shinkumi institution, it operates under the cooperative credit union model, providing financial services exclusively to its members. The institution focuses on mutual assistance and community support within its membership base, operating on cooperative principles that emphasize member benefit and self-help.

Question 2

When was Fukuokaken Shinkumi Bank founded?

Accepted Answer

[Information not publicly available]

Question 3

Where is Fukuokaken Shinkumi Bank headquartered?

Accepted Answer

Fukuokaken Shinkumi Bank is headquartered in Fukuoka Prefecture, Japan. The institution serves its member base from this location, providing localized financial services tailored to the specific needs of its cooperative membership.

Question 4

Where does Fukuokaken Shinkumi Bank operate?

Accepted Answer

Fukuokaken Shinkumi Bank operates in Fukuoka Prefecture, Japan. As a credit cooperative, its operations are focused on serving its specific membership base within this region. The bank's services are available to qualified members who meet the cooperative's membership requirements throughout the prefecture.

Question 5

What services does Fukuokaken Shinkumi Bank offer?

Accepted Answer

Fukuokaken Shinkumi Bank provides core banking services to its members including deposit accounts, lending facilities, and payment services. As a Shinkumi Bank, it offers savings products, various types of loans (personal, housing, and business-related where applicable), and basic transaction services tailored to member needs.

The institution participates in the Zengin System for domestic fund transfers through the Shinkumi Federation Bank Center, enabling members to conduct standard banking transactions. Services are designed specifically to meet the financial needs of the cooperative's membership group.

Question 6

What makes Fukuokaken Shinkumi Bank unique?

Accepted Answer

Fukuokaken Shinkumi Bank operates on the cooperative principle of mutual assistance, distinguishing it from commercial banks. The institution is member-owned and member-focused, with services designed specifically for its membership group within Fukuoka Prefecture.

As a Shinkumi Bank, it emphasizes the cooperative values of self-help (jijo), mutual aid (kyojo), and community support (kojo). This cooperative structure allows for a more personalized approach to banking that directly serves the community it represents, with decision-making that prioritizes member welfare over profit maximization.

Question 7

What type of financial institution is Fukuokaken Shinkumi Bank?

Accepted Answer

Fukuokaken Shinkumi Bank is a Shinkumi Bank (信用組合, Shinyo Kumiai), also known as a credit cooperative. In Japan, Shinkumi Banks are cooperative financial institutions that serve specific member groups based on occupation, region, or professional affiliation within a defined geographic area.

Unlike Shinkin Banks which serve broader regional communities with less restrictive membership, Shinkumi Banks have more specific membership criteria. They are regulated by the Financial Services Agency and participate in the Japanese payment clearing system through the Shinkumi Federation Bank as an intermediary. These institutions are part of Japan's cooperative financial sector, operating under principles of mutual assistance where members are both owners and customers of the institution.

Fukuokaken Shinkumi Bank

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About Fukuokaken Shinkumi Bank in Japan