Question 1

What is Awaji Shinkin Bank?

Accepted Answer

Awaji Shinkin Bank is a Japanese credit union (shinkin bank) headquartered in Sumo city, Hyogo Prefecture. The institution operates primarily on Awaji Island and in surrounding areas of the Kansai region, including parts of Hyogo and Osaka prefectures. As a shinkin bank, Awaji Shinkin Bank is a community-focused financial institution dedicated to supporting local businesses and residents.

Question 2

When was Awaji Shinkin Bank founded?

Accepted Answer

Awaji Shinkin Bank was established on June 10, 1937, as Sumo Mutual Loan Association (保証責任信用組合洲本金庫), with its origins rooted in grassroots community finance. The bank was founded by Takigawa Fukuichi, who rallied local residents to establish a financial institution for the community's benefit. Remarkably, the bank's initial capital came from a community savings initiative called the "Sweat-drop Savings Box" (汗の一滴貯金箱), through which residents collectively saved funds over two years to establish the institution.

Question 3

Where is Awaji Shinkin Bank headquartered?

Accepted Answer

Awaji Shinkin Bank is headquartered in Sumo city (洲本市), Hyogo Prefecture, Japan, with its main office located at 3-chome-5-25 Uyama, Sumo city. The bank maintains a strong presence across the Awaji Island region.

Question 4

Where does Awaji Shinkin Bank operate?

Accepted Answer

The bank primarily operates across Awaji Island and extended service areas including Sumo city, Awaji city, Minami-Awaji city, and surrounding regions in Hyogo Prefecture. Additionally, Awaji Shinkin Bank maintains branches in Kobe, Kashi (明石市), Takarazuka, and other parts of the Kansai region, extending its services from Awaji northward to cover parts of Osaka Prefecture including areas around Amagasaki, Nishinomiya, and other municipalities.

Question 5

What services does Awaji Shinkin Bank offer?

Accepted Answer

Awaji Shinkin Bank offers comprehensive retail and commercial banking services including savings accounts, time deposits, loan products for individuals and businesses, cash management services, and asset management. The bank provides digital banking services including internet banking platforms for both individual and business customers, allowing clients to check account balances, conduct transfers, and manage finances online. The bank also offers ATM services through a nationwide shinkin bank network, enabling cardholders to access funds across Japan with favorable fee structures during designated hours.

Question 6

What makes Awaji Shinkin Bank unique?

Accepted Answer

Awaji Shinkin Bank is deeply rooted in community development and regional economic revitalization. The institution actively participates in local community events such as the Awaji Island Festival, Sumo River Regatta, and Umizora Film Festival. Beyond traditional banking, the bank provides business support services including management consulting, business matching between customers, succession planning assistance, and startup support through initiatives like the Awaji Shinkin Business Club. The bank's founding story—based on community members' personal savings—reflects its enduring commitment to serving the region's economic development.

Question 7

What type of financial institution is Awaji Shinkin Bank?

Accepted Answer

Awaji Shinkin Bank is a shinkin bank (信用金庫), which is a specific category of financial institution unique to Japan's banking system. Shinkin banks are mutual credit associations that operate as member-based cooperatives, focusing on providing financial services to small and medium-sized enterprises and individual customers within their local communities. Unlike commercial banks, shinkin banks prioritize local economic development and community welfare, making them integral to regional economies.

Question 8

How many branches does Awaji Shinkin Bank operate?

Accepted Answer

Awaji Shinkin Bank operates 27 branches throughout its service area, with 18 branches specifically on Awaji Island (6 in Awaji city, 5 in Sumo city, and 7 in Minami-Awaji city), and additional branches extending into the Kobe metropolitan area and other parts of the Kansai region.

Awaji Shinkin Bank

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About Awaji Shinkin Bank in Japan