Question 1

What is Kagoshimaken Doctor's Credit Cooperative?

Accepted Answer

Kagoshimaken Doctor's Credit Cooperative is a specialized business sector credit cooperative (shinyo kumiai) in Japan that exclusively serves medical professionals in Kagoshima Prefecture. As a cooperative financial institution, it operates under a membership-based model where members are limited to Kagoshima Prefecture Medical Association members, their families, local medical associations, and medical corporations. The cooperative manages approximately 41.3 billion yen in total assets and maintains deposits of around 37.9 billion yen.

The institution is regulated by Japan's Financial Services Agency and operates as part of the country's broader credit cooperative system, which includes 143 such institutions nationwide.

Question 2

When was Kagoshimaken Doctor's Credit Cooperative founded?

Accepted Answer

Kagoshimaken Doctor's Credit Cooperative was established in June 1959. It was created to serve the financial needs of the Kagoshima Prefecture Medical Association members through a cooperative organizational structure. Since its founding, the cooperative has developed alongside the Kagoshima Medical Association, providing specialized banking services tailored to the unique needs of medical practitioners in the region.

The cooperative was founded on the principle of mutual assistance among medical professionals, reflecting the cooperative philosophy central to Japan's shinyo kumiai system.

Question 3

Where is Kagoshimaken Doctor's Credit Cooperative headquartered?

Accepted Answer

The cooperative is headquartered at 8-1 Chuo-cho, Kagoshima City, Kagoshima Prefecture, with postal code 890-0053. The main office is located on the first floor of the Kagoshima Prefecture Medical Association Building.

The institution operates as a single-office cooperative without branch locations, concentrating its operations at the headquarters facility.

Question 4

Where does Kagoshimaken Doctor's Credit Cooperative operate?

Accepted Answer

Kagoshimaken Doctor's Credit Cooperative operates exclusively within Kagoshima Prefecture, serving medical professionals throughout the prefecture. The cooperative's service area encompasses all regional and municipal medical associations within Kagoshima Prefecture.

As a business sector credit cooperative, its membership and operational scope are defined by professional affiliation rather than geographic boundaries within the prefecture. The cooperative serves both practicing physicians in various municipalities across Kagoshima and medical institutions registered with the prefectural medical association.

Question 5

What services does Kagoshimaken Doctor's Credit Cooperative offer?

Accepted Answer

The cooperative provides comprehensive banking services specifically designed for medical professionals. Deposit services include ordinary deposits, settlement accounts, tax preparation deposits, super fixed-term deposits, large-denomination time deposits, date-designated time deposits, installment deposits, medical management reserve funds, and tax countermeasure reserve funds.

Lending services are tailored to physicians' needs and include housing loans, study abroad financing loans, new business loans, automobile loans, educational loans for medical students, business loans, guaranteed loans, loans with group credit life insurance, seasonal special financing, doctor support loans for practicing physicians and single-physician medical corporations, doctor support loans for employed physicians, fresh loans for resident physicians, and loans guaranteed by the Kagoshima Prefecture Credit Guarantee Association and Amami Islands Promotion and Development Fund. The cooperative also offers remittance services for financial transactions.

The institution does not maintain a public website, with services accessed directly through the headquarters office during business hours of 9:00 AM to 5:00 PM, Monday through Friday.

Question 6

What makes Kagoshimaken Doctor's Credit Cooperative unique?

Accepted Answer

The cooperative's defining characteristic is its exclusive focus on serving medical professionals and medical institutions within Kagoshima Prefecture. Membership is restricted to Kagoshima Prefecture Medical Association members, their families, regional medical associations, and medical corporations, creating a highly specialized and closed membership structure.

Unlike general-purpose banks, the cooperative operates on the principle of cooperative deposits, where practicing physicians and medical corporations contribute deposits based on medical service revenues or preferred amounts. The institution employs only 9 staff members yet manages over 41 billion yen in assets, demonstrating efficient specialized operations.

The cooperative's financial products are specifically structured for medical practice economics, including specialized loans for clinic openings, medical equipment financing, and seasonal funding needs aligned with medical practice cash flows. As a member of the Kagoshima medical community infrastructure, it works closely with related organizations including the Kagoshima Prefecture Medical Association and the Kagoshima Prefecture Doctors' National Health Insurance Association.

Question 7

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

Accepted Answer

Kagoshimaken Doctor's Credit Cooperative is classified as a business sector credit cooperative (gyoiki shinyo kumiai) under Japanese financial regulations. This institutional type is one of three categories of credit cooperatives in Japan, alongside regional credit cooperatives and workplace credit cooperatives.

Business sector credit cooperatives serve members from specific industries or professions, and in this case, exclusively serve the medical profession. The cooperative operates under the supervision of Japan's Financial Services Agency and adheres to the cooperative principles of mutual assistance, member ownership, and democratic governance. Members must make capital contributions (currently 10,000 yen representing 10 shares at 1,000 yen per share) to join, and surplus income may be distributed as dividends to members.

This structure distinguishes it from traditional banks (ginko), regional banks (shinkin banks), and general deposit-taking institutions, positioning it within Japan's cooperative financial system that serves 143 credit cooperatives nationwide with combined deposits exceeding 23 trillion yen.

Question 8

What is the governance structure of Kagoshimaken Doctor's Credit Cooperative?

Accepted Answer

The cooperative operates under a member-based governance model typical of Japanese credit cooperatives. Leadership is headed by Chairman Ikeda Takuya, who oversees the institution's operations and strategic direction. The cooperative maintains a capital base of approximately 20 million yen contributed by its members through share subscriptions.

As a cooperative organization, major decisions are made through member participation, with voting rights allocated to qualifying members of the Kagoshima Prefecture Medical Association. The cooperative's board works in close coordination with the Kagoshima Prefecture Medical Association to ensure alignment with the broader goals of supporting medical practice in the region.

Financial governance follows strict regulatory requirements, maintaining a self-capital ratio of 14.45%, well above the 4% minimum required by Japanese financial regulations for credit cooperatives.

Kagoshimaken Doctor's Credit Cooperative

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About Kagoshimaken Doctor's Credit Cooperative in Japan

Kagosh­imaken Doctor's Credit Cooperative