Question 1

What is Omuta Yanagawa Shinkin Bank?

Accepted Answer

Omuta Yanagawa Shinkin Bank is a cooperative regional financial institution (shinkin bank) headquartered in Omuta City, Fukuoka Prefecture, Japan. As a shinkin bank, it serves small and medium-sized enterprises and local residents in the Fukuoka region.

The bank operates as a non-profit cooperative organization based on the fundamental principle of mutual assistance among members. It focuses on supporting local businesses and communities rather than maximizing shareholder profits.

With 14 branches throughout the region and approximately 165 employees, Omuta Yanagawa Shinkin Bank maintains assets of approximately 204.5 billion yen. The institution is the only financial institution headquartered in Omuta City.

Question 2

When was Omuta Yanagawa Shinkin Bank founded?

Accepted Answer

Omuta Yanagawa Shinkin Bank was originally founded on May 21, 1917, as the Mikawa Credit Purchasing Cooperative. The bank celebrated its 100th anniversary in 2017, marking a century of service to the local community.

Like other shinkin banks across Japan, the institution was formally established under the Shinkin Bank Law enacted in June 1951. This legislation created the framework for cooperative financial institutions to serve the needs of small and medium-sized enterprises and local residents throughout Japan.

Question 3

Where is Omuta Yanagawa Shinkin Bank headquartered?

Accepted Answer

Omuta Yanagawa Shinkin Bank is headquartered at 2-2-17 Ariake-cho, Omuta City, Fukuoka Prefecture, with postal code 836-0842, Japan. The head office can be reached at telephone number 0944-52-3305.

The bank also operates a significant branch in Yanagawa City at Kyo-machi 44-1, reflecting the dual geographic focus represented in the bank's name.

Question 4

Where does Omuta Yanagawa Shinkin Bank operate?

Accepted Answer

Omuta Yanagawa Shinkin Bank operates throughout the southern Fukuoka Prefecture region, primarily serving Omuta City, Yanagawa City, and surrounding communities. The bank maintains a network of 14 branches across its service area.

Key branch locations include the main office in Omuta City, the Yanagawa branch, and the Shinsakaemachi branch. The bank's Zengin bank code is 1908, which identifies it within Japan's banking system.

Question 5

What services does Omuta Yanagawa Shinkin Bank offer?

Accepted Answer

Omuta Yanagawa Shinkin Bank offers a comprehensive range of banking services typical of Japanese financial institutions. Deposit services include regular savings accounts, time deposits, retirement benefit deposits, child-rearing support installment deposits, and inheritance deposits.

The bank provides various lending products for both individual customers and business clients, with online loan applications available. Investment and wealth management services include sales of individual government bonds, investment trusts, and pension services.

Insurance products are available through the bank, including life insurance, term insurance, medical insurance, fire insurance, debt repayment support insurance, and accident insurance. The bank also provides standard banking services such as domestic and foreign exchange, payment services for utilities, and safe deposit boxes.

Question 6

What makes Omuta Yanagawa Shinkin Bank unique?

Accepted Answer

As the only financial institution headquartered in Omuta City, Omuta Yanagawa Shinkin Bank plays a unique and vital role in the local economy. The bank's deep roots in the community, spanning over a century, give it unparalleled knowledge of local business conditions and customer needs.

The bank's cooperative structure means membership is open to anyone who lives, works, or has an office in the region, with lending primarily focused on members. However, companies with over 300 employees are prohibited from membership, ensuring the bank remains focused on small and medium-sized enterprises.

The bank's mission explicitly states its commitment to becoming "the best savings institution in the region" and to "serve the economic advancement of small and medium-sized enterprises and the welfare of the general public through finance."

Question 7

What type of financial institution is Omuta Yanagawa Shinkin Bank?

Accepted Answer

Omuta Yanagawa Shinkin Bank is a shinkin bank (信用金庫, shin-yō kinko), which translates to "credit treasury." This is a specific type of cooperative deposit institution unique to Japan's financial system.

Shinkin banks are regulated by the Financial Services Agency and are members of the Shinkin Central Bank system, which serves as their central bank. Unlike commercial banks organized as joint-stock companies focused on profit maximization, shinkin banks operate as mutual aid organizations where members are both customers and owners.

The cooperative nature means that while shinkin banks can accept deposits from non-members without limitation, their lending activities are principally restricted to members. This structure ensures that the institution remains focused on serving local small and medium-sized enterprises and individual residents rather than pursuing profit-driven expansion.

Omuta Yanagawa Shinkin Bank

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About Omuta Yanagawa Shinkin Bank in Japan