Question 1

What is Toyamaken Shinkumi Bank?

Accepted Answer

Toyamaken Shinkumi Bank is a credit cooperative (shinkumi bank) headquartered in Tonami City, Toyama Prefecture, Japan. The bank is commonly known by its abbreviated name "Kenshin" and serves the western and central parts of Toyama Prefecture.

The institution operates as a member-owned cooperative providing financial services to local residents and businesses across its service region in Toyama Prefecture.

Question 2

When was Toyamaken Shinkumi Bank founded?

Accepted Answer

Toyamaken Shinkumi Bank was formed in April 1988 through the merger of four credit cooperatives: Chuetsu Credit Union (established December 1951), Koryo Credit Union (established December 1952), Inami Credit Union (established December 1955), and Toyama Prefecture Tobacco Credit Union (established October 1957).

The merger consolidated these regional cooperatives into a single institution serving a broader geographic area. The bank celebrated its 60th anniversary in December 2013, counting from the establishment of the oldest predecessor institution.

Question 3

Where is Toyamaken Shinkumi Bank headquartered?

Accepted Answer

Toyamaken Shinkumi Bank is headquartered in Tonami City, Toyama Prefecture, Japan. The headquarters relocated to Tonami in November 2009, centralizing operations in this western Toyama location.

Tonami is located in the western part of Toyama Prefecture and serves as a regional center for the surrounding agricultural and industrial communities. The location provides access to the bank's service area across western and central Toyama.

Question 4

Where does Toyamaken Shinkumi Bank operate?

Accepted Answer

Toyamaken Shinkumi Bank operates across western and central Toyama Prefecture, maintaining 10 branches throughout its service region. The bank's network extends from Uozu in the east to Johana and Nanto in the west.

Branch locations include the main office in Tonami, along with branches in Takaoka (consolidated from multiple branches in September 2008), Oyama, Uozu, Fukumitsu, Johana-Inami, and other communities. The bank has strategically consolidated branches over time while maintaining service coverage across its region.

Toyama Prefecture is located on the Sea of Japan coast in the Hokuriku region, known for its mountainous terrain, industrial activities, and traditional industries.

Question 5

What services does Toyamaken Shinkumi Bank offer?

Accepted Answer

Toyamaken Shinkumi Bank offers comprehensive financial services including various deposit accounts, savings products, time deposits, and pension-related deposits. The bank provides lending services for housing, business operations, consumer needs, and working capital.

Additional services include foreign exchange operations (authorized December 1993), government bond sales, insurance product distribution, and investment trust services. The bank operates internet banking platforms and maintains ATM services available 365 days per year at all locations.

Digital services include participation in the densai electronic account receivable network (launched February 2013) and ATM partnerships including Seven Bank network access (established March 2013). The bank offers debit card services and various payment processing capabilities.

The institution provides business consultation services through dedicated "startup, new business, and management consultation windows" established at all branches in November 2007.

Question 6

What makes Toyamaken Shinkumi Bank unique?

Accepted Answer

Toyamaken Shinkumi Bank distinguishes itself through its formation from four historic credit cooperatives, bringing together decades of local financial service experience. The bank has maintained operations through strategic branch consolidations while preserving service access across its rural and urban service areas.

The institution maintains business partnerships extending beyond Toyama, including a cooperation agreement with Dai-ichi Kangyo Credit Cooperative (April 2017), collaboration with Hida Shinkumi Bank (August 2015), and partnerships with Toyama Labor Bureau and business organizations. These alliances expand the bank's capabilities to serve members.

The bank has declared its commitment to Sustainable Development Goals, positioning itself as a socially responsible institution focused on community development and sustainability.

Question 7

What type of financial institution is Toyamaken Shinkumi Bank?

Accepted Answer

Toyamaken Shinkumi Bank is a Shinkumi Bank (信用組合, Shin'yō Kumiai), also known as a credit cooperative. These institutions are regulated by the Financial Services Agency under credit cooperative legislation, which is distinct from the Shinkin Bank Act.

Credit cooperatives are member-owned financial institutions operating on cooperative principles with democratic governance structures. They serve specific membership groups within designated regions, focusing on mutual assistance and community economic development rather than profit maximization for external investors.

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About Toyamaken Shinkumi Bank in Japan