Question 1

What is Keiji Shinkumi Bank?

Accepted Answer

Keiji Shinkumi Bank is a regional credit cooperative (shinkin kumiai) headquartered in Kyoto City, serving the Korean-Japanese (Zainichi Korean) community and Japanese residents across Kyoto and Shiga prefectures. The institution operates five branches including locations in Kyoto City (headquarters, Sakyo branch, Fushimi branch), Maizuru, and Shiga Prefecture. As a cooperative financial institution, it provides deposit-taking, lending, and financial services primarily to small businesses and individuals within its designated service area, emphasizing mutual assistance principles and community development.

Question 2

When was Keiji Shinkumi Bank founded?

Accepted Answer

Keiji Shinkumi Bank was established on March 22, 2002, following a preparation committee formed in March 2001 and a founding general meeting held on March 17, 2002. The institution received official establishment approval on March 20, 2002, and commenced business operations on August 12, 2002. The credit union was formed to serve the Korean-Japanese community and Japanese residents after the failure of a predecessor institution (Chosen Kinki Credit Union), providing continuity of financial services to the community.

Question 3

Where is Keiji Shinkumi Bank headquartered?

Accepted Answer

The bank's headquarters is located at 20-2 Saiin Sanzo-cho, Ukyo-ku, Kyoto City, Kyoto Prefecture 615-0021, Japan. The institution maintains five branches across its service territory: the headquarters office in Ukyo-ku, Sakyo branch in Kyoto City, Maizuru branch in northern Kyoto Prefecture, Shiga branch (relocated on July 3, 2023), and Fushimi branch in southern Kyoto City.

Question 4

Where does Keiji Shinkumi Bank operate?

Accepted Answer

Keiji Shinkumi Bank operates throughout Kyoto Prefecture and Shiga Prefecture, as defined in its articles of association. The institution's five branches are strategically located to serve these two prefectures, with concentration in Kyoto City and representation in northern Kyoto (Maizuru) and Shiga Prefecture. This regional focus allows the institution to maintain close relationships with the Korean-Japanese community and local Japanese residents across the Kansai region's two prefectures.

Question 5

What services does Keiji Shinkumi Bank offer?

Accepted Answer

The bank provides comprehensive financial services including various deposit accounts (ordinary deposits, savings deposits, fixed deposits, large-denomination fixed deposits, date-designated fixed deposits, current accounts, settlement deposits), installment savings products (including the "Charara" child-rearing support product and "Tameru-kun" savings plan), and lending products (housing loans, used home loans, bridal loans, free-purpose loans, card loans, education loans, auto loans, reform loans, business loans). The institution offers specialized products including "Ladies Hana" for women members, lottery-linked time deposits "Lucky Chance," and pension recipient preferential deposits. Digital services include the "Shinkumi App with CRECO" smartphone application. The institution operates the "Keiji Shinkumi Business Club" for member companies, facilitating business networking and support.

Question 6

What makes Keiji Shinkumi Bank unique?

Accepted Answer

Keiji Shinkumi Bank serves as a vital financial institution for the Korean-Japanese (Zainichi Korean) community while also welcoming Japanese members, requiring that members or corporate representatives be either Korean-Japanese or Japanese nationals residing or working within the service area. The institution celebrated its 20th anniversary in 2022, demonstrating resilience and successful community service. The credit union maintains unique community engagement initiatives including the "Keiji Ladies Hana" women's group (established February 2006), the "Business Club" (established September 2007), and annual sports tournaments and golf competitions for members. ATM fees are fully refunded monthly, making nationwide ATM access at Japan Post, Seven Bank, AEON Bank, and partner institutions effectively free.

Question 7

What type of financial institution is Keiji Shinkumi Bank?

Accepted Answer

Keiji Shinkumi Bank is a shinkin kumiai (信用組合), or credit cooperative, which operates under the Small and Medium Enterprise Cooperative Law (中小企業等協同組合法) as its fundamental legal framework and the Cooperative Financial Institutions Law (協同組合による金融事業に関する法律) as its regulatory framework. Credit cooperatives in Japan are member-owned cooperative financial institutions based on mutual assistance principles, where members contribute capital through share purchases. To receive loans, customers generally must become members, though deposits can be accepted from non-members. The institution operates on a "one person, one vote" democratic governance system regardless of shareholding size.

Keiji Shinkumi Bank

in Japan 🇯🇵

Crypto-Friendliness

All done!

About Keiji Shinkumi Bank in Japan