A Shinkin bank (信用金庫, Shin-yō kinko, literally "credit treasury") is a type of Japanese deposit institution.
The building of Kyoto Chuo Shinkin Bank.
They are cooperative regional financial institutions serving small and medium enterprises and local residents. Anyone who lives, works, or has an office in the region served by the bank can become a member. However, companies with over 300 employees are prohibited from membership.
Shinkin banks were founded in 1951. They were created to serve some of the same functions as credit unions, but can accept deposit from non-members (inside and outside their area) without limitation and make loans to the "graduated" (outgrew the membership qualifications) members.[1]
As of March 2017, there were 264 Shinkin banks with $1,229 billion in deposits.
Referencesedit
^"信用金庫とは" (in Japanese). The National Association of Shinkin Banks. Retrieved 4 December 2017.
External linksedit
Information from the Shinkin Central Bank
Statistics of Shinkin Banks from Shinkin Central Bank Research Institute
May 03, 2024
shinkin, bank, 信用金庫, shin, kinko, literally, credit, treasury, type, japanese, deposit, institution, building, kyoto, chuo, shinkin, bank, they, cooperative, regional, financial, institutions, serving, small, medium, enterprises, local, residents, anyone, live. A Shinkin bank 信用金庫 Shin yō kinko literally credit treasury is a type of Japanese deposit institution The building of Kyoto Chuo Shinkin Bank They are cooperative regional financial institutions serving small and medium enterprises and local residents Anyone who lives works or has an office in the region served by the bank can become a member However companies with over 300 employees are prohibited from membership The Shinkin Central Bank serves as the central bank for the Shinkin banks In this role it makes loans to and accepts deposits from Shinkin banks The supervising authority is the Financial Services Agency Shinkin banks were founded in 1951 They were created to serve some of the same functions as credit unions but can accept deposit from non members inside and outside their area without limitation and make loans to the graduated outgrew the membership qualifications members 1 As of March 2017 there were 264 Shinkin banks with 1 229 billion in deposits References edit 信用金庫とは in Japanese The National Association of Shinkin Banks Retrieved 4 December 2017 External links editInformation from the Shinkin Central Bank Statistics of Shinkin Banks from Shinkin Central Bank Research Institute Retrieved from https en wikipedia org w index php title Shinkin bank amp oldid 1190511404, wikipedia, wiki, book, books, library,
