Iwaki Credit Cooperative (いわき信用組合)
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This entry sits under cooperative-banks INDEX as a Tohoku regional shinkumi (地域信組) anchor within the 143-cooperative population catalogued in Japan credit cooperative registry. Read it against Osaka Shogin Credit Cooperative for the ethnic-business shinkumi contrast and National Federation of Credit Cooperatives (Zenshinkumiren) for the cooperative-system parent.
TL;DR
Iwaki Credit Cooperative is a regional credit cooperative headquartered in Hanabatake-cho, Onahama, Iwaki City, Fukushima Prefecture. FSA registry No. 20 (under the jurisdiction of the Tohoku Local Finance Bureau), corporate number 5380005005753. With small and medium-sized enterprises and residents of the Hamadori area of Fukushima Prefecture (the Soso / Iwaki districts) as its member base, it is one of the representative institutions of the Tohoku shinkumi block that continued operating in the disaster-stricken area of the Great East Japan Earthquake (2011) + the Fukushima Daiichi nuclear accident. A National Federation of Credit Cooperatives (Zenshinkumiren) member, covered by Deposit Insurance Corporation of Japan (DIC). Operating as a regional shinkumi with dual regional + sectoral membership eligibility, its core business is reconstruction financing for the disaster area, fisheries (Onahama Port)-related finance, and Hamadori SME lending.
1. Corporate overview
| Item | Details |
|---|---|
| Formal name | Iwaki Credit Cooperative |
| Common name | Iwaki Shinkumi |
| Corporate number | 5380005005753 ^[extracted FSA registry] |
| FSA registry No. | 20 (Tohoku Local Finance Bureau) |
| Legal form | Credit cooperative (governed by the Act on Cooperatives of Small and Medium-Sized Enterprises, etc.) |
| Head office location | 2-5 Hanabatake-cho, Onahama, Iwaki City, Fukushima Prefecture (postal code 971-8162) ^[extracted FSA registry] |
| System | [[cooperative-banks/zenshin-kumi |
| Supervisory authority | Financial Services Agency / Tohoku Local Finance Bureau |
| Deposit insurance | Covered by [[financial-regulators/dic |
| Home market | Hamadori, Fukushima Prefecture (Iwaki City / Futaba District / Soma district) |
| Shinkumi type | Regional credit cooperative (district membership eligibility) |
Membership eligibility
As a regional shinkumi, membership eligibility has the following three-tier structure (governed by the Act on Cooperatives of Small and Medium-Sized Enterprises, etc.):
- District requirement: Individuals and corporations residing, working, or having a place of business in the district defined by Iwaki Credit Cooperative’s articles of association (mainly the Hamadori area of Fukushima Prefecture)
- Scale requirement: Small and medium-sized enterprises — 300 or fewer employees, or capital of 3 億円 or less (varies by industry)
- Sector: No sector designation (cross-industry, owing to its regional type)
Fukushima Prefecture shinkumi block (registry comparison)
In Fukushima Prefecture there are 4 credit cooperatives on the FSA registry (registry No. 19-22):
| Shinkumi | Head office | Type |
|---|---|---|
| Aizu Shoko Credit Cooperative | Aizuwakamatsu City | Aizu district / commerce-and-industry type |
| Iwaki Credit Cooperative ★this page | Onahama, Iwaki City | Southern Hamadori / regional type |
| Soso Gojo Credit Cooperative | Soma City | Northern Hamadori / core of the earthquake-disaster area |
| Fukushima Prefecture Shoko Credit Cooperative | Koriyama City | Central prefecture / commerce-and-industry type |
Positioning within Zenshinkumiren
- A Tohoku-block member institution of National Federation of Credit Cooperatives (Zenshinkumiren)
- One wing of the 15 Tohoku shinkumi (Aomori 1 + Iwate 2 + Miyagi 3 + Akita 1 + Yamagata 4 + Fukushima 4)
- System ATM linkage and surplus-fund management go through Zenshinkumiren
- Of the bipolar structure of metropolitan shinkumi vs. regional shinkumi across the shinkumi industry as a whole, it belongs to the regional shinkumi group
Business characteristics of a regional shinkumi
- Onahama Port-related — lending to fisheries, seafood-processing, and port-logistics businesses
- Businesses related to the former Joban coalfield — responding to the regional economy in an energy-transition period
- Tourism (Iwaki Yumoto Onsen, etc.) — tourism-related lending in the phase of overcoming reputational damage
- Housing loans — funds for reconstruction public housing and self-rebuilt housing
4. KPI (confirmed figures)
| Indicator | Value | Source |
|---|---|---|
| Deposit balance | 2,041 億 6,148 万円 (2024-03-31) | Iwaki Shinkumi official cooperative overview |
| Loan balance | 1,215 億 862 万円 (2024-03-31) | Iwaki Shinkumi official cooperative overview |
| Capital contributions | 158 億 6,494 万円 (2024-03-31) | Iwaki Shinkumi official cooperative overview |
| Equity capital | 229 億 761 万円 (2024-03-31) | Iwaki Shinkumi official cooperative overview |
| Number of members | 41,810 名 (2024-03-31) | Iwaki Shinkumi official cooperative overview |
| Number of branches | 15 店 (2024-03-31) | Iwaki Shinkumi official cooperative overview |
| Number of full-time officers and staff | 185 名 (2024-03-31) | Iwaki Shinkumi official cooperative overview |
Note: The above are confirmed figures based on the Iwaki Credit Cooperative official “cooperative overview” (as of 2024 年 3 月 31 日). For the latest half-year/full-year figures, see the Iwaki Shinkumi disclosure magazine + Japan credit cooperative registry.
5. Supervision / regulation
- Supervisor: Financial Services Agency / Tohoku Local Finance Bureau
- Legal basis: Japan Financial Regulation — Legal Framework for Tokens, Crypto Assets, and Payments + the Act on Financial Businesses by Cooperatives (Cooperative Finance Act)
- Deposit insurance: Deposit Insurance Corporation of Japan (DIC) general-financial-institution category (shinkumi are also covered; limit of 1,000 万円 + interest)
- Recent policy issues:
- Rebuilding regional financial demand after the completion of the disaster-area reconstruction phase
- Risk of shrinking member base accompanying depopulation / population decline
- The cost of responding to strengthened AML/CFT
Related
- zenshin-kumi — National Federation of Credit Cooperatives (the central institution of the shinkumi industry, the upper-tier system of this shinkumi)
- osaka-shogin-shinkumi — Osaka Shogin Credit Cooperative (peer shinkumi, sectoral / ethnic-system contrast)
- sapporo-chuo-shinkumi — Sapporo Chuo Credit Cooperative (peer regional shinkumi)
- toho-bank — Toho Bank (a Fukushima regional bank, an in-area competitor)
- dic — Deposit Insurance Corporation of Japan
- shoko-chukin — Shoko Chukin Bank (government-affiliated SME finance, disaster-area cooperation)
- credit-cooperative-registry-japan — Japan credit cooperative registry (all 143 shinkumi)
- cooperative-banking-japan — cooperative finance as a whole
- cooperative-banks INDEX
Sources
- Iwaki Credit Cooperative official “cooperative overview” (as of 2024-03-31): https://www.iwaki-shinkumi.shinkumi.net/about-profile.html — deposits 2,041 億円 / loans 1,215 億円 / capital contributions 158 億円 / members 41,810 名 / branches 15 / officers and staff 185 名 / equity capital 229 億円
- Iwaki Credit Cooperative official disclosure-magazine list: https://www.iwaki-shinkumi.com/about-disk.html
- Financial Services Agency list of credit cooperative licenses: https://www.fsa.go.jp/menkyo/menkyoj/shinkumi.xlsx (corporate number 5380005005753, registry No. 20)
- National Association of Credit Cooperatives: https://www.shinyokumiai.or.jp/
- Zenshinkumiren (National Federation of Credit Cooperatives) official: https://www.zenshinkumiren.jp/
- Deposit Insurance Corporation of Japan official: https://www.dic.go.jp/
- Act on Cooperatives of Small and Medium-Sized Enterprises, etc.
- Act on Financial Businesses by Cooperatives (Cooperative Finance Act)
[!info] Verification status confidence: likely. The corporate number, registry No., and head-office location derived from the FSA registry are (public information). KPIs such as deposits, loans, capital contributions, and number of members are confirmed by the Iwaki Shinkumi official cooperative overview (2024-03-31) (replacing the previous approximate estimates with actual figures). For the latest, see the Iwaki Shinkumi disclosure magazine + Zenshinkumiren publications. Added as a representative anchor for Tohoku regional shinkumi in the Wave 13 expansion of the 143-shinkumi chain.