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Labour Bank
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Labour Bank
A Labour Bank (労働金庫), or Rōkin (ろうきん) is an organization akin to a credit union in Japan. There are currently 13 Labour Banks, which are united in the National Association of Labour Banks.
Labour Banks are actually given a unique status in the Japanese financial system, being regulated by the 1953 Labour Bank Law, which reads in part:
They claim in their self-description that:
They offer special financial services to unions, victims of disasters, welfare NPOs, the unemployed, and so forth.
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Labour Bank
A Labour Bank (労働金庫), or Rōkin (ろうきん) is an organization akin to a credit union in Japan. There are currently 13 Labour Banks, which are united in the National Association of Labour Banks.
Labour Banks are actually given a unique status in the Japanese financial system, being regulated by the 1953 Labour Bank Law, which reads in part:
They claim in their self-description that:
They offer special financial services to unions, victims of disasters, welfare NPOs, the unemployed, and so forth.