Financial Services Agency announces public funding of 14 billion yen to four credit unions due to coronavirus impact. Four credit unions in Niigata, Saitama, Toyama, and Aichi prefectures announced that they would invest public funds.
The central organization, the National Federation of Credit Cooperatives, is working to strengthen the financial foundations of each credit union. The injection of public funds will go to Kirayaka Bank, whose head office is in Yamagata City, and its parent company, Jimoto Holdings.