Two credit unions with head offices in Adachi Ward and Katsushika Ward are proceeding with discussions. If realized, this would be the first merger of Shinkin banks in Tokyo in 19 years.
Tokyo demand for funds is higher than in regional areas and the population is increasing. There are concerns that if the expansion of NISA, a preferential tax system, accelerates the movement of funds, this could lead to a financial crisis for Tokyo. The number of customers, especially among the younger generation, is decreasing due to digitalization.