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Legal Basis and Purpose Foundation

Legal Basis of Foundation

  • Community Credit Cooperative Act (enacted on 31 Dec 1982 Law No. 3622)

Purpose of Foundation

  • Guidance and supervision over CC
  • Promotion of common interests and sound development of CC

KFCC is organized

  • to promote the common interests and sound development of CC by providing guidance and supervision over their business
  • to serve as a central bank by doing credit business
  • to carry out insurance business for its members
  • to manage a depositor protection scheme
  • to provide education to directors, staff and members of CC
  • to reinforce its relationships with international cooperatives
  • to contribute to the development of local community by providing locally mutual financing,
    so leads the way in helping create a happy community along with members as an advanced general financial cooperative in 21st century.