noun
cooperative credit association
A type of financial cooperative in Japan that accepts deposits and provides loans, similar to a credit union. Often abbreviated as 信組 (しんくみ).
地元の信用協同組合で口座を開設した。
I opened an account at a local cooperative credit association.
Compound of 信用 (credit, trust) + 協同 (cooperation) + 組合 (association, union). The term reflects the cooperative nature of the financial institution.