The NFCF offers forest owners and managers the funding they need to support stable forest management. By helping to raise their income level, we are seeking to protect our members' rights and interests. In particular, by extending forest-secured loans, which other financial institutions avoid, the NFCF offers unique services to forest owners and cooperative members.

Mutual financial service
To become a locally owned financial service provider led by forest owners and local residents, the NFCF offers a range of financial services, including deposits, loans, remittance, ATMs, electronic banking (online banking, tele-banking), bill payment, and cash management services (CMS). To ensure the stability of deposits and strengthen our trustworthiness, we also operate a depositor protection fund.
Financial services
Service | Description |
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Remittance | Transfer money to other financial institutions in real time from any financial institution in Korea |
ATMs | Cash withdrawal, deposit, money transfer, and balance inquiry services are available at ATMs at any financial institution |
Electronic banking | Customer can perform financial transactions by phone or computer at any time and place.(online banking, telebanking, etc.) |
Bill payment | Pay various taxes and bills, including utility bills and local taxes |
CMS | Mass-money transfer of small amounts such as salaries and insurance premiums |
Cash Management | Pay various national taxes such as income tax, corporate tax and VAT, as well as a range of fines and penalties |
Debit card payment service | Make payment for goods and services at merchant stores with a debit card |
Mutual financial products
Deposit products
Product | Description |
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Tax-free deposit | Tax-free deposit of up to 30 million won for members and associate members aged 20 or older |
Subsistence savings | Tax-free up to 30 million won for eligible deposits such as senior citizens aged 60 and over or the handicapped |
Tax incentive savings | Low-interest income tax rates applied to a deposit of up to 10 billion won for residents aged 20 and over |
Tax-free long-term housing savings | For a head of household at least 18 years old who does not own a home (including owner of a home valued at less than 300 million won based on the tax standard value), interest income tax is exempted for up to 3 million won in deposits per quarter |
Time deposit | Interest is paid regularly. Interest may be paid out on a monthly compound interest basis |
Installment deposit | A fixed amount is deposited on a monthly basis and paid in lump sum at maturity |
Revolving time deposit | Compound interest is calculated on a revolving cycle (1, 3, 6, or 12 months) |
High Mountain time deposit | For re-deposit of a matured time deposit and installment deposit |
Scholarship installment deposit | A deposit product that encourages savings for pre-school and school-age children |
General deposit | Unlimited deposit and withdrawal with no restrictions on amount and frequency |
Free savings deposit | A deposit product targeting individuals; interest rate varies based on deposit period |
Corporate free deposit | Unlimited deposit and withdrawal (for corporations and small business owners) |
Free installment deposit | A convenient savings product for small-business owners |
Silver Plus installment deposit | An installment deposit targeting persons aged 50 and older who have income to prepare for life after retirement |
Independence deposit | Unlimited deposit and withdrawal |
E-green independence deposit | Unlimited deposit and withdrawal exclusively via online banking |
Big Tree independence deposit | Interest rates differ based on deposit amount |
Green happiness safeguard account | "Seizure prevention exclusive account" to protect beneficiary rights of recipients of basic livelihood subsidies |
Loan products
Product | Description |
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Loan within savings amount | Loan up to the amount of savings and installment deposits up to the maturity date of savings/installment deposits |
General loan | Loan for livelihood stabilization or business capital; up to five years |
Installment deposit-backed loan | Loan up to the maturity date of installment deposit (up to five years) |
Deposit-backed loan | Loan for those with Independence deposit or Corporate free deposit; unlimited deposit and withdrawal |
Daily payback loan | A loan targeting individuals who generate income on a daily basis; repay principal and interest in installments over a short time period |
Housing loan | Loan to purchase, build, or renovate a home; up to 20 years |
Internet loan | Available for individuals who enrolled in Internet banking; an online loan backed by a savings or installment deposit |
Sunshine loan (guarantee-backed loan for low-income individuals) | A livelihood loan, business operation funds, start-up loan, or term loan to low-income individuals with a credit rating of 6 to 10 or annual income of less than 26 million won |
Jeonse loan | Jeonse loan for individuals who plan to secure jeonse-based housing and a livelihood stabilization loan to those who already have jeonse-based housing |
Policy loan support
The NFCF offers forest owners and managers the long-term, low-interest forestry policy loans required by the forestry business and forest product production and distribution facilities. For the convenience of users, we provide simplified loan procedures. We also take advantage of the Credit Guarantee Fund for Agricultural, Forestry, and Fishery Operators to reduce the burden of providing collateral.
Information security activities
In response to perceived anxiety over financial and personal information, the NFCF appointed an information protection officer and a chief officer on information protection, and overhauled its control systems, as well as related rules, in order to establish and operate safer, and more rigorous, management and control procedures. In step with the policies of financial supervisory authorities and the government, we have introduced a variety of information systems and implemented supervision and control measures centered on security. We also continuously analyze and assess our main electronic banking infrastructure to detect potential vulnerabilities.