The initial password of the standard is 888888, and rural credit cooperatives are also credit cooperative institutions. The so-called credit cooperative institutions are cooperative financial institutions with mutual assistance as the main purpose, referred to as "credit cooperatives" for the purpose of mutual assistance and self-help, and carry out deposit and loan business among members.

the establishment of credit cooperatives is directly related to the development of natural economy and small commodity economy. Due to the seasonal, scattered and small-scale characteristics of agricultural producers and small commodity producers, it is difficult for small producers and farmers to get the support of bank loans, but objectively, the development of production and circulation must solve the difficulty of insufficient capital, so this kind of mutual aid and self-help credit organization established by paying shares and deposits has emerged. Extended information

Farmers and other individuals in rural areas jointly form a cooperative financial organization with mutual assistance as its main purpose. Its business operation is managed by personnel designated by members on the basis of democratic election and is responsible to members. Its highest authority is the members' congress, and the executive body responsible for the management of specific affairs and business operation is the Council.

The main sources of funds are the shares paid by cooperative members, the retained provident fund and the absorbed deposits; Loans are mainly used to solve the capital needs of its members. At first, it mainly issued short-term production and living loans and consumer loans. Later, with the economic development, it gradually widened the lending channels, which is no different from commercial bank loans.

Baidu encyclopedia-rural credit cooperatives