The full name of rural credit cooperatives is rural credit cooperatives, which was originally restructured from the rural branches of the People's Bank of China. Although the name of rural credit cooperatives does not include the word bank, they are also legal financial institutions approved by the People's Bank of China, and can engage in the business of absorbing public deposits and issuing loans.

1. The financial services provided by rural credit cooperatives are similar to those provided by banks, including savings, loans, transfers, guarantees, credit cards and wealth management. But on the whole, the service items are less than those of conventional banks, and the service population is relatively single.

2 eligible rural credit cooperatives can be transformed into rural commercial banks or rural cooperative banks. The transformation conditions include that the non-performing loan ratio is lower than 15% and the total assets are higher than10 billion yuan. If the requirements are not met, the rural credit cooperative system will continue to be adopted.