According to the Banking Supervision Law of the People's Republic of China, rural credit cooperatives are not banking financial institutions, but non-bank financial institutions. Rural credit cooperatives are subordinate to county-level credit cooperatives and supervised by the People's Bank of China. Nature of rural credit cooperatives: partnership-collective ownership. It doesn't have as many businesses as commercial banks, and it is functionally equivalent to a part of commercial banks. But its nature is essentially different from that of commercial banks.

Credit cooperatives and banks

Similarities: they all belong to financial institutions. Handle deposit and loan business and fund settlement business.

Difference: 1. The business scope of credit cooperatives generally provides various financial services for rural and urban populations, such as "special bank card service for migrant workers" and "small credit loans for farmers". Banks generally provide financial services for people in big towns and above the county level, with relatively rich varieties. 2, credit cooperatives are county-level associations, as an independent accounting legal entity, set up branches below the county level; The bank has many branches. A branch is a non-independent business unit, usually a first-class legal entity.