Rural credit cooperatives are commercial banks, and rural credit cooperatives are local rural bank cooperative financial institutions managed in accordance with the Commercial Bank Law.

They are independent and their business scope is to provide various financial services to rural and urban people.

Rural Credit Cooperatives are also banks officially approved by the China Banking and Insurance Regulatory Commission.

Deposits in rural credit cooperatives can still enjoy the protection of deposit insurance regulations.

If the deposit is less than 500,000, you will be fully compensated even if the credit union goes bankrupt.

In addition, rural credit cooperatives have outlets in every province and city across the country and are managed by each province.

At present, my country's rural credit cooperatives have been renamed as rural commercial banks and continue to provide financial services to users.

Rural Credit Cooperative Banks are rural cooperative financial institutions that mainly provide financial services to their members.

Not affiliated with Agricultural Bank of China and Industrial and Commercial Bank of China.

It is an independent financial institution.

Extended information: 1. The real rural credit cooperative system.

From an economic and legal perspective, each county association is equivalent to an independent banking enterprise.

The actual owner is the provincial government.

Provincial and county cooperatives jointly participate in the establishment of provincial cooperatives; from an administrative point of view, each county cooperative is the administrative department that manages credit cooperatives, and provincial cooperatives are the highest administrative department.

Because of its high administrative status, the provincial capital has become the actual manager of the county council economically.

Rural Credit Cooperatives Rural Credit Cooperatives Rural Credit Cooperatives refer to rural cooperative financial institutions established with the approval of the People's Bank of China, composed of members, practicing democratic management, and mainly providing financial services to members.

Rural credit cooperatives are independent corporate legal persons.

They are responsible for the debts of rural credit cooperatives with all their assets and enjoy civil rights in accordance with the law.

2. Its property, legitimate rights and interests and business activities carried out in accordance with the law are protected by national laws.

Its main task is to raise idle funds in rural areas and provide financial services for the development of agriculture, farmers and rural economy.

In accordance with national laws and financial policies, organize and regulate rural funds, support agricultural production and comprehensive rural development, support various forms of cooperative economy and family member economy, and restrict and crack down on usury.

Rural Credit Cooperatives are composed of Rural Credit Cooperatives, Rural Credit Cooperatives International Finance Department, Rural Credit Cooperatives Zheng Tong Training School, Rural Credit Cooperatives Credit Department and other departments. They are currently under the dual leadership of the China Banking Regulatory Commission and Rural Credit Cooperatives.

2. China’s rural credit cooperatives are commercial banks.

Commercial bank: Commercial bank, abbreviated as CB, its popular online homophony is "deposit bar", which means deposit bank.

The concept of commercial banks is different from central banks and investment banks.

It is a financial institution with the purpose of making profits, using various financial liabilities and various financial assets as its operating objects, raising funds, and having the function of creating credit.

General commercial banks do not have the right to issue currency.

The business of traditional commercial banks is mainly deposit and loan business, that is, borrowing deposits at lower interest rates and issuing loans at higher interest rates.

The interest rate difference between deposits and loans is the main profit of commercial banks.

The main business scope of commercial banks includes absorbing deposits from the public, enterprises and institutions, granting loans, bill discounting and intermediary business.

It is a savings institution, not an investment institution.

3. China Rural Credit Cooperatives are collectively owned banks.

Rural credit cooperatives are local rural bank cooperative financial institutions managed in accordance with the Commercial Bank Law.

Currently, a provincial and county-level legal person system is implemented.

That is, the county cooperative is a first-level legal person, and the provincial cooperative is the platform legal person for the provincial government to manage credit unions.

The bank cards of rural credit cooperatives, rural cooperative banks, and rural commercial banks are all formal UnionPay cards.