Rural credit cooperatives are banking financial institutions. The so-called banking financial institutions are also called deposit institutions and deposit currency banks. Their common feature is that deposits are the main liabilities, loans are the main assets, and transfer settlement is the main intermediary business, which directly participates in the creation process of deposit currency.

Rural credit cooperatives are also credit cooperative institutions. The so-called credit cooperative institutions are cooperative financial institutions whose main purpose is mutual assistance, referred to as "credit cooperatives", which carry out deposit and loan business among members for the purpose of mutual assistance and self-help. The establishment of credit cooperatives is directly related to the development of natural economy and small commodity economy. Due to the seasonal 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 problem of insufficient funds, so this kind of mutual help self-help credit organization established by means of capital contribution and deposit has emerged.

Extended data

First, rural credit cooperatives as banking financial institutions have their own characteristics, mainly in:

1. Farmers and other individuals in rural areas jointly form cooperative financial organizations whose main purpose is mutual assistance. Its business operation is managed and operated by the personnel designated by the members on the basis of democratic election and is responsible to the members. Its highest authority is the member congress, and the executive body responsible for managing specific affairs and business operations is the Council.

2. The main sources of funds are shares paid by cooperative members, retained provident fund and 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 broadened the channels of borrowing, which is no different from commercial bank loans.

3. Because the business object is a cooperative member, the business process is simple and flexible.

The main tasks of rural credit cooperatives are to organize and regulate rural funds, support agricultural production and comprehensive rural development, support various forms of cooperative economy and member family economy, and limit and crack down on usury according to the provisions of national laws and financial policies.

Two, Guangxi rural credit cooperatives and Guangxi rural commercial bank are not the same bank, the specific differences are as follows:

1. Guangxi Rural Credit Cooperative is a bureau-level local financial institution approved by China Banking Regulatory Commission. It is managed by the people's government of the autonomous region and entrusted by the people's government of the autonomous region to exercise management, guidance, coordination and service functions for rural credit cooperatives in the whole region. 20 18 Guangxi Zhuang Autonomous Region Rural Credit Cooperative Association won the "Outstanding Contribution Award of Financial Institutions in Supporting Guangxi's Economic Development" awarded by the People's Government of Guangxi Zhuang Autonomous Region for two consecutive years. 20 18 was awarded the honorary title of "advanced unit of financing service for small enterprises" by the people's government of the autonomous region.

2. Guangxi Rural Commercial Bank was gradually reformed by Guangxi Rural Credit Cooperatives. At present, the whole Guangxi Autonomous Region is gradually reforming rural credit cooperatives into rural commercial banks. Guangxi rural credit cooperative is the predecessor of Guangxi rural commercial bank, which developed from Guangxi rural credit cooperative.