Rural credit cooperatives, the abbreviation of rural credit cooperatives, refer to rural cooperative financial institutions established with the approval of the People's Bank of China, which are composed of members' shares, implement democratic management and mainly provide financial services for members. They are the most widely distributed credit cooperatives in rural areas, absorbing deposits and loans from agricultural production, which has a good supporting role for rural agricultural production and people's livelihood.
Rural credit cooperatives are relatively small in scale. Only when it reaches a certain scale and meets the core capital adequacy ratio, capital adequacy ratio, non-performing loans and bad debt reserve adequacy ratio can it be upgraded to a rural commercial bank and listed as a rural commercial bank with the approval of the CBRC.
Rural commercial banks are bigger than rural credit cooperatives and are an upgraded version of rural credit cooperatives. It can be listed and become a public company in the future, but it is a pity that the credit cooperatives can't go public.
Rural credit cooperatives are also called rural credit cooperatives and rural credit cooperatives.
Rural credit cooperatives are banking financial institutions, and their main business is deposit and loan books. At the beginning of its establishment, its main clients were farmers and other producers in rural areas. Because the demand of agricultural producers or small workshops for funds is scattered and small-scale, it is difficult to get the support of banks, so a rural credit cooperative composed of farmers raising funds is formed, and its main purpose is mutual assistance.