Urban credit cooperatives across the province have always regarded organizing deposits and increasing sources of credit funds as an important task, and their business has developed rapidly. By the end of 1988, the balance of various deposits reached 216 million yuan, an increase of 226.63% from the end of 1987, and the number of depositors increased to 53,615, an increase of 187.34%. Among them, the deposit balances of four city credit unions, including Hongxing in Fuzhou, Xiangcheng in Zhangzhou, Haibin and Yongan in Quanzhou, exceed 10 million yuan.

Urban credit cooperative deposits are divided into the following three categories:

(1) Collective deposits

Collective deposits mainly refer to urban collective enterprises (such as factories run by subdistricts) , enterprises, etc.). At the end of 1987, the collective deposit balance of urban credit cooperatives in the province was 47.4475 million yuan, with 3,311 households. By the end of 1988, the balance reached 150 million yuan and 11,288 households.

(2) Individual deposits

Individual deposits mainly refer to deposits made to individual industrial and commercial households. At the end of 1987, the balance of individual deposits of urban credit cooperatives in the province was 3.8522 million yuan, with 2,165 households, and by the end of 1988, it reached 13.9892 million yuan, with 6,794 households.

(3) Savings deposits

Savings deposits are divided into fixed and demand deposits. In 1987, the savings deposit balance of urban credit cooperatives in the province was 14.8397 million yuan, with 13,183 households. By the end of 1988, the balance reached 52.4106 million yuan (including regular savings balance of 19.4595 million yuan and current savings balance of 32.9511 million yuan), with 35,533 households, and the balance increased by 253.18% compared with 1987.

The deposit interest rate of urban credit cooperatives is based on the unified interest rate stipulated by the People's Bank of China Head Office. In September 1988, the Provincial People's Bank of China issued a notice on the forwarding of the "Regulations on the Management of Urban Credit Cooperatives" stating that the subsidized interest for RMB three-, five- and eight-year value-protected savings deposits will be settled by the urban credit cooperatives themselves.

In addition, in addition to handling their own savings deposit business, urban credit cooperatives also accept agency savings deposit business from professional banks and charge handling fees.

Urban credit cooperative loans are mainly to support the economic development and production of "two small" enterprises and invigorate the circulation of commodities. As of the end of 1988, the balance of various loans was 179 million yuan, an increase of 207.76 compared with the end of 1987, and there were 8,172 loan households, an increase of 145.6. Loans are divided into the following two categories:

(1) Collective loans

The main targets of collective loans are urban collective enterprises. At the end of 1987, the collective loan balance of urban credit cooperatives in the province was 46.6577 million yuan, covering 1,178 households. By the end of 1988, it reached 143 million yuan and 2,764 households, an increase of 206.49 compared with the balance in 1987.

(2) Individual loans

The main targets of individual loans are individual industrial and commercial households. In 1987, the balance of individual loans from urban credit cooperatives in the province was 11.5049 million yuan, covering 2,131 households. By the end of 1988, it was 36.2354 million yuan, with 5,363 households, an increase of 214.96 compared with the balance in 1987.

The loan interest rates of urban credit cooperatives can be raised, and the specific floating range is determined by the Provincial People's Bank of China. In September 1988, the Provincial People's Bank of China stipulated that the interest rate could be raised by 30% based on the benchmark interest rate stipulated by the People's Bank of China Head Office.

The loan management of urban credit cooperatives in this province mainly implements the two aforementioned regulations and formulates loan management methods and loan officer job responsibilities based on their own actual conditions. The asset-liability ratio management system has been implemented since 1988, that is, the sum of the urban credit cooperative's own capital plus accumulation shall not be less than 5% of the total assets; the total amount of loans issued shall not exceed 80% of the sum of its total deposits plus its own capital; The total amount of fixed asset loans issued shall not exceed 30% of the total loan amount; the maximum amount of a large loan to a collective enterprise shall not exceed 50% of its own capital, and the maximum amount of a loan to a self-employed individual shall not exceed 10% of its own capital; fixed The total assets shall not exceed 20% of the sum of own capital plus accumulation.

In the implementation of the two "Regulations", various urban credit cooperatives have gradually implemented the "five main" loan business (that is, the loan targets are mainly "two small" enterprises, the loan period is mainly short-term, and the loan amount is mainly small-amount). , the loan area is mainly local, the loan method is mainly mortgage), and obvious economic and social benefits have been achieved. However, due to the short time they were established and the low professional quality of their employees, when issuing loans, some cooperatives have problems such as failure to implement the "three checks" system, incomplete procedures, lax systems, blind lending, and overdue loans.

In addition to deposits and loans, urban credit cooperatives also handle agency services such as insurance, securities, collection and payment, and custody, as well as cash and transfer settlement, intra-city and remote settlement, and other services. Except for Xiangcheng City Credit Cooperative, which opens at the Xiangcheng District Branch of ICBC Zhangzhou City, all other urban credit cooperatives in this province open accounts with local banks and participate in intra-city bill exchange and fund clearing. Fuzhou Jincheng Urban Credit Cooperative and other companies handle off-site settlements. In addition to handling transfers through local banks, they also enter into direct remittance agreements with urban credit unions in key cities across the country to conduct direct remittances. This has initially formed a mutual exchange between credit unions in major cities. The collaborative network of small affiliated banks expands new channels for capital circulation, which not only facilitates numerous collectives and individual industrial and commercial households, but also saves cash use, accelerates capital turnover, and improves economic efficiency.