Rural credit cooperatives are rural cooperative financial institutions approved by the China Banking Regulatory Commission, which are composed of members' shares and implement democratic management of members, mainly providing financial services for community members.

Rural credit cooperatives have been rolled out all over the country in accordance with the reform plan of "clarifying the property rights relationship, strengthening the restraint mechanism, enhancing the service function, appropriately supporting by the state, and being responsible by provincial local governments". Provincial rural credit cooperatives have been established in all provinces and cities to be responsible for the "management, guidance, coordination and service" of rural credit cooperatives in all provinces and cities.

After the reform, there are three main modes of rural credit cooperatives: 1 and rural credit cooperatives. 2. Rural commercial banks. 3. Rural cooperative banks.

The provincial rural credit cooperatives invested in the establishment of rural credit cooperatives' fund settlement centers, realized the deposit and withdrawal business among rural credit cooperatives, rural commercial banks and rural cooperative banks, opened bank cards, joined the modern payment system of the People's Bank of China, and realized the inter-bank deposit and withdrawal business.

Credit cooperatives and society exist. The reform of credit cooperatives is managed by the provincial government and plays a functional role for social development together with the government. At present, the rural economy is mainly supported by credit cooperatives, which have long-term cooperative relations, and credit cooperatives occupy favorable conditions, favorable geographical conditions and people. It is impossible for foreign banks to develop in rural areas. The software and hardware of rural credit cooperatives compete with the four major state-owned commercial banks, and the total deposits are second only to ABC, ICBC and CCB, exceeding 3 trillion.

Credit cooperatives have opened the universal deposit and withdrawal service, which is much more convenient than the previous single withdrawal method, and the personnel are constantly optimized.

Similarities:

All belong to financial institutions. Handle deposit and loan business and fund settlement business.

Difference:

1. The business scope of credit cooperatives is generally to provide 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.