China Rural Cooperative Bank and Rural Credit Cooperatives are the same bank, while China Rural Credit Cooperatives (also known as Rural Credit Cooperatives, Rural Credit Cooperatives Union) refers to the rural cooperative finance, which is established with the approval of the People's Bank of China and consists of members' shares, implements democratic management and mainly provides financial services for members, and belongs to the nature of collective ownership. When farmers encounter financial difficulties in agricultural land management, they can apply for some low-interest loans from this financial institution.

Rural credit cooperatives are also credit cooperation. The so-called credit cooperation is cooperative finance with mutual assistance as the main purpose, referred to as "credit cooperatives" for short, and carries out deposit and loan business among members with 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. Because agricultural producers and small commodity producers are seasonal, decentralized, small-scale and small-scale, 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 difficulty of insufficient funds, so this kind of mutual aid and self-help credit organization established by paying shares and deposits has emerged.