Brief introduction of credit cooperatives

Rural credit cooperatives were established with the approval of China Banking Regulatory Commission. They are composed of members who share shares, and democratic management is implemented for members, which is manifested in the "three meetings" system. "Three meetings" specifically refer to the general meeting of members (representatives), the board of directors and the board of supervisors. Rural cooperative financial institutions that mainly provide financial services to community members.

According to the reform plan of "clarifying the property right relationship, strengthening the restraint mechanism, enhancing the service function, with the appropriate support of the state and the responsibility of the provincial local government", rural credit cooperatives are set up 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, rural credit cooperatives mainly have the following three modes:

1, 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 social existence. The reform of credit cooperatives is managed by the provincial government and plays a functional role for social development together with the government. The rural economy mainly depends on the support of credit cooperatives, which have long-term cooperative relations and occupy the right time, place 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 banks and major commercial banks, and the total deposit exceeds 3 trillion yuan, second only to ABC, ICBC and CCB.

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.

As a banking financial institution, rural credit cooperatives have their own characteristics:

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.