What kind of bank does a rural credit cooperative belong to?

Rural Credit Cooperative Bank is a rural cooperative financial institution that mainly provides financial services to its members. It does not belong to the Agricultural Bank of China and the Industrial and Commercial Bank of China, and is an independent financial institution.

From an economic and legal point of view, each county association is equivalent to an independent bank (enterprise), the actual owner is the provincial **, and the county association in the province jointly invested in the formation of the provincial association; Administratively speaking, each county association is an administrative department that manages the credit union, and the provincial association is the highest administrative department. Because of the higher administrative status, the provincial association has become the actual manager of the county association economically.

Rural credit cooperatives refer to rural cooperative financial institutions established with the approval of the People's Bank of China, composed of members, practicing democratic management, and mainly providing financial services to members. Rural credit cooperatives are independent enterprise legal persons, which are liable for the debts of rural credit cooperatives with all their assets and enjoy civil rights in accordance with the law. Their property, legitimate rights and interests, and business activities carried out in accordance with the law of the state are protected by the laws of the state.

Its main task is to raise idle funds in rural areas and to provide financial services for agriculture, farmers and rural economic development. In accordance with the provisions of national laws and financial policies, organize and regulate rural areas, support agricultural production and comprehensive rural development, support various forms of cooperative economy and member family economy, and restrict and crack down on usury. Rural credit cooperatives are divided into the following departments, rural credit cooperatives, rural credit cooperatives international financial department, Zhengtong rural credit cooperatives training school, rural credit cooperatives credit department, etc., which are currently under the dual leadership of the China Banking Regulatory Commission and the first department.

Rural credit cooperatives are local rural banking cooperative financial institutions, whose main task is to raise idle funds in rural areas and provide financial services for agriculture, farmers and rural economic development. Generally, it handles deposits and loans for farmers, and of course, it will also handle corporate business for companies, and certain conditions need to be met when handling loans, otherwise the loans will be rejected.

Rural credit cooperatives have their own characteristics, and the main funds** are the shares paid by the members of the cooperative, the retained provident fund and the deposits absorbed; The loan is mainly used to meet the financial needs of its members. At first, it mainly issued short-term production and living loans and consumer loans, which were no different from commercial bank loans.

The bank's corporate business includes institutional business, ** custody, unit deposit business, fund clearing, etc., and the corporate business can only be handled from Monday to Friday (except holidays), and it can not be handled at noon from Monday to Friday, and can only be handled during the normal working hours of the bank.

The personal business of the bank includes personal savings, personal intermediary business, personal purchase of wealth management products, bank card business, personal e-banking and other businesses, which can be handled as long as the bank is working hours, but some individual businesses may need to be booked, such as large-amount withdrawals, which generally need to be booked one day in advance.

Hello dear, the rural credit cooperatives do not belong to any bank, it belongs to a rural cooperative financial institution similar to a bank, and the business handled is basically the same as that of the bank, and the areas that provide financial services are mainly rural. The nature of rural credit cooperatives is independent, and they are formally established banks with the approval of the China Banking Regulatory Commission, and deposits in rural credit cooperatives are also guaranteed, and deposits within 500,000 yuan will be paid in full to depositors when the credit cooperatives go bankrupt. Rural credit cooperatives are distributed in all provinces, municipalities and regions across the country, and they are managed by each province.

The fact that the Rural Credit Cooperatives have now been renamed Rural Commercial Bank does not mean that the Credit Cooperatives are Industrial and Commercial Bank of China or a subsidiary of the Agricultural Bank of China.

If there is a need for deposits, the existence of rural credit cooperatives is also a very good choice.

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