What is the full name of the credit union?

The full name of a credit cooperative is the Rural Credit Cooperative Association. There is no difference between rural credit cooperatives and credit cooperatives, both of which are the same institution.

Rural credit cooperatives (rural credit cooperatives, rural credit cooperatives and credit cooperatives) refer to rural cooperative financial institutions established with the approval of the People's Bank of China, which are composed of members' shares, implement democratic management and mainly provide financial services for members. Its performance is 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 credit cooperatives have been rolled out all over the country in accordance with the reform plan of "clarifying the property right relationship, strengthening the restraint mechanism, enhancing the service function, appropriately supporting by the state and being responsible by the provincial local government", and provincial rural credit cooperatives have been established in various provinces and cities to be responsible for the "management, guidance, coordination and service" of rural credit cooperatives in various provinces and cities.

Extended data:

Institutional characteristics of rural credit cooperatives;

First, the group:

Farmers and other individuals in rural areas jointly form cooperative financial organizations whose main purpose is mutual assistance. Its business operation is managed 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. ?

II. Group Capital:

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, and now it is no different from commercial bank loans. ?

Third, business flexibility:

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.

Baidu encyclopedia-rural credit cooperative

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