Dividends of rural credit cooperatives

1. Calculate dividend payable. The business departments of the union and credit cooperatives shall calculate the payable shares one by one according to the details of the members' shares and register them;

2. Distribute bonus funds. According to the stock dividend list, the county association shall allocate funds to the credit union where the members (shareholders) are located, which shall be paid by the credit union.

3. If dividends are voluntarily converted into share capital, the members (shareholders) shall fill in the Entrusted Capital Increase Agreement, and the credit cooperatives' managers shall record the relevant contents in their share certificates and subsidiary accounts.

Brief introduction of rural credit cooperatives: Rural 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. Rural credit cooperatives are independent enterprise legal persons, which are responsible for the debts of rural credit cooperatives with all their assets and enjoy civil rights according to law. Its property, legitimate rights and interests and business activities carried out according to law are protected by state laws. Its main task is to raise idle funds in rural areas and provide financial services for agriculture, farmers and rural economic development. In accordance with national laws and financial policies, organize and standardize rural funds, support agricultural production and comprehensive rural development, support various forms of cooperative economy and family economy, and limit and crack down on usury.