1. Rural credit cooperatives do not belong to any bank. They are banking financial institutions and have the basic functions of banks.
2. Rural credit cooperatives (RCCs) are rural cooperative financial institutions established with the approval of the People's Bank of China, which are composed of members with shares, implement democratic management, and mainly provide financial services for members.
3. Rural credit cooperatives are independent enterprise legal persons. They are responsible for the debts of rural credit cooperatives with all their assets and enjoy civil rights according to law.
4. Their property, legitimate rights and interests and business activities carried out according to law are protected by the laws of the State.
5. Its main task is to raise idle funds in rural areas and provide financial services for agriculture, farmers and rural economic development.