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Which is better, Huludao Rural Commercial Bank or Rural Credit Cooperative?
Rural credit cooperatives and rural commercial banks perform the same functions (the specific details are different, which will be discussed in detail later), because rural commercial banks used to be rural credit cooperatives, and later the State Council issued the "Pilot Program for Deepening the Reform of Rural Credit Cooperatives". After the rural credit cooperatives reached a certain scale and the core capital adequacy ratio reached the standards of rural commercial banks, they were established, restructured and listed as rural commercial banks with the approval of China Banking Regulatory Bureau. So in general, it can be considered that rural commercial banks are upgraded versions of rural credit cooperatives, and rural credit cooperatives will gradually transform into rural commercial banks according to the current national policies.
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