Is Zhongjiang County Rural Credit Cooperative Association the same as rural credit cooperatives?

It is the same. The predecessor of rural credit cooperatives is rural credit cooperatives. According to the spirit of rural financial reform in the State Council in 2004, with the approval of China Banking Regulatory Commission, the credit cooperatives completed the restructuring on July 6, 2005. They are joint-stock community local financial institutions composed of farmers, rural industrial and commercial households, enterprise legal persons and other economic organizations within their jurisdiction and employees of the Union.

The Union implements democratic management and mainly provides financial services for agriculture, rural areas and farmers. Rural credit cooperatives include banking department, credit department of rural credit cooperatives, Zheng Tong Rural Credit Cooperative Training School and international finance department of rural credit cooperatives. The rural credit cooperatives union implements a new corporate governance structure of "three meetings and one floor" (members' congress, board of directors, board of supervisors and management headed by the director of the union), which is self-managing, self-financing and self-restraining.