It is a joint-stock cooperative local financial institution established after the reform of the property right system on the basis of the former rural credit cooperative union of Hohhot and the 15 credit cooperatives under its jurisdiction. It is the first rural cooperative bank in Hohhot.
1, 1954, Hohhot suburban rural credit cooperatives were formally established. In the first 20 years of growth, they were managed by township government, people's bank, people's commune and production brigade respectively.
1979 to 1996, rural credit cooperatives in the suburbs of Hohhot are under the management of China Agricultural Bank. During this period, the Agricultural Bank of China carried out a series of reforms on rural credit cooperatives, and established the suburban credit cooperatives in Hohhot on 1985, which was responsible for the management and supervision of the credit cooperatives under its jurisdiction. At the beginning of 1997, the rural credit cooperatives and the Agricultural Bank of our region broke away from the administrative subordination and realized separate operations, and the People's Bank of China was responsible for industry supervision.
After the establishment of Inner Mongolia Banking Regulatory Bureau in 2003, it exercised the supervision function of credit cooperatives. In August 2005, Inner Mongolia Autonomous Region Rural Credit Cooperative Association was formally established. According to the authorization of the government of the autonomous region, manage, guide, coordinate and serve the rural credit cooperatives in the whole region according to law.
So far, with the care and support of the Party committees and governments at all levels, under the supervision of the Inner Mongolia Banking Regulatory Bureau and the leadership of the Autonomous Region Association, Hohhot suburban rural credit cooperatives have accelerated the pace of reform, promoted the all-round development of all work, and made more and more contributions to local economic development.
2. After 2005, with the care and support of Party committees and governments at all levels, under the supervision of Inner Mongolia Banking Regulatory Bureau and the management guidance of rural credit cooperatives in the autonomous region, Hohhot suburban rural credit cooperatives accelerated the pace of reform, promoted the all-round development of all work, and made more and more contributions to local economic development.
3. The rural credit cooperatives in the suburbs of Hohhot have successfully completed the reform of the property right organization mode, optimized the ownership structure, improved the corporate governance structure, further integrated the institutional outlets, developed steadily in various businesses, rapidly improved their operating efficiency, significantly enhanced their ability to serve the local economy, and realized the successful transformation to a joint-stock cooperative bank!
Is there any risk in bank time deposit?
Bank time deposit is money in the bank. Compared with funds, stocks and other financial management methods, it can obtain stable interest income and never hurt the principal. It is very safe and stable.
But under very special circumstances, bank time deposits are also risky. There are mainly two extremely special situations:
1, unable to obtain the expected savings interest income;
2. Inflation leads to the depreciation of principal.