This is a formal rural credit cooperative with government credit guarantee and no risk.

The deposit of rural credit cooperatives is safe, and the deposit funds below 500 thousand yuan can be said to be risk-free, but the possibility of risk is not ruled out.

Rural credit cooperatives are secured by the principal and interest of 500,000 yuan of deposit insurance from the People's Bank of China, which is also relatively safe. Its main task is to raise idle funds in rural areas and provide financial services for agriculture, farmers and rural economic development.

Rural credit cooperatives need to pay deposit reserve. The purpose of implementing deposit reserve is to ensure that commercial banks can have sufficient solvency when they suddenly withdraw a large amount of bank deposits, thus protecting the interests of depositors.