Weifang Rural Credit Union

Weifang Rural Credit Union

Weifang associated press was established in April 2000, managing and serving nine rural commercial banks within its jurisdiction. The city's rural credit system has 618 business outlets. By the end of April 2008, the total assets of rural credit cooperatives in the city were 75.73 billion yuan; the total liabilities were 72.81 billion yuan (various deposits were 53.5 billion yuan, including savings deposits of 43.2 billion yuan); the owner's equity was 2.92 billion yuan; the capital adequacy ratio was 6.23%; the proportion of non-performing loans classified by five levels was 7.37%; the loan loss reserve adequacy ratio was 76.72%, and the gap was 310 million yuan. It is estimated that the loan loss reserve adequacy ratio will reach 105.7% at the end of the year.

Have customers

The city's rural credit has created 2278 credit villages with 630000 credit households, supported the establishment of 79 farmers' professional cooperative organizations with 2146 members, established 40 small enterprise alliances with 1390 small and medium-sized enterprises, established 45 professional market merchant credit alliances with 8600 merchants, and owned 16877 basic accounts (customers).

Credit products

Through the integration and process reengineering in recent years, the city associated press has made independent innovation and implemented 26 kinds of "five series" credit products.

Structure of credit assets

Farmers' loans amounted to 13.7 billion yuan, accounting for 34%; mortgage loans amounted to 13.2 billion yuan, accounting for 70.6% (excluding farmers' loans and discount); bonds and bills assets amounted to 17.75 billion yuan, accounting for 21.7%.

Scale of development

Vigorously implement the construction of marketing network for supporting agriculture

While supporting the development of agriculture, rural areas and farmers, it has realized its own healthy development.

Since its establishment, the city associated press has unswervingly followed the market orientation of serving "agriculture, rural areas and farmers". Since 2000, it has taken the lead in organizing and carrying out the work of "one check and two push" in the provincial rural credit system (investigating farmers' loan demand, promoting loan certificates, and promoting loans on the counter). In the practice of expanding the coverage of rural financial services, aiming at the problems of high capital cost, lack of human resources and poor information channels of rural credit, we started to build a four in one marketing network of "supporting agriculture Assistant Customer Manager Credit Union Union Union" in 2001. We used social forces to complete the social services, and initially established a multi-level marketing network A wide coverage and sustainable rural financial service system. At the same time, this work is regarded as the first of the "three strategies" of the city's rural credit system's medium and long-term development plan, and supporting organizations support the operation of "company + base + farmers", so as to promote the development of agricultural standardization and industrialization, and realize the docking of scattered production of thousands of households with the big market. in order to better and faster promote the construction of new socialist countryside, the city associated press has set up the "golden farmers" credit association in Sanyuanzhu village of Shouguang City, and launched the "2 + 1" loan in rural areas. At present, the pilot is gradually expanded, and the construction of marketing network for supporting agriculture is moving towards a new level. Through nearly eight years of practice, a set of credit supporting agriculture model with perfect process and standardized system has been formed. The promotion of the first mock exam has promoted the development of the rural credit business in the city, and the more favorable the bad loans have been made, the social image has been further improved, and the social effects of promoting the rural spiritual civilization construction, the rural grassroots political power construction and the rural stability have been unexpectedly produced, which has aroused the potential traditional virtues and the cultural details of the farmers, and to some extent and certain norms. Encirclement causes or evolves into a revolution of rural social productive forces and production relations. This phenomenon has attracted the attention of the focus interviews of Xinhua news agency and CCTV, and has been extended in 2002, 2003 and 2004. By the end of 2007, 630000 credit households had been assessed in the city, accounting for 37% of the total number of farmers in the city. All agriculture related outlets had obtained loans on the counter, and more than 40% of farmers were supported by credit cooperatives. Among them, the balance of the main credit product "farmers' credit rating loan" was 8.2 billion yuan, accounting for 26.5%, the recovery rate of maturing loans was 99.7%, and the expected loss rate was 0.76%. While supporting the development of agriculture, rural areas and farmers, Weifang rural credit has also achieved good results.

Credit business implements "product line" management, and independently innovates 26 credit products of "five series".

The city Associated Press combines the scientific management concept of modern banks with the reality of Weifang, pays close attention to market demand, innovates business products, and implements "product line" management. We take the lead in innovating and standardizing the city's credit business as "five series" within the scope of rural credit in the whole province

26 products

(1) "jinhuinong" loan series includes farmers' credit rating loan, rural 2 + 1 loan, farmers' micro credit loan, personal loan for labor service abroad, farmers' professional cooperative loan, student origin loan, "home appliances to the countryside" consumption loan; (2) "free salary life" personal business loan series includes individual business joint guarantee loan, individual production and operation "one offset one pass" (3) circular credit business, confirmed warehouse business, warehouse receipt (inventory goods) pledge loan, bank acceptance bill, bank acceptance bill discount, small enterprise "one offset" loan, small and micro enterprise "one guarantee" loan, small enterprise floating credit loan Third party supervision of chattel mortgage loans; (4) "alliance Jinsheng" credit alliance series of professional market merchant credit alliance loans, small and medium-sized enterprise credit alliance loans; (5) "new life movement" consumer loan series of personal housing consumer loans, automobile consumer loans, the same name to mortgage loans, personal consumption "one offset" loans. the above five series of 26 products have gradually become the unique credit brand of Weifang rural credit.

Start the comprehensive risk management and promote the transformation of business mode

strengthen capital constraints on risks and benefits, and implement risk adjusted assessment of operating profits. According to the general requirements of "avoiding short-term behavior, making operation more real, more stable, focusing on quality, and focusing on long-term development", and according to the current risk management level of Weifang rural credit and other factors, the risk adjusted economic capital rate of return assessment mode determined by the new capital accord is gradually achieved step by step. In 2007, the risk adjusted operating profit assessment was tried out. In the assessment of operating profit, the adjustment factors such as expected loss of assets, tolerance of new loan loss, liquidity risk, loan concentration risk and illegal operation risk are added, and the corresponding adjustment coefficient is set according to the contribution of each adjustment item to operating profit to adjust the risk of operating profit. We began to implement a new risk adjusted operating profit assessment system, and implemented quality management rating assessment. At the same time, the implementation of non-performing loan risk prevention and control system, the establishment of loan marketing management, risk monitoring and control and non-performing loan accountability "Trinity" loan risk control process. implement risk assessment of internal control management of accounting. In order to solve the operational risk problems such as non-compliance with rules, illegal operation, repeated investigation and repeated offence, we have innovated the inspection methods of accounting internal control and comprehensively implemented the risk evaluation of accounting internal control management according to the relevant requirements of modern commercial banks' internal control. There are 164 items of 40 items in 12 categories, covering all processes and links of internal business such as accounting, cashier, cash, inter-bank and important blank vouchers. From the end of 2005 to the end of 2007, a total of four evaluations were conducted, and the results showed that the effectiveness was remarkable. The error rate of accounting treatment in the fourth evaluation was 0.13 ‰, which was 0.04 ‰ lower than that in the first evaluation; five B-level and seven C-level units were evaluated in the first evaluation, and six A-level and six B-level units were evaluated in the fourth evaluation. The operational risks such as accounting internal control have been controlled to a certain extent. We also systematically evaluate the computer internal control management and credit internal control management, and take the evaluation results as operational risks into the adjustment of assessment profits.

Optimize the asset structure and initially realize asset diversification

in order to restrain and control the possible liquidity risk caused by the rapid expansion of credit assets, and effectively enhance the ability to control the risk, we have taken optimizing the asset structure and realizing asset diversification as our strategic focus since 2004. On the premise of effectively meeting the capital demand of "agriculture, rural areas and farmers", the work target of increasing the proportion of mortgage and pledge loans and the proportion of bond (bill) assets year by year is determined. After nearly three years of efforts, we have initially realized the transformation of assets from high-risk to low-risk, the transformation of structure from credit assets to diversified assets such as credit, bonds, bills and the same industry, and the transformation of income from deposit and loan interest margin income to multi-channel transformation of income from financial institutions, investment income and intermediate business income. By the end of 2007, the balance of mortgage loans of rural credit cooperatives in the city was 11.7 billion yuan. Excluding discount and farmer loans, mortgage loans accounted for 65.6%, the balance of notes and bonds liquid assets was 13.37 billion yuan, accounting for 31.2% of the total assets, and non loan interest income was 1.7 billion yuan, accounting for 37.7% of the total income. He has been rated as one of the top 50 in the national interbank lending center of the head office for two consecutive years and one of the top 100 in the national interbank market for four consecutive years. In 2006, the total amount of bond delivery in the national inter-bank bond market ranked first in the national rural credit system.

The implementation of human resource management system innovation, the establishment of long-term incentive and restraint mechanism.

In view of the long-term problems restricting the development of credit cooperatives, such as the low quality of personnel, the large age structure, and the poor channels of personnel import and export, we actively explore the implementation of deepening the innovation of employment, distribution, and assessment system. With the support of the Provincial Association, we take the lead in pilot and promote the internal retirement, file trusteeship, and internal replacement of staff in the whole province