From the established date on
December 23rd, 1949, Credit
Department is always the motive
power to move forward the
businesses; this is the same as
other financial units. What the
most different is that standard
financial structure is leading
with engaging to make profit and
share the surplus to the
stockholder. Uncle Tsai, Chia-Fu
said that no lower than 62%
surplus should be invested to
promote the Agriculture
education in order to feedback
to farmers and benefit to the
weak groups; this is the Credit
Department of Farmers'
Association always following its
terms and conditions.
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Currently, there are 3 business
offices from Credit Department
of Farmers' Association: |
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1. |
The Head quarter of Credit
Department located on the Chung
Shan I road |
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2. |
Cheng Kung branch office besides
the Yung-Lien Temple |
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3. |
The Hui-Yao office opposite to
Chung- Yi Temple |
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The Openness of
Hui-Yao office
in 1989 |
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There were 27 Farmers'
Associations' Credit
Department merged under
the basic financial
innovation during 2000
to 2002. The reason is
because the overdue loan
rate is too high; that
is why not each Farmers' Association owns its
Credit Department.
What is the overdue
loan? Simple to be
speaking, it is the
overdue amount divides
the amount of borrowing
out. If the amount
borrows out is overdue
for a long time, this
will danger a enterprise
to be bankrupt.
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The main revenue from
Farmers' Association is
from the money deposited
in the Credit Department
by the publics and then
borrowed out to others.
Do you know that?
The Overdue load from
LuJou Farmers'
Association is
"0%"ĦI
The CEO of Mr. Li,
Hsien-Tsung points out:
if there anyone doesn't
get money back on time
even find some lobby
illegally; Farmers'
Association will forward
this directly to court
to justify. So each
case has establish its
power and trust; all the
people came to LuJou
Farmers' Association for
loan know well that they
to have get money back
on time without delay. |
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The Arrangement of
available surplus;
the unit
"spent
most"
is promotion
department. |
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Today's
Hui-Yao
office |
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Today's
Headquarter
of
Credit
Department |
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Today's Cheng
Kung Branch
Office |
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The CEO is proud of
himself and said that
the interest of overdue
load is not too high; A
lot of prizes won in
2005 |
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2005 the credit business best
prize |
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2005 assets quality management
in efficiency prize |
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2005 outstanding overdue payment
collector prize |
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2005 Top 5 of business
development of national-wide
Farmers'
Association |
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2005 Excellent prize, score 99
points of credit business |
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The Credit Department in
1989 |
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Though the profit receiving from
other local Farmers' Association
are not good as LuJou one; but
all of them collect the
available surplus 8% to be as
the training budget and forward
the Hsien Farmers' Association
even province one to share
together. That means the
objects LuJou feedback are not
only the LuJou local citizens
but also to the farmers of other
regions. |
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