Heilongjiang Rural Credit Union was founded voluntarily by 7 city-level cooperatives and 79 county-level cooperatives. Established in August 2005,Heilongjiang Rural Credit Union is a local financial institutionwith independent legal entity rights.
Authorized by the provincial government, Heilongjiang Rural Credit Union assume the management, guidance, coordination and service responsibilities of the rural credit cooperatives under the leadership of the government.
In June 2013, IPACS signed outsourcing contract with Heilongjiang Rural Credit Union.