Since 1930s, it had started to discuss the issue of corporate governance in American academic field. After the Asian financial crisis in 1997, Asian countries have called upon enterprises to attention the issue of corporate governance. From the perspective of corporate governance, a sound corporate governance system includes at least the disclosure of information, the assurance of equity, and the institution of operator's responsibility. The openness and transparency of information are very important in terms of democratic cooperatives. The establishment of a cooperative governance system has been a matter which brooks no delay. The purpose of this study is to explore how to apply the concept and framework of corporate governance to the governance of credit cooperatives. This study employs the documentary analysis to discuss the content of corporate governance and the operating status of credit cooperatives in Taiwan, as well as to analyze the difference between corporate governance and credit cooperative governance. Furthermore, some suggestions regarding the developmental directions of credit cooperative governance would be offered in this study.