Question 1

What is Raiffeisenbank Oberteuringen-Meckenbeuren?

Accepted Answer

Raiffeisenbank Oberteuringen-Meckenbeuren eG is a cooperative credit institution (Genossenschaftsbank) headquartered in Oberteuringen, Germany, serving the Bodensee (Lake Constance) region. As of 2022, the bank manages a balance sheet total of approximately €375 million, with customer deposits of €298 million and customer loans of €264 million.

With over 6,100 members and 45 employees, the bank operates as a cooperative, meaning customers can become members with ownership stakes and voting rights. The institution is part of the German Volksbanken Raiffeisenbanken cooperative banking network.

Question 2

When was Raiffeisenbank Oberteuringen-Meckenbeuren founded?

Accepted Answer

The current Raiffeisenbank Oberteuringen-Meckenbeuren eG was formed in 2018 through the merger of two historic cooperative banks. The Genossenschaftsbank Oberteuringen was originally founded on January 30, 1921, and was later renamed Raiffeisenbank Oberteuringen eGmbH on April 22, 1969.

The Genossenschaftsbank Meckenbeuren was established in 1923, with its statute created on June 2, 1923. Prior to the 2018 merger, Raiffeisenbank Oberteuringen eG had already merged with Raiffeisenbank Taldorf eG in 1999, which was based in Taldorf.

Question 3

Where is Raiffeisenbank Oberteuringen-Meckenbeuren headquartered?

Accepted Answer

The bank's headquarters and legal seat are located at Raiffeisenstraße 2, 88094 Oberteuringen, in the state of Baden-Württemberg, Germany. Oberteuringen is situated in the Bodenseekreis (Lake Constance district) near Lake Constance in southern Germany.

Question 4

Where does Raiffeisenbank Oberteuringen-Meckenbeuren operate?

Accepted Answer

Raiffeisenbank Oberteuringen-Meckenbeuren operates in the center of the Bodenseekreis and the southern part of the Landkreis Ravensburg. The bank maintains three full-service branches and one self-service location:
• Oberteuringen (headquarters and main branch)
• Meckenbeuren (full-service branch)
• Oberzell (full-service branch)
• Bavendorf (self-service branch with ATM)

Question 5

What services does Raiffeisenbank Oberteuringen-Meckenbeuren offer?

Accepted Answer

As a universal bank (Universalbank), Raiffeisenbank Oberteuringen-Meckenbeuren offers comprehensive banking services for both retail and business customers, including:

Retail Banking: Current accounts (Girokonten), savings accounts, time deposits, and tagesgeld (daily money accounts).

Lending Services: Personal loans, home mortgages, and consumer financing through easyCredit.

Investment Services: Fund savings plans (starting from €25 monthly), securities accounts, and investment advisory through Union Investment partnership.

Insurance Services: Comprehensive insurance products through R+V Versicherung partnership.

Building Finance: Building society savings through Bausparkasse Schwäbisch Hall.

Digital Services: VR Banking App for mobile banking, online banking platform, Wero instant payment service, digital cards for contactless payments, photo transfers, and online account opening.

Business Banking: Corporate accounts, business credit cards, business loans, and cash management services.

Additional Services: Gold and silver trading, prepaid mobile top-ups, and Gewinnsparen (savings lottery program supporting local community projects).

Question 6

What makes Raiffeisenbank Oberteuringen-Meckenbeuren unique?

Accepted Answer

Cooperative Structure: As a registered cooperative (eingetragene Genossenschaft), customers can become members with ownership rights and receive dividend distributions from profits. The bank has over 6,100 members who collectively own and govern the institution through democratic voting rights.

Community Focus: The bank demonstrates strong commitment to regional development and local community support through its Gewinnsparen program, which directs funds to local charitable causes and organizations.

Customer Testimonials: The bank has received notable recognition for its service quality, particularly from dynamic and tech-focused business clients who appreciate faster decision-making, direct communication, and understanding of digitalization compared to larger institutions.

Regional Expertise: With over a century of combined history from its predecessor institutions, the bank possesses deep knowledge of the Lake Constance region's economic landscape and maintains strong relationships with local businesses and residents.

Comprehensive Protection: Members benefit from dual deposit protection through both the official deposit guarantee scheme of the Federal Association of German Volksbanken and Raiffeisenbanken (BVR-ISG) and an additional voluntary protection scheme.

Question 7

What type of financial institution is Raiffeisenbank Oberteuringen-Meckenbeuren?

Accepted Answer

Raiffeisenbank Oberteuringen-Meckenbeuren is a Genossenschaftsbank (cooperative bank), which is a specific type of credit institution under German banking law. The bank is registered as an eingetragene Genossenschaft (eG), meaning a registered cooperative, in the cooperative register (Genossenschaftsregister) at the Amtsgericht Freiburg under registration number GnR 580065.

As a cooperative bank, it operates under the principles established by Friedrich Wilhelm Raiffeisen, the 19th-century German cooperative pioneer. The institution is governed by cooperative law (Genossenschaftsgesetz) and its own statutes approved by the general assembly.

Its organizational structure includes three governing bodies: the executive board (Vorstand), supervisory board (Aufsichtsrat), and general assembly (Generalversammlung) of members. The bank is a member of the Baden-Württembergischer Genossenschaftsverband e.V. (Baden-Württemberg Cooperative Association) and operates within the Volksbanken Raiffeisenbanken cooperative financial network.

Question 8

What cooperative network partnerships does Raiffeisenbank Oberteuringen-Meckenbeuren maintain?

Accepted Answer

As part of the Volksbanken Raiffeisenbanken cooperative financial group, Raiffeisenbank Oberteuringen-Meckenbeuren collaborates with several specialized partner institutions to provide comprehensive financial services:
• DZ Bank (central institution for cooperative banks)
• R+V Versicherung (insurance services)
• Bausparkasse Schwäbisch Hall (building society savings)
• Teambank (consumer financing)
• VR Leasing (leasing services)
• Münchener Hypothekenbank (mortgage banking)
• DZ Hyp (real estate financing)
• Union Investment (investment funds)

This cooperative network structure allows the relatively small regional bank to offer products and services comparable to much larger financial institutions while maintaining its local character and decision-making autonomy.

Raiffeisenbank Oberteuringen-Meckenbeuren

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About Raiffeisenbank Oberteuringen-Meckenbeuren in Germany

Raiffe­isenba­nk Oberte­uringe­n-Meck­enbeur­en