Question 1

What is Bank Spółdzielczy w Szydłowie?

Accepted Answer

Bank Spółdzielczy w Szydłowie is a cooperative credit institution (bank spółdzielczy) based in the historic town of Szydłów, Poland. As part of Poland's extensive cooperative banking network, this local institution serves the financial needs of individuals, small businesses, and agricultural communities in the Świętokrzyskie Voivodeship region.

Cooperative banks in Poland are member-owned financial institutions that operate on the principle of mutual assistance and local community support. Bank Spółdzielczy w Szydłowie focuses on providing accessible banking services to residents and enterprises in Szydłów and surrounding areas.

Question 2

When was Bank Spółdzielczy w Szydłowie founded?

Accepted Answer

Specific founding date information for Bank Spółdzielczy w Szydłowie is not publicly available. However, the institution was authorized by Polish financial authorities on November 29, 2019, according to European Banking Authority records.

Poland's cooperative banking movement has deep historical roots dating back to the 19th century. The first cooperative banks emerged in the 1850s-1860s during the partition period, with Raiffeisen-style credit unions developing dynamically especially after 1904 legislation. The modern framework for Polish cooperative banks was established through the Cooperative Law enacted in 1920, which provided a unified structure following Poland's reunification after World War I.

Question 3

Where is Bank Spółdzielczy w Szydłowie headquartered?

Accepted Answer

The bank is headquartered in Szydłów, a small historic town in the Świętokrzyskie Voivodeship in south-central Poland. Szydłów is located in Staszów County, approximately 43 kilometers southeast of the regional capital Kielce.

Szydłów is a town with medieval origins, having received city rights on July 1, 1329, from King Władysław I Łokietek. The town is known for its well-preserved 14th-century defensive walls and historical significance as a former royal town of the Kingdom of Poland.

Question 4

Where does Bank Spółdzielczy w Szydłowie operate?

Accepted Answer

Bank Spółdzielczy w Szydłowie primarily operates in and around Szydłów and the surrounding rural gmina (administrative district) in Staszów County. The bank serves the local community within the Świętokrzyskie Voivodeship region.

Gmina Szydłów covers approximately 107.90 square kilometers and includes villages such as Brzeziny, Gacki, Grabki Duże, Jabłonica, Korytnica, Kotuszów, and others. As of 2010, the gmina had a population of approximately 4,800 residents. The bank's service area reflects the traditional model of Polish cooperative banks focused on supporting local agricultural and small-town economies.

Question 5

What services does Bank Spółdzielczy w Szydłowie offer?

Accepted Answer

As a cooperative credit institution, Bank Spółdzielczy w Szydłowie offers traditional retail banking services tailored to individual customers and small businesses in the local community. Typical services at Polish cooperative banks include:

Personal Banking: Current accounts, savings accounts, term deposits, and payment cards for individual customers.

Lending Services: Consumer loans, agricultural loans, and financing for small local businesses and farms.

Payment Services: Domestic transfers, bill payments, and basic transaction processing.

Deposit Protection: All eligible deposits are protected by Poland's Bank Guarantee Fund (BFG) up to the equivalent of EUR 100,000 per depositor, in accordance with the EU-wide deposit guarantee scheme.

The extent of digital banking services specific to this institution is not publicly documented. The bank does not appear to have a public website, which is not uncommon for smaller cooperative banks serving very localized rural communities.

Question 6

What makes Bank Spółdzielczy w Szydłowie unique?

Accepted Answer

Bank Spółdzielczy w Szydłowie is distinguished by its commitment to serving one of Poland's most historically significant small towns. Szydłów, often called "the Polish Carcassonne" for its medieval fortifications, has a rich heritage dating back to the 14th century.

The bank operates in a community deeply rooted in tradition. The town was an important craft and trade center in medieval times, known for cloth production and positioned on the Vistula merchant road. Today, the gmina remains largely agricultural, with the bank playing a vital role in supporting the local rural economy.

As a cooperative institution, the bank is member-owned and operates on principles of mutual support rather than profit maximization. This structure allows it to maintain a presence in a small-town market that might not be commercially attractive to larger commercial banks, ensuring financial services accessibility for the local population.

Question 7

What type of financial institution is Bank Spółdzielczy w Szydłowie?

Accepted Answer

Bank Spółdzielczy w Szydłowie is classified as a cooperative credit institution (instytucja kredytowa spółdzielcza) under Polish and European banking regulations. In the European Banking Authority (EBA) classification system, it is designated as CRDCREINS (Credit Institution under the Capital Requirements Directive).

Cooperative banks (banki spółdzielcze) are a distinct category of financial institution in Poland, characterized by member ownership and democratic governance. Members typically include local residents, farmers, small business owners, and community organizations.

Unlike commercial banks focused on shareholder returns, cooperative banks prioritize serving their members and local communities. They are supervised by the Polish Financial Supervision Authority (PFSA - Komisja Nadzoru Finansowego) and participate in Poland's deposit guarantee system administered by the Bank Guarantee Fund (BFG). Polish cooperative banks often collaborate through umbrella organizations and central financing entities, historically connected to networks like Bank Polskiej Spółdzielczości (BPS Bank), which provides technological infrastructure and support services to member cooperative banks.

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About Bank Spółdzielczy w Szydłowie in Poland

Bank Spółdz­ielczy w Szydłowie