Question 1

What is Genossenschaftsbank München?

Accepted Answer

Genossenschaftsbank München is a German cooperative bank headquartered in the Aubing district of Munich, Bavaria. Operating as a member-owned financial institution, it serves customers in the western districts of Munich with a focus on personal relationships and community engagement.

As part of the Volksbanken Raiffeisenbanken cooperative banking network, the bank provides comprehensive universal banking services while maintaining its local identity and independence.

Question 2

When was Genossenschaftsbank München founded?

Accepted Answer

Genossenschaftsbank München was founded on March 23, 1920, under the name "Darlehenskassenverein Aubing und Umgebung" (Loan Fund Association Aubing and Surroundings) as a registered cooperative.

The bank underwent several name changes throughout its history: in 1935 it became "Spar- und Darlehenskasse Aubing und Umgebung eGmuH" (Savings and Loan Fund Aubing and Surroundings), then "Raiffeisenbank München-Aubing eingetragene Genossenschaft mit beschränkter Haftpflicht," and in 1971 "Raiffeisenbank München-Aubing eG."

From 1994 to 1995, it operated as "Genossenschaftsbank München eG Raiffeisenbank." On August 7, 1995, the bank adopted its current name, Genossenschaftsbank eG München. Throughout over a century of service, the bank has maintained its independence and cooperative structure.

The bank received its authorization under current regulations on May 4, 2015.

Question 3

Where is Genossenschaftsbank München headquartered?

Accepted Answer

Genossenschaftsbank München is headquartered in Munich-Aubing (Aubing district), Bavaria. The main office is located at Bergsonstraße 184, 81245 München.

Question 4

Where does Genossenschaftsbank München operate?

Accepted Answer

Genossenschaftsbank München operates in the western districts of Munich, serving these neighborhoods through multiple branch locations:

Aubing: Main office and one self-service branch

Laim: Full-service branch

Neuaubing: Full-service branch

Obermenzing: Full-service branch

Pipping: Full-service branch

Pasing: Full-service branch

This geographic focus allows the bank to serve western Munich comprehensively while maintaining the personal touch of a community bank. Other cooperative banks serving adjacent Munich areas include Raiffeisenbank München-Süd eG and Münchner Bank eG.

Question 5

What services does Genossenschaftsbank München offer?

Accepted Answer

Genossenschaftsbank München provides comprehensive universal banking services:

Personal Banking: Current accounts including the Privatkonto 5000plus (from €0.00/month with customizable features), payment services, and debit/credit cards from Mastercard.

Savings & Investment: Savings accounts (Anlage-Sparbuch with fixed interest and terms), fixed deposits (Festgeld and Firmentagesgeld), securities trading through online brokerage, and investment funds.

Financing: Consumer loans, mortgage financing, corporate loans, leasing solutions (VR Leasing), and specialized financing through DZ Hyp and Münchener Hypothekenbank.

Business Banking: Business accounts (Geschäftskontos), corporate credit cards, money market accounts, payment solutions, international payment services, and consulting services.

Insurance Products: Comprehensive insurance solutions through R+V Versicherung for private and business customers.

Digital Banking: VR Banking App, online banking (OnlineBanking) for both personal and business use, and modern digital transaction capabilities.

The bank operates within the cooperative FinanzGruppe network, partnering with DZ Bank, Union Investment, Bausparkasse Schwäbisch Hall, and TeamBank.

Question 6

What makes Genossenschaftsbank München unique?

Accepted Answer

Genossenschaftsbank München combines the advantages of cooperative banking—member ownership, profit-sharing, and democratic governance—with over a century of experience serving Munich's western districts. The bank's motto "Meine Bank gehört mir" (My bank belongs to me) reflects its cooperative principle where customers are co-owners.

The bank is a member of the Munich Stock Exchange (Börse München), providing customers with direct access to securities trading capabilities uncommon for a regional cooperative bank. This membership demonstrates the bank's sophistication despite its community focus.

Operating in Munich, one of Germany's wealthiest cities, the bank serves a prosperous clientele while maintaining the accessibility and personal service of a local institution. Its concentration in western Munich districts creates deep neighborhood knowledge and multi-generational customer relationships.

The bank's transformation from a simple rural credit association in Aubing (then a village) into a modern universal bank serving urban Munich neighborhoods illustrates successful adaptation while preserving cooperative values.

Question 7

What type of financial institution is Genossenschaftsbank München?

Accepted Answer

Genossenschaftsbank eG München is a Genossenschaftsbank (cooperative bank) operating as an eingetragene Genossenschaft (registered cooperative). It is registered in the cooperative register (Genossenschaftsregister) at Amtsgericht München under GnR 727.

As a Universalbank (universal bank), it provides the complete spectrum of banking services to retail, business, and corporate customers. The bank is supervised by BaFin (Bundesanstalt für Finanzdienstleistungsaufsicht) and belongs to the protective schemes of the Bundesverband der Deutschen Volksbanken und Raiffeisenbanken (BVR).

Deposits are protected through both the statutory deposit guarantee (up to €100,000) and the additional voluntary protection scheme of the BVR, which covers deposits beyond the statutory minimum. The cooperative structure ensures democratic governance, with each member having equal voting rights regardless of shareholding size.

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