Question 1

What is Volksbank Gebhardshain?

Accepted Answer

Volksbank Gebhardshain is a mixed-economy cooperative bank (gemischtwirtschaftliche Genossenschaftsbank) owned by its members via shares, headquartered in Gebhardshain, Rhineland-Palatinate, Germany. The bank operates as a universal bank, providing retail and business banking services with a focus on individuals, small and medium-sized enterprises (SMEs), and local economic development in the Westerwald region.

As of 2023, Volksbank Gebhardshain held total assets of approximately 216.89 million EUR, ranking as the 1060th largest bank in Germany and the 585th largest cooperative bank. The bank serves approximately 2,824 members, employs 34 staff members, and operates 2 branch locations with 3 ATMs.

Question 2

When was Volksbank Gebhardshain founded?

Accepted Answer

The origins of Volksbank Gebhardshain trace back to January 8, 1888, when the Gebhardshainer Darlehenskassen-Verein (Loan Association) was founded in Kotzenroth (now Rosenheim), a village in the Gebhardshain district. This occurred during the year of Friedrich Wilhelm Raiffeisen's death, despite the area's proximity to his activities.

An earlier attempt to establish a loan association on March 10, 1869, was dissolved in 1871. The current institution's namesake was founded on March 25, 1917, as a Spar- und Darlehenskasse (Savings and Loan Association).

The modern bank emerged through mergers, including with Raiffeisenbank Nauroth-Elkenroth in 1971 (effective date of merger contract: February 3, 1971) and Raiffeisenkasse Rosenheim in 1969 (merger contract dated September 16, 1969). The bank received its current name on November 18, 1978.

Question 3

Where is Volksbank Gebhardshain headquartered?

Accepted Answer

Volksbank Gebhardshain is headquartered in Gebhardshain, a municipality in the Altenkirchen district of Rhineland-Palatinate, Germany. The bank is registered in the cooperative register at the Amtsgericht Montabaur under registration number GnR 273.

Question 4

Where does Volksbank Gebhardshain operate?

Accepted Answer

Volksbank Gebhardshain operates in the middle-southern part of the Altenkirchen district in the Westerwald region of Rhineland-Palatinate. The bank's service area is essentially limited to the former parish (Kirchspiel) and administrative community (Verbandsgemeinde) of Gebhardshain.

The bank maintains two branch locations: its headquarters in Gebhardshain and a business office in Elkenroth. Additionally, the bank operates a Raiffeisenmarkt (agricultural supply store) in Gebhardshain, reflecting its rural cooperative banking heritage.

Question 5

What services does Volksbank Gebhardshain offer?

Accepted Answer

Volksbank Gebhardshain offers comprehensive universal banking services for retail and business customers. Retail products include current accounts (GIRO Online starting at 2.90 EUR per month), debit cards, credit cards, savings accounts, time deposit accounts (Festgeld), demand deposit accounts (Tagesgeld), pension plans, consumer loans, car loans, and mortgage loans.

Business customers can access business accounts, corporate credit cards, payment acceptance solutions, international payment services, trade credit insurance (Kautionsversicherung), and professional liability insurance. In 2023, the bank's loans to customers grew by 7.43% to reach 183.1 million EUR.

Digital banking services include online banking platforms, the VR-Banking mobile app with various authentication methods, and call center support. Through the cooperative banking network, customers access products from partners including R+V Versicherung, Bausparkasse Schwäbisch Hall, Teambank (easyCredit), VR Leasing, DZ Hyp, and Union Investment.

Question 6

What makes Volksbank Gebhardshain unique?

Accepted Answer

Volksbank Gebhardshain operates as a member-owned cooperative under principles of solidarity, fairness, partnership, and personal service. Members have ownership stakes and democratic voting rights in the bank's governance through the General Assembly (Generalversammlung), which elects the Supervisory Board (Aufsichtsrat) to oversee management.

The bank demonstrates strong regional commitment by contributing approximately 35,282 EUR annually in donations to local initiatives. Its unusual characteristic as a "mixed-economy" cooperative bank reflects its dual heritage combining traditional Raiffeisen agricultural cooperative banking with urban savings bank functions.

With a Fitch credit rating of AA- (very high credit quality) and membership in the BVR Institutssicherung GmbH, the bank provides enhanced depositor protection. The bank also maintains its agricultural roots by operating a Raiffeisenmarkt retail store alongside traditional banking services.

Question 7

What type of financial institution is Volksbank Gebhardshain?

Accepted Answer

Volksbank Gebhardshain is a gemischtwirtschaftliche Genossenschaftsbank (mixed-economy cooperative bank), a member-owned credit institution combining characteristics of both traditional Raiffeisen agricultural cooperatives and urban savings institutions. This structure is specific to German cooperative banking.

The bank is governed by the German Cooperative Act (Genossenschaftsgesetz) and operates with a management board (Vorstand), supervisory board (Aufsichtsrat), and general assembly (Generalversammlung). It is registered as a credit institution (CRDCREINS) with the European Banking Authority and is supervised by BaFin. The bank operates within the German cooperative banking network as a member of DZ Bank AG.

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About Volksbank Gebhardshain in Germany

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