Question 1

What is Vereinigte Volksbank Hude?

Accepted Answer

Vereinigte Volksbank Hude is a German cooperative bank (Genossenschaftsbank) headquartered in Hude, Lower Saxony, in the Oldenburg district. As a cooperative institution owned by its members through shares, it operates as a regional credit institution serving the northern and eastern parts of Landkreis Oldenburg.

The bank provides universal banking services to retail customers, small and medium-sized enterprises (SMEs), and commercial clients throughout its operating region. With total assets of approximately 873 million EUR as of 2023, it ranks as the 752nd largest bank in Germany with a 0.01% market share.

Question 2

When was Vereinigte Volksbank Hude founded?

Accepted Answer

The bank's history dates back to October 8, 1899, when the original Raiffeisen Bank was founded in Ganderkesee. The institution has evolved through a series of strategic mergers to better serve its regional communities.

In 1998, Raiffeisen-Bank Ganderkesee e.G. merged with Volksbank Hude eG to form Volksbank Ganderkesee-Hude eG. The most recent transformation occurred on January 1, 2016, when Volksbank Ganderkesee-Hude eG merged with Volksbank Bookholzberg-Lemwerder e.G., creating the current entity with its comprehensive name reflecting the four main communities it serves: Ganderkesee, Hude, Bookholzberg, and Lemwerder.

Question 3

Where is Vereinigte Volksbank Hude headquartered?

Accepted Answer

The bank's legal headquarters (Hauptstelle) is located in Hude (Oldenburg), Lower Saxony, Germany. The main office address is Auf der Nordheide 1, 27798 Hude.

Hude is a municipality in the Oldenburg district of Lower Saxony, positioned strategically to serve the surrounding communities in the northwestern German region.

Question 4

Where does Vereinigte Volksbank Hude operate?

Accepted Answer

The bank's business territory covers the northern and eastern areas of Landkreis Oldenburg, including portions of the cities of Delmenhorst and Oldenburg, as well as the southeastern part of Landkreis Wesermarsch.

The bank maintains six branch locations throughout its service area:
• Hude (Oldenburg) - Main headquarters
• Ganderkesee - Business office (Ring 20)
• Bookholzberg - Business office (Stedinger Str. 53)
• Lemwerder - Business office
• Delmenhorst - Business office
• Wüsting - Business office

Question 5

What services does Vereinigte Volksbank Hude offer?

Accepted Answer

Vereinigte Volksbank Hude operates as a universal bank, offering comprehensive financial services including:

Retail Banking: Current accounts, savings accounts, time deposit accounts, debit cards, credit cards, and pension plans.

Lending Services: Consumer loans, car loans, mortgage loans, and construction financing with specialized modernization advisory services.

Business Banking: Commercial banking services with dedicated advisors for corporate clients, including certified agricultural finance consulting for the region's farming community.

Investment Services: Trading accounts, brokerage services, and wealth management through partnerships with Union Investment.

Insurance Products: Comprehensive insurance solutions through partnerships with R+V Versicherung.

Digital Banking: Online banking platforms, mobile banking apps (VR Banking App), and electronic banking services with VR SecureGo plus authentication for secure transactions.

Additional Services: Building society savings through Bausparkasse Schwäbisch Hall, and payment card services including electronic banking solutions.

Question 6

What makes Vereinigte Volksbank Hude unique?

Accepted Answer

As a cooperative bank, Vereinigte Volksbank Hude is owned by its members rather than external shareholders, allowing it to prioritize local customer needs and community development. This member-ownership structure aligns with the cooperative banking principles of democratic governance through member voting rights.

The bank maintains strong local roots spanning over 125 years, demonstrating deep commitment to the regional economy. Its name explicitly reflects the four communities it serves, emphasizing its dedication to local presence.

Specialized agricultural expertise sets it apart, with certified agricultural finance advisors (zertifizierte Agrarfinanzberater) serving the farming communities in the Lower Saxony region. This specialization addresses the unique financial needs of agricultural enterprises.

The bank operates through the Bundesverband der Deutschen Volksbanken und Raiffeisenbanken (BVR) cooperative network, providing access to specialized financial partners including DZ Bank, Münchener Hypothekenbank eG, TeamBank, and DZ Hyp. It also maintains a 100% stake in Geno Immobilien GmbH, offering integrated real estate services.

Question 7

What type of financial institution is Vereinigte Volksbank Hude?

Accepted Answer

Vereinigte Volksbank Hude is a Genossenschaftsbank (Cooperative Bank), a specific type of credit institution recognized under German banking law. It is registered in the cooperative register (Genossenschaftsregister) at the Oldenburg District Court under registration number GnR 535.

As a cooperative credit institution (CRDCREINS), it operates under the German Cooperative Act (Genossenschaftsgesetz) and is governed by statutes approved by its representative assembly. The bank's organizational structure includes a management board (Vorstand), supervisory board (Aufsichtsrat), and representative assembly (Vertreterversammlung).

The institution is supervised by BaFin (Bundesanstalt für Finanzdienstleistungsaufsicht), Germany's federal financial supervisory authority, and participates in the BVR-ISG deposit guarantee scheme, protecting customer deposits up to 100,000 EUR per depositor. It is also part of the additional voluntary protection scheme of the Federal Association of German Cooperative Banks.

Question 8

How does Vereinigte Volksbank Hude protect customer deposits?

Accepted Answer

Vereinigte Volksbank Hude participates in Germany's comprehensive deposit protection system specifically designed for cooperative banks. Customer deposits are protected up to 100,000 EUR per depositor through the BVR Institutssicherung GmbH (BVR-ISG), the officially recognized protection scheme of the Federal Association of German Cooperative Banks.

Beyond the statutory minimum, the bank is also a member of the additional voluntary protection scheme operated by the Bundesverband der Deutschen Volksbanken und Raiffeisenbanken e.V. This dual-layer protection system reflects the cooperative banking sector's institutional protection approach, which focuses on preventing bank failures rather than simply compensating depositors after a failure occurs.

This institutional protection has historically meant that no cooperative bank customer in Germany has lost deposits, as the system works preventively to maintain the stability of member institutions.

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