Question 1

What is Raiffeisenbank Erlenbach?

Accepted Answer

Raiffeisenbank Erlenbach is a cooperative bank (Genossenschaftsbank) serving the Erlenbach area in Landkreis Heilbronn, Baden-Württemberg, Germany. As an independently operated member-owned institution, it provides retail and business banking services to approximately 2,400 members in the community north of Heilbronn.

With total assets of approximately €103 million (2022), the bank maintains a single branch location but offers comprehensive banking services supported by 16 employees. The institution has preserved its independence since its founding in 1897, making it one of the few small cooperative banks in the region that has not merged with larger institutions.

Question 2

When was Raiffeisenbank Erlenbach founded?

Accepted Answer

Raiffeisenbank Erlenbach was founded on May 25, 1897, during the height of the cooperative banking movement in Germany. Over 127 years later, the bank continues to serve its community under its original charter, having successfully maintained its independence through multiple waves of banking consolidation.

The bank's founding reflected the broader Raiffeisen movement established by Friedrich Wilhelm Raiffeisen, who created the first cooperative bank in Germany in 1862 to provide farmers and rural residents with access to affordable credit and protection from usurious lending practices.

Question 3

Where is Raiffeisenbank Erlenbach headquartered?

Accepted Answer

The bank is headquartered at Friedenstraße 2 in 74235 Erlenbach, Landkreis Heilbronn, Baden-Württemberg, Germany. Erlenbach is located approximately 15 kilometers north of the city of Heilbronn.

Question 4

Where does Raiffeisenbank Erlenbach operate?

Accepted Answer

Raiffeisenbank Erlenbach operates exclusively in Erlenbach and its immediate vicinity within Landkreis Heilbronn, Baden-Württemberg. The bank maintains a single branch office at its headquarters location, focusing on deep community engagement rather than geographic expansion.

This hyper-local approach allows the bank to maintain intimate knowledge of local economic conditions, businesses, and individual customer circumstances. The bank serves the residential population, local merchants, craftsmen, and small businesses in Erlenbach and surrounding communities.

Question 5

What services does Raiffeisenbank Erlenbach offer?

Accepted Answer

Raiffeisenbank Erlenbach provides universal banking services across retail and commercial segments:

Retail Banking:
• Current accounts (Girokonten) with various service levels
• Savings accounts and time deposits
• Debit cards (BankCard) and Mastercard credit cards
• Consumer loans and auto financing
• Residential mortgage lending

Investment and Wealth Management:
• Securities trading through online brokerage platform
• Investment funds via Union Investment
• Retirement planning and pension products
• Wealth management for private clients

Business Banking:
• Business current accounts
• Commercial lending and lines of credit
• Cash management and payment services
• Leasing arrangements via VR Leasing

Insurance Services:
• Life, property, and liability insurance through R+V Versicherung
• Business insurance solutions

Real Estate Services:
• Mortgage financing via DZ Hyp
• Home savings plans through Bausparkasse Schwäbisch Hall

Digital Banking:
• Online banking platform
• VR Banking mobile app for iOS and Android
• 24/7 account access and digital payment services
• Two ATMs providing round-the-clock cash access

The bank maintains operating hours Monday through Friday with extended hours on Tuesday and Thursday evenings to accommodate working customers.

Question 6

What makes Raiffeisenbank Erlenbach unique?

Accepted Answer

Sustained Independence: Unlike many small German cooperative banks that merged during consolidation waves, Raiffeisenbank Erlenbach has maintained its independence for over 127 years, preserving local decision-making and community focus.

Single-Branch Model: Operating from one location allows the bank to concentrate resources on service quality, relationship banking, and community engagement rather than branch network management.

High Member Density: With 2,400 members serving a small community, the bank enjoys strong local ownership and engagement, ensuring alignment between institutional objectives and community interests.

Personalized Service: The bank's 16 employees develop long-term relationships with customers, providing continuity and personalized financial advice unavailable at larger institutions.

Cooperative Member Benefits: The bank offers a member benefits booklet (Mitgliederscheckheft) providing discounts and special offers on travel, events, wine tastings, and local services, strengthening community ties.

Enhanced Deposit Protection: Depositors benefit from dual protection through BVR Institutssicherung GmbH and the voluntary Sicherungseinrichtung of the Bundesverband der Deutschen Volksbanken und Raiffeisenbanken e.V., exceeding statutory minimums.

Digital-Physical Integration: Despite its small size, the bank offers modern digital banking through the VR Banking app while maintaining personal service through its branch.

Question 7

What type of financial institution is Raiffeisenbank Erlenbach?

Accepted Answer

Raiffeisenbank Erlenbach is classified as a Genossenschaftsbank (cooperative bank) and Kreditinstitut (credit institution) under German banking law. The bank operates as an eingetragene Genossenschaft (eG), a registered cooperative under the German Cooperative Act (Genossenschaftsgesetz).

The bank is registered in the Genossenschaftsregister at Amtsgericht Stuttgart under GnR 100164 and operates under supervision of the Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin), Germany's federal financial supervisory authority.

As a member of the DZ Bank cooperative banking network and affiliated with the Baden-Württembergischer Genossenschaftsverband e.V. (Baden-Württemberg Cooperative Association), the bank represents the traditional German cooperative banking model. It participates in the three-tier cooperative banking structure: local cooperative banks (Genossenschaftsbanken), regional cooperative banks, and DZ Bank as the central institution.

The Genossenschaftsbank model differs from commercial banks (Aktiengesellschaften) and public savings banks (Sparkassen) through its member-ownership structure, democratic governance (one member, one vote principle regardless of capital contribution), and primary obligation to serve member interests rather than maximize shareholder returns. Members participate in profit distribution, elect the Supervisory Board, and influence strategic direction through the General Assembly.

Question 8

What is the bank's governance structure?

Accepted Answer

Raiffeisenbank Erlenbach operates under a three-tier governance model mandated by German cooperative law:

Vorstand (Board of Management): Currently led by Andreas Domke (Chairman) and Florian Ruppel, the Vorstand manages daily operations, implements strategy, represents the bank externally, and executes policies approved by the Supervisory Board.

Aufsichtsrat (Supervisory Board): Chaired by Uwe Mosthaf, the Supervisory Board oversees the Board of Management, monitors business activities, reviews financial statements, and ensures compliance with legal requirements and cooperative bylaws. Supervisory Board members are elected by the General Assembly.

Generalversammlung (General Assembly): The supreme decision-making body comprising all 2,400 members. The General Assembly approves annual financial statements, elects Supervisory Board members, decides on profit distribution and dividend payments to members, and approves amendments to the bank's statutes. Each member has one vote regardless of shareholding size.

Raiffeisenbank Erlenbach

in Germany 🇩🇪

Crypto-Friendliness

All done!

About Raiffeisenbank Erlenbach in Germany

Raiffe­isenba­nk Erlenbach