Question 1

What is Raiffeisenbank Mittenwald?

Accepted Answer

Raiffeisenbank Mittenwald is a cooperative bank (Genossenschaftsbank) headquartered in the Bavarian market town of Mittenwald in the district of Garmisch-Partenkirchen, Germany. As an independent credit institution, the bank serves the local community with universal banking services. With approximately 1,860 members, 21 employees, and a balance sheet total of 131.7 million euros, it maintains its status as a small but regionally focused institution.

The bank operates as part of the cooperative banking network in Germany, maintaining partnerships with major financial service providers including DZ Bank, R+V Versicherung, Bausparkasse Schwäbisch Hall, Teambank, VR Leasing, DZ Hyp, and Union Investment.

Question 2

When was Raiffeisenbank Mittenwald founded?

Accepted Answer

Raiffeisenbank Mittenwald eG was founded on March 25, 1907. The bank has maintained its independence and local character for over a century, preserving its commitment to the cooperative banking principles established by its founders.

The institution is registered in the cooperative register (Genossenschaftsregister) at the Munich Local Court under registration number GnR 2085. Throughout its history, the bank has remained true to the cooperative motto: "What one cannot achieve alone, many can achieve together."

Question 3

Where is Raiffeisenbank Mittenwald headquartered?

Accepted Answer

The bank is headquartered in Mittenwald, Bavaria, Germany, with its main office located at Bahnhofstraße 15, 82481 Mittenwald.

Question 4

Where does Raiffeisenbank Mittenwald operate?

Accepted Answer

Raiffeisenbank Mittenwald operates in the southeastern part of the Garmisch-Partenkirchen district in Bavaria. The bank maintains one branch at its headquarters in Mittenwald and operates three ATMs to serve its customers.

Unlike larger regional banks, Raiffeisenbank Mittenwald focuses exclusively on its local market area and does not maintain additional branches beyond its main location.

Question 5

What services does Raiffeisenbank Mittenwald offer?

Accepted Answer

Raiffeisenbank Mittenwald operates as a universal bank (Universalbank), offering comprehensive financial services to both private and business customers. The bank's service portfolio includes:

Personal Banking: Current accounts (Girokontos) with various models, fixed-term deposits, savings products, consumer credit (easyCredit), debit and credit cards from Mastercard, and personal loans.

Business Banking: Business accounts, online banking tailored for commercial needs, international payment transactions, direct insurance for employee benefits, and investment credit for business assets such as machinery, vehicles, and real estate.

Investment Services: Online brokerage services for stock trading, investment products through Union Investment, and wealth management solutions.

Digital Banking: The bank provides modern digital services including the VR Banking App for mobile banking, online banking platforms accessible 24/7, real-time payment services through Wero, and the VR SecureGo plus app for secure transaction authorization. Customers can manage their accounts, execute transfers, set up standing orders, and access digital account statements from any device.

Insurance and Building Finance: Through partnerships with R+V Versicherung and Bausparkasse Schwäbisch Hall, the bank offers comprehensive insurance solutions and home savings plans.

Question 6

What makes Raiffeisenbank Mittenwald unique?

Accepted Answer

Raiffeisenbank Mittenwald distinguishes itself through its strong local commitment and cooperative ownership structure. As a member-owned institution with 1,860 members, the bank operates on the principle that members can participate, have a say, and share in profits.

The bank demonstrates exceptional regional engagement, donating approximately 14,450 euros annually to local causes and community initiatives. This commitment to the local area is reflected in its motto: "Gemeinsam stark für die Region" (Together strong for the region).

Despite its small size, the bank has maintained its independence for over 117 years, resisting consolidation trends in the German banking sector. It operates with a lean structure of just 21 employees and one branch, focusing on personalized service with the philosophy: "Solidarisch, fair, partnerschaftlich und persönlich" (Solidary, fair, collaborative, and personal).

The bank's deposit guarantee is secured through membership in both the officially recognized deposit guarantee scheme of the Federal Association of German Volksbanken and Raiffeisenbanken (BVR) and an additional voluntary protection scheme, providing enhanced security for customer deposits.

Question 7

What type of financial institution is Raiffeisenbank Mittenwald?

Accepted Answer

Raiffeisenbank Mittenwald is a Genossenschaftsbank (cooperative bank), specifically an eingetragene Genossenschaft (eG), which translates to a registered cooperative. In Germany, cooperative banks are a distinct category of credit institutions characterized by member ownership and democratic governance.

As a cooperative bank, it operates under the German Cooperative Act (Genossenschaftsgesetz), with organizational governance provided by the General Assembly (Generalversammlung), the Board of Directors (Vorstand), and the Supervisory Board (Aufsichtsrat). This structure ensures that members have voting rights and influence over the bank's strategic direction.

The bank is supervised by the German Federal Financial Supervisory Authority (BaFin) and is part of the Volksbanken Raiffeisenbanken cooperative banking group, which represents one of Germany's three pillars of banking alongside private commercial banks and public savings banks (Sparkassen).

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