Question 1

What is Hüttenberger Bank?

Accepted Answer

Hüttenberger Bank is a cooperative bank (Genossenschaftsbank) owned by its members through shares. The bank is a small regional institution focused on serving the local community of Hüttenberg and surrounding areas in Hessen, Germany.

As of 2024, the bank manages total assets of approximately 47.26 million EUR. It serves around 630 members and employs 11 staff members, operating through a single branch location. The bank specializes in providing retail and business banking services with a strong emphasis on customer relationships and supporting small and medium-sized enterprises (SMEs) in its region.

Question 2

When was Hüttenberger Bank founded?

Accepted Answer

[Information not publicly available]

Question 3

Where is Hüttenberger Bank headquartered?

Accepted Answer

Hüttenberger Bank is headquartered at Hauptstraße 114 in Hüttenberg, Hessen, Germany. The town of Hüttenberg is located in the central Hessen region.

Question 4

Where does Hüttenberger Bank operate?

Accepted Answer

Hüttenberger Bank operates in the Hüttenberg area of Hessen, serving the local community and surrounding municipalities. The bank maintains one main branch office (Geschäftsstelle) in Hüttenberg, along with one ATM location.

As a community-focused cooperative bank, its operations are concentrated in its local market area, where it has deep roots and personal relationships with customers.

Question 5

What services does Hüttenberger Bank offer?

Accepted Answer

Hüttenberger Bank provides comprehensive banking services across three main areas: retail banking, business banking, and insurance products.

Retail Banking: The bank offers current accounts, debit cards, credit cards, savings accounts, time deposit accounts, pension plans, consumer loans, car loans, and mortgage loans.

Business Banking: Services include business accounts (Geschäftskonto), business loans (Betriebsmittelkredit), commercial real estate financing, and support for SMEs.

Digital Services: Customers can access their accounts through online banking (OnlineBanking) at www.huettenberger-bank.de, a mobile banking app (VR Banking App), and a call center. The bank offers the VR SecureGo plus app for transaction authorization using appTAN procedures. Digital features include real-time transfers, standing orders, digital account statements, and mobile phone top-ups.

Insurance: Through partnerships with R+V and Allianz, the bank offers private liability insurance, professional liability insurance, and company insurance products.

Question 6

What makes Hüttenberger Bank unique?

Accepted Answer

Cooperative Structure: As a member-owned cooperative (eingetragene Genossenschaft), customers can become shareholders and participate in governance through the annual general assembly (Generalversammlung). Members benefit from the cooperative principle of "mitwissen, mitbestimmen, mitverdienen" (co-knowing, co-deciding, co-earning).

Community Commitment: The bank donates approximately 6,000 EUR annually to local causes, demonstrating its dedication to regional development and social responsibility.

Strong Credit Rating: Despite its small size, Hüttenberger Bank has earned an AA- rating from Fitch, indicating very high credit quality and financial stability.

Genossenschaftliche FinanzGruppe: As part of the Volksbanken Raiffeisenbanken cooperative banking network, customers benefit from the resources and product offerings of one of Germany's largest financial groups while maintaining local, personal service.

Enhanced Deposit Protection: Beyond the statutory 100,000 EUR deposit guarantee, the bank participates in the BVR Institutssicherung GmbH (BVR institutional protection scheme), providing additional safeguards for customer deposits.

Question 7

What type of financial institution is Hüttenberger Bank?

Accepted Answer

Hüttenberger Bank is a Genossenschaftsbank (cooperative bank), specifically an eingetragene Genossenschaft (eG), which is a registered cooperative under German law. This institutional type is deeply rooted in German banking tradition and emphasizes member ownership, democratic governance, and community focus.

The bank is regulated by BaFin (Bundesanstalt für Finanzdienstleistungsaufsicht), Germany's federal financial supervisory authority, and is registered in the cooperative register (Genossenschaftsregister) of Wetzlar under number 214. Its auditing association is the Genoverband e.V., based in Frankfurt am Main, which oversees compliance with cooperative principles under § 54 GenG (German Cooperative Societies Act).

As a credit institution (CRDCREINS) under European Banking Authority classification, it is authorized to conduct full banking operations and has been registered with the EBA since December 4, 2013.

Question 8

What are the governance structures at Hüttenberger Bank?

Accepted Answer

The bank operates through three main governing bodies typical of German cooperative banks:

Vorstand (Board of Management): Consists of two members, Heico Czech and Christoph Mack, who manage day-to-day operations and represent the bank externally.

Aufsichtsrat (Supervisory Board): Chaired by Alexander Dürl, this board is elected by the general assembly and oversees the management's activities, reviews annual accounts, and reports to members.

Generalversammlung (General Assembly): This is the central decision-making body where all members can participate. It approves annual accounts, decides on profit distribution, elects the supervisory board, and grants discharge to management and supervisory board members.

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