Volksbank Kassel Göttingen

from Wikipedia, the free encyclopedia
Volksbank Kassel Göttingen eG
logo
Country GermanyGermany Germany
Seat Rudolf-Schwander-Strasse 1
34117 Kassel, Germany
legal form registered cooperative
Bank code 520 900 00
BIC GENO DE51 KS1
founding 1864
Association Cooperative Association - Association of Regions
Website www.volksbank-kassel-goettingen.de
Business data 2018
Total assets € 2,815 million
insoles € 2,364 million
Customer credit € 1,640 million
Employee 551
Offices 49
Members 56,601
management
Board Wolfgang Osse (Chairman)
Hans-Christian Reuss
Volker Stern
Supervisory board Carl Graf von Hardenberg (Chairman)
List of cooperative banks in Germany

The People's Bank Kassel Göttingen eG is a cooperative bank based in Kassel .

History of Volksbank Kassel Göttingen eG

Volksbank Kassel Göttingen eG was created through the merger of Kasseler Bank eG with Volksbank Göttingen eG in 2017. The entry in the cooperative register took place on October 12, 2017; the company merged retrospectively as of January 1, 2017.

History of the former Kasseler Bank eG

The history of the former Kasseler Bank eG begins on January 25, 1864 with the establishment of the Creditverein zu Cassel as an early forerunner of the later Volksbank Kassel eG. Under the chairmanship of the then businessman Louis Credé, 72 manufacturers and craftsmen came together to counteract the poor economic situation according to the self-help principle. Other well-known Kassel citizens such as the locomotive manufacturer Oscar Henschel, the merchant Louis Rosenzweig and the bookseller Georg Heinrich Wiegand were also among the founding members. The association started its business with 20,000 thalers of working capital. The development shows how quickly the principle of “helping people to help themselves” prevailed: just six months after the company was founded, the working capital increased by 150%. After 25 years, the 72 members had become 2,250 bank shareholders. In May 1923 the Creditverein zu Cassel was renamed to Kreditbank Cassel. Four years later, the outdated "C" in Kassel was replaced by a "K". In 1931 the Kassel credit bank merged with the commercial bank as the taking over cooperative. After the name was changed to “Volksbank Kassel” in March 1943, the Kasseler Beamtenbank became part of the Volksbank Kassel. In 1970 Volksbank Kassel eG merged with Waren-Kredit-Genossenschaft eG and Volksbank Bad Wildungen eG, in 1977 with Volksbank Wolfhagen eG, and in 1991 with Spar- und Kreditbank Bettenhausen and Volksbank Hofgeismar eG. In 1996, the merger with Raiffeisenbank Kurhessen resulted in Volks- und Raiffeisenbank Kassel eG, which was renamed Kasseler Bank eG one year later. The last merger of Kasseler Bank eG took place in August 2001 with Raiffeisenbank Hofgeismar eG.

  • Logos of the various Volksbanks and Raiffeisenbanks through the ages

  • Logo of the former Volksbank Kassel eG (1958)

  • Logo of the then Raiffeisenbank Kurhessen eG (1974)

  • Logo of the then Raiffeisenbank Hofgeismar, the last merger partner of Kasseler Bank eG

  • Logo of Volksbank and Raiffeisenbank Kassel eG, the forerunner of Kasseler Bank eG (1996)

  • Logo of the Kasseler Bank eG

History of the former Volksbank Göttingen eG

At the end of the 19th century, craftsmen and merchants met in Göttingen to discuss the establishment of their own cooperative bank. On November 14, 1896, six craftsmen formed the supervisory board and 14 members signed the founding protocol. Volksbank Göttingen started its business the following year. At the beginning it was called Göttinger Spar- und Kreditkasse eGmbH and started with only 103 members. The first financial year ended with a turnover of 413,317 marks. In 1922 the bank celebrated its 25th anniversary. This celebration was overshadowed by the chaotic financial conditions of the inflationary period. In November 1923 the Rentenmark was introduced. Then things went uphill again with the bank. In the spring of 1943, the General Assembly decided to change its name to “Volksbank Göttingen eGmbH”.
The currency reform on June 20, 1948 was a forward-looking event for all banks in Germany. After the conversion to the DM, the Volksbank Göttingen quickly succeeded in satisfying the strong demand from business people looking for credit on site. The business volume of the regional cooperative bank grew to around EUR 739 million (as of December 31, 2016).
Through the merger with neighboring cooperative banks, the business area also expanded considerably. In 1964 the Volksbank Göttingen eG merged as the acquiring cooperative with the savings and loan fund Herberhausen-Roringen, in 1980 with the Volksbank Nörten-Hardenberg and in 1991 with the Raiffeisenbank Hedemünden.

  • Headquarters of Volksbank Kassel Göttingen eG through the ages

  • Headquarters of what was then Volksbank Kassel eG (1958)

  • Headquarters of Kasseler Bank eG until 2011 (before the renovation)

  • Headquarters 2014, source Meschede

organization structure

Business alignment

As a registered cooperative, Volksbank Kassel Göttingen eG traditionally adheres to the basic values ​​of the cooperative. These are first and foremost regional ties and the promotion of the region, its customers and its members.
To this end, the bank maintains a dense network of service points with a total of 45 points (including self-service points).
In addition, a real estate center with an advisory service is available at the main offices in Kassel and Göttingen.

Business area

The business area of ​​Volksbank Kassel Göttingen extends over Hesse , Lower Saxony and, with a branch in Heiligenstadt, also over part of Thuringia . With 551 employees, Volksbank Kassel Göttingen is one of the major employers in the two main regions of Kassel and Göttingen .

cooperative

statute

The statutes are the company's own "constitution" of a cooperative. In addition to information about the company and the company's purpose, it also contains information about the bodies and their tasks as well as rights and obligations.

Board

The board of directors is the executive management body of Volksbank Kassel Göttingen eG. It consists of the three board members Wolfgang Osse (CEO), Hans-Christian Reuss and Volker Stern.

Assembly of Representatives (General Assembly)

The statutes of Volksbank Kassel Göttingen eG stipulate that the rights of the members in matters of the cooperative are exercised by representatives of the members in the representative assembly as long as the number of members exceeds 1,500. According to the statutes, one representative per 100 members is elected for four years. The election of the representatives is made by the members. All members of Volksbank Kassel Göttingen eG can be elected as representatives. The tasks of the representatives include, among other things, the resolution on the appropriation of the annual surplus, the discharge of the board of directors and the supervisory board and the election of the supervisory board. In addition, the meeting of representatives can make changes to the statutes with a three-quarters majority decision.

Supervisory board

The supervisory board is the controlling body of Volksbank Kassel Göttingen eG. Among other things, he is responsible for appointing and monitoring the Board of Management as well as examining the annual financial statements . In addition, he can request inspection of the books and form expert committees. The Supervisory Board of Volksbank Kassel Göttingen eG consists of 18 members. Twelve members are elected by the meeting of representatives and six members are appointed by the employee side in accordance with the Third Party Participation Act .

Network partner

The network partners are independent partner companies from the financial services sector, which complement or expand the range of products and services of Volksbank Kassel Göttingen eG. These include:

Deposit insurance

In addition to the statutory deposit guarantee, Volksbank Kassel Göttingen eG is the guarantee scheme of the Federal Association of German Volksbanks and Raiffeisenbanks e. V. (BVR) affiliated. This facility operates deposit protection, making the deposits ( savings bonds , savings , schedule and demand deposits as well as affiliated banks issued bearer bonds and certificates ) secured by customers in unlimited height.
In addition, the BVR protection scheme pursues institute protection, ie an affiliated bank that is in financial difficulties is being restructured and provided with financial means so that it can meet all its obligations.

Social commitment and regional ties

social commitment

Volksbank Kassel Göttingen eG regularly takes on social and societal engagement in the region and promotes this through donations, sponsoring or the voluntary participation of its employees. Among other things, employees at all levels take part in the so-called Volunteer Day every year, in which charitable projects are promoted with the help of helpers.
In addition, the Volksbank Kassel Göttingen supports clubs and associations in the region through the association forum. Non-profit clubs and associations can join this forum and are supported in the form of cash and non-cash benefits. The forum currently has over 300 members.

Foundation, endowment

The foundation of the former Kasseler Bank eG established in May 2007 continues to exist after the merger with Volksbank Göttingen eG. The aim of this foundation is to promote projects in science and research, culture, art, education and sport. The foundation capital is continuously increased and comes from the bank itself. In addition, it is also possible for companies and private individuals to participate in the foundation.

Trivia

  • In 2001 the former Kasseler Bank eG launched the umbrella fund KASSELER BANK UNION SELECT in cooperation with Union Investment . Since the merger, this has been running under the name VB Kassel Göttingen Union Select.
  • Volksbank Kassel Göttingen eG is a member of the “Family Success Factor” network initiated by the Federal Ministry for Family Affairs.
  • Volksbank Kassel Göttingen eG is a member of the " Notinsel " network

Web links

Individual evidence

  1. ↑ a b Master data of the credit institute at the Deutsche Bundesbank
  2. ↑ Facts and figures as of December 31, 2018

Coordinates: 51 ° 19 ′ 0.6 ″  N , 9 ° 29 ′ 34.9 ″  E