Volksbank Lüdinghausen-Olfen

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In 2018, the member representatives of Volksbank Lüdinghausen-Olfen eG decided to merge with the neighboring Volksbank Haltern eG. On July 22, 2019, the merger to form Volksbank Südmünsterland-Mitte eG is legally binding. The new cooperative is based in Lüdinghausen.

Logo of the cooperative banks  Volksbank Lüdinghausen-Olfen eG
Head office of Volksbank Lüdinghausen-Olfen eG in Lüdinghausen
Head office of Volksbank Lüdinghausen-Olfen eG in Lüdinghausen
Country GermanyGermany Germany
Seat Ludinghausen
legal form registered cooperative
Bank code 401 645 28
BIC GENO DEM1 LHN
founding 1895 - sub-institutes as early as 1884 and 1893
Association Rheinisch-Westfälischer Genossenschaftsverband e. V.
Website www.vobadirekt.de
Business data 2017
Total assets € 493 million
insoles € 333 million
Customer credit € 355 million
Employee 100
Offices 4th
management
Board Marcus W. Leiendecker, speaker;
Berthold Stegemann
Supervisory board Bernd Hagen
List of cooperative banks in Germany

history

In 1884 the citizens of Olfen decided to lay the foundation stone for a local savings and loan association. It was founded in Seppenrade in 1893. Two years later, the local savings and loan association was launched in Lüdinghausen.

The Lüdinghauser Fund initially had 132 members from the municipalities of the city of Lüdinghausen and Lüdinghausen-Land, which were still separate at the time. The district administrator of the Lüdinghausen district saw the local cooperative as a competitor to the Kreissparkasse created in 1848 and tried to limit the municipal loan business. But the upper president in Münster lifted the relevant order again. The customers, especially in the credit area, were mainly craftsmen and farmers in all three locations. Among the savers, the group of day laborers, servants and maids was represented with about 50 percent.

Even then, the aim was to promote the interests of members and customers. A regional universal bank developed from a pure savings and loan granting institute. Accordingly, it renamed Volksbank Lüdinghausen eG in 1974.

In 1999 the Lüdinghauser credit institute merged with Volksbank Olfen. In 2013 it merged with Volksbank Seppenrade.

In 2018 Volksbank Lüdinghausen-Olfen eG had 4 branches in Lüdinghausen, Olfen and Seppenrade as well as 2 self-service centers.

literature

  • Ziranka, Josef; Schmitz, Liane: 100 Years of Volksbank Lüdinghausen, 1895–1995; Ludinghausen 1995
  • Volksbank Olfen eG; 100 years Volksbank Olfen; Olfen 1984
  • Volksbank Seppenrade: 100 years Volksbank Seppenrade; Ludinghausen 1993

Web links

Individual evidence

  1. ↑ a b Master data of the credit institute at the Deutsche Bundesbank
  2. ↑ Facts & Figures on the bank website

Coordinates: 51 ° 46 ′ 18.6 "  N , 7 ° 26 ′ 45.5"  E