Volksbank Westrhauderfehn

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Logo of the cooperative banks  Volksbank eG Westrhauderfehn
Country GermanyGermany Germany
Seat
Bottom 2 26817 Rhauderfehn
legal form registered cooperative
Bank code 285 916 54
BIC GENO DEF1 WRH
founding 1909
Association Genossenschaftsverband Weser-Ems eV
Website www.volksbank-westrhauderfehn.de
Business data 2018
Total assets 377 million euros
insoles 263 million euros
Customer credit 295 million euros
Employee 97
Offices 10 (including 5 self-service stations)
Members 12,535

Board of Directors =

management
Board Uwe Brechtezende (Chairman)
Kai Stöter
Supervisory board Wolfgang Mengers (Chairman)
List of cooperative banks in Germany

The Volksbank eG Westrhauderfehn is a German cooperative bank, founded in 1909, headquartered in Rhauderfehn in southern East Friesland , Lower Saxony .

organization structure

The legal basis are the statutes of Volksbank eG Westrhauderfehn and the cooperative law. The organs of this cooperative bank are the management board, the supervisory board and the representative assembly. It belongs to the Federal Association of German Volksbanks and Raiffeisenbanks and regionally to the Weser-Ems Cooperative Association.

Business area and customers

The business area includes the Overledingerland in the district of Leer , the municipality of Bockhorst of the combined municipality of Nordhümmling in the district of Emsland and the village of Elisabethfehn of the municipality of Barßel in the district of Cloppenburg . 4 branches and 5 self-service shops are maintained in the business area. The subsidiary Volksbank Immobilien GmbH is located in Westrhauderfehn on the Rhauderwieke.

history

On March 5, 1909, the then commercial bank Oberledingerland eGmbH zu Westrhauderfehn was founded by 22 people, mostly master craftsmen and tradespeople. The cooperative was registered on March 12, 1909 at the Royal District Court in Leer under No. 27. The development of the commercial bank Oberledingerland eGmbH in the early years of its existence increased steadily and steadily. In 1911 the number of members reached 105 comrades. Ship owners and sailors in particular joined the bank. There are hardly any extraordinary events regarding the activities of the Gewerbebank Oberledingerland eGmbH during the First World War . However, business dealings took on a different face due to the changed circumstances. Savings rose, a sign that people were concerned about the future.

The following inflation was clearly felt in the business life of the Gewerbebank Oberledingerland eGmbH. The currency conversion through the introduction of the Reichsmark changed little in terms of the location of the cash registers. Many emerged from inflation with poor capital.

At the end of the 1920s, the business area was expanded through the opening of further payment offices and the commercial bank Oberledingerland eGmbH grew into neighboring rural communities. On June 26, 1931, a new bank building was inaugurated in Westrhauderfehn.

On March 5, 1934, the commercial bank Oberledingerland eGmbH celebrated its 25th anniversary. The business volume increased from year to year and in 1939 the balance sheet total exceeded the limit of one million Reichsmarks for the first time since the bank was founded . In that year the company name was also changed to Volksbank Westrhauderfehn eGmbH. During the war years, the bank was looked after by the Volksbank Emden. Despite the difficult times, the Volksbank was able to expand its business circle and open another agency in 1943.

With the currency reform in 1948, the banking industry faced a fresh start. Gradually, confidence in the new currency began to develop and the currency reform soon led to the normalization of the economic situation. The deposits of Volksbank Westrhauderfehn eGmbH rose again, a not insignificant prerequisite for the credit supply of the members from if possible the bank's own financing. The need for credit had come to the fore again at that time, especially when trade, handicrafts and trades had to adjust to normal conditions and long overdue pent-up demand had to be met everywhere. In the 1950s, building activity began in Overledingerland. Entire settlements sprang up in the Volksbank's business area. The brokerage of home loan and savings contracts became an important part of the bank's business. At the end of 1956, the bank's total assets exceeded the three million mark. In the following years the first mechanization took place in the bank. Booking machines were purchased and a new, modern bank building (1968), today's headquarters of the Volksbank, was built.

The first merger of Volksbank Westrhauderfehn eGmbH took place in 1971 with Raiffeisenbank Collinghorst, which in turn merged with Raiffeisenbanks Backemoor and Potshausen / Holte in 1970. After the merger, the Volksbank had a business volume of 27 million DM, equity capital of 1.5 million DM and a membership of over 2,500. The branch network extended over the rural structured area of ​​20 × 10 kilometers with 20,000 inhabitants. The economic downturn at the beginning of the 1970s also had an impact on the business development of Volksbank. The lending business suffered from falling demand, also caused by the cyclical high interest rates, so that the lending rate fell. In 1975 the company name was changed to Volksbank eG Westrhauderfehn. In order to further expand the leading position, a further merger with Raiffeisenbank Westrhauderfehn in Langholt took place in 1977. The merger of the two banks not only promoted economic strength, but also more efficient work processes, the expansion of cooperative services, as well as the adjustment of the previously existing territorial overlaps.

For the first time, the balance sheet total exceeded the 100 million mark in the 1980 financial year. In the 1980s, workplaces in the banking industry were equipped with computers faster and more extensively than anywhere else. Electronic data processing (EDP) also revolutionized Volksbank eG Westrhauderfehn. In the mid-1980s the first personal computer was purchased for the Volksbank headquarters, and in 1989 an ATM and bank statement printer were installed and put into operation. The first own internet presence was realized in September 1999.

engagement

Volksbank eG Westrhauderfehn is committed to social issues in the Overledingerland region. Through the establishment of the Fehnstiftung of Volksbank eG Westrhauderfehn in 2007, projects in the field of youth and elderly care, education, homeland care, sport as well as art and culture are financially supported. In the in-house “Fehntjer Forum” cultural center, the cooperative bank offers local people numerous events such as readings, theater, concerts and information evenings. Since 2004, the trade show “Volksbank Days” has been organized every two years for trade, craft and the service sector from the region. The “Volksbank-Westrhauderfehn-Open” tennis tournament takes place at the Collinghorst tennis center every year at the beginning of July.

Web links

Individual evidence

  1. ↑ a b Master data of the credit institute at the Deutsche Bundesbank
  2. ↑ Annual Report 2018
  3. ^ Website of Volksbank Immobilien GmbH
  4. ^ Chronicle of Volksbank eG Westrhauderfehn
  5. ↑ Commitments of Volksbank eG Westrhauderfehn
  6. ^ Website of the Fehntjer Forum

Coordinates: 53 ° 8 ′ 8.2 "  N , 7 ° 34 ′ 32.7"  E