VR-Bank Memmingen

What VR-Bank Memmingen does

VR-Bank Memmingen eG is a German cooperative bank (eingetragene Genossenschaft) headquartered at Maximilianstr. 24, 87700 Memmingen, Bavaria, serving retail customers (Privatkunden) and small and medium-sized enterprises (Firmenkunden) across the Memmingen, Unterallgäu, and Allgäu regions. The bank is a member of the Genossenschaftliche FinanzGruppe (Volksbanken und Raiffeisenbanken cooperative network) and operates within a regional footprint of 101–250 employees through physical branch offices (Filialen) and a specialist real estate office (Haus der Immobilie / Immobilienbüro).

The bank's core products span deposit accounts (Girokonto, Tagesgeld, Festgeld, Kündigungsgeld), lending products (Baufinanzierung for retail, Unternehmerkredit up to EUR 100,000 for SMEs), payment cards (girocard, Mastercard credit/debit including virtual cards via Apple Pay), insurance distribution (R+V group accident and goods credit insurance), investment products (MeinInvest/VermögenPlus, Union Investment), building society products (Schwäbisch Hall), consumer credit (TeamBank/easyCredit), and real estate brokerage (Immobilienvermittlung). Its technology stack centers on an OnlineBanking portal and the VR Banking App, supporting SEPA payment standards with ISO-20022 migration scheduled for November 2026, the Wero instant payment system, Multibanking add-on services, an electronic postbox (Elektronisches Postfach), and Smart-TAN optic / pushTAN authentication (with Smart-TAN optic being phased out).

Revenue derives from interest spreads on lending, account and transaction fees, distribution commissions from R+V insurance and Union Investment/Schwäbisch Hall/TeamBank partner products, and real estate brokerage transaction fees. The bank targets cooperative members (Mitglieder) who hold shares, gain voting rights through the Vertreterversammlung, and receive member benefits (e.g., 50% discount at local partner Schwarze Katz). The go-to-market is direct-to-consumer via an omnichannel model: physical branches for advisory-led sales of complex products (mortgages, business banking, investments), digital self-service for routine transactions, and partner-embedded portals for cross-sold financial products. No M&A, funding rounds, or leadership changes are disclosed in the source material.

Name

VR-Bank Memmingen

Legal name

VR-Bank Memmingen eG

Website

https://vr-memmingen.de

Company type

Private

Operating status

Operating

Headcount range

101–250 employees

Short description

VR-Bank Memmingen eG is a member-owned German cooperative bank serving retail and SME customers in the Memmingen, Unterallgäu, and Allgäu regions through branch offices, digital banking platforms, and partner-distributed investment, insurance, and building society products within the Genossenschaftliche FinanzGruppe network.

Ownership category

akta.pro rank

Product category

Retail & SME Cooperative Banking

NAICS

Depository Credit Intermediation (5221), Portfolio Management and Investment Advice (523940), Finance and Insurance (52)

SIC

National Commercial Banks (6021), Personal Credit Institutions (6141), Short-Term Business Credit Institutions (6153), Insurance Agents, Brokers & Service (6411)

akta.pro primary industry

Payables & Disbursements (ACH/SEPA, wires, checks, virtual cards) (FSABAIAB)

akta.pro secondary industries

Variable Recurring Payments (VRP) & Sweeping (FSAMAFAD), Virtual Card & Tokenization Schemes (FSAMAAAG)

Keywords

• Retail banking services
• Cooperative banking
• Mortgage financing
• Business banking
• Payment services

Headquarters

HQ city

Memmingen

HQ country

Germany

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Interest Income: Core banking revenue from interest spreads on lending products including mortgages (Baufinanzierung), personal loans (Unternehmerkredit up to 100,000 EUR), and overdraft facilities. Also income from interest on customer deposits.
2. Account and Transaction Fees: Fees from giro account management, payment transactions, card issuance (girocard, Mastercard credit/debit cards), and ATM withdrawals.
3. Insurance Distribution Commission: Commission revenue from distribution of R+V Versicherung products including group accident insurance (Gruppen-Unfallversicherung) and goods credit insurance (Warenkreditversicherung).
4. Investment Product Distribution: Revenue from distributing investment products through Union Investment, Schwäbisch Hall (building society), and in-house MeinInvest/VermögenPlus platforms, earning distribution fees and trail commissions.
5. Real Estate Services: Revenue from property brokerage (Immobilienvermittlung) and mortgage brokerage through the bank's Haus der Immobilie service.

Pricing tiers

Go-to-market motion1 record

Distribution channels6 records

Marketing channels6 records

Core offering

VR-Bank Memmingen eG is a cooperative bank that provides retail and business banking services — current accounts (Girokonto, Geschäftskonto), savings and term deposits (Tagesgeld, Festgeld, Kündigungsgeld), lending (Baufinanzierung, Unternehmerkredit up to EUR 100,000), credit and debit cards (Mastercard/girocard), insurance distribution (R+V), real estate brokerage (Haus der Immobilie), and investment products (MeinInvest/VermögenPlus, Union Investment). Customers access these services through regional branches in the Memmingen/Unterallgäu/Allgäu area, the OnlineBanking portal, the VR Banking App, and the Wero instant payment system.

Product overview

VR-Bank Memmingen eG operates as a German cooperative bank offering a comprehensive portfolio of banking products for both retail and business customers. The bank's offerings include core deposit products (Girokonto, Tagesgeld, Festgeld, Kündigungsgeld), lending solutions (Baufinanzierung, Unternehmerkredit), and payment services including a proprietary VR Banking App and OnlineBanking platform. For business customers, the bank provides Geschäftskonto, Firmenkreditkarte (BusinessCard Classic), and insurance products through R+V partnership. The digital banking ecosystem integrates partner services including MeinInvest/VermögenPlus for investment management, Union Investment, easyCredit (TeamBank), and Schwäbisch Hall for building society products. New payment capabilities include the Wero instant payment service. The bank's digital presence spans OnlineBanking, a mobile banking app, and various online service portals, positioned within the broader Genossenschaftliche FinanzGruppe cooperative banking network.

Differentiator

Problem solved

Functional benefit

Brands

• VR Banking App: Digital banking application for mobile banking services including account access, transfers, and financial management.
• OnlineBanking

Products and services

• Girokonto Current account offering with Hausbankvorteile (house bank advantages) for daily banking transactions, targeted at retail/private banking customers.
• Festgeld
• Kündigungsgeld
• Tagesgeld
• Kreditkarten (Credit and Debit Cards)
• Baufinanzierung
• Immobilienvermittlung (Haus der Immobilie)
• Geschäftskonto
• Unternehmerkredit
• Firmenkreditkarte (BusinessCard Classic)
• Gruppen-Unfallversicherung
• Warenkreditversicherung
• VR Banking App
• OnlineBanking
• MeinInvest / VermögenPlus
• Wero Instant Payments Instant payment service within the European Payments Initiative allowing money transfers using only a mobile phone number for quick P2P and online payments.
• Zahlungsverkehrsvordrucke (SEPA Payment Forms)

Named customers2 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Nine partnerships are on record, tiered core, secondary and minor.

• Union InvestmentcoreTechnology or IntegrationUnion Investment is a key investment product partner of VR-Bank Memmingen, providing funds and investment management services distributed through the bank's OnlineBanking and MeinInvest/VermögenPlus platforms. Customers can access Union Investment depot and fund products directly through the bank's integrated portal. Union Investment Service Bank AG AGB are referenced in the bank's terms and conditions.
• R+V VersicherungcoreTechnology or IntegrationR+V Versicherung is the primary insurance partner of the VR-Bank Memmingen, offering products including Gruppen-Unfallversicherung (group accident insurance for businesses) and Warenkreditversicherung (goods credit insurance to protect against default). Distributed via the bank's branch and digital channels, with a dedicated R+V Kundenportal for policy management.
• Schwäbisch HallcoreChannel Partner/ Reseller/ DistributorSchwäbisch Hall is a leading German building society (Bausparkasse) partner, offering building society contracts (Bausparverträge) and home ownership savings products. Distributed through the bank's advisors as part of the Immobilie & Wohnen (real estate and housing) product range, with a dedicated Schwäbisch Hall customer portal for account management.
• TeamBank (easyCredit)secondaryChannel Partner/ Reseller/ DistributorTeamBank provides the easyCredit installment credit product offered by VR-Bank Memmingen. Customers can access the TeamBank customer portal for easyCredit management. The partnership enables the bank to offer consumer lending beyond its own credit portfolio.
• GenoStoreminorChannel Partner/ Reseller/ DistributorGenoStore is an online store partner offering banking accessories such as card readers (Smart-TAN Leser) and other banking equipment. Accessed through the bank's services navigation, GenoStore provides hardware accessories for banking security.
• GENO EnergieminorChannel Partner/ Reseller/ DistributorGENO Energie is an energy products partner referenced in the bank's contract management system for products that can be contracted through the bank's platform and potentially revoked through the bank's wider services.
• MastercardcoreTechnology or IntegrationMastercard provides credit and debit card infrastructure (physical and virtual Mastercard and Visa Debit cards) to VR-Bank Memmingen customers. The bank also participates in Mastercard promotional campaigns such as the UEFA Champions League competition. Apple Pay integration is available for virtual cards.
• DZ BANKcoreStrategic or Co-development PartnerDZ BANK is the central institution of the German cooperative banking sector and a key strategic partner. The bank participates in DZ BANK events such as the DZ BANK Webkonferenz providing market outlooks on capital markets. DZ BANK also supports cooperative banks with capital market products and services.
• Schwarze KatzminorGTM or Marketing PartnerSchwarze Katz is a local/regional beverage brand (wine) offering a member benefit program: members of VR-Bank Memmingen receive 50% discount on their second drink at Schwarze Katz. This represents a local community partnership and member benefit initiative.

Scale indicators1 record

Recent moves6 records

Expansion highlights6 records

Emerging players

• N26: Berlin-based mobile-first challenger bank offering retail accounts, payments and basic lending in Germany. Targets the same retail demographic as VR-Bank Memmingen (especially younger customers) with a low-cost digital model, in contrast to VR-Bank's branch-heavy cooperative model.
• Revolut: UK-based digital finance app offering multi-currency accounts, instant payments and investment products to retail customers in Germany. Competes for the same German retail payment and account relationship as VR-Bank Memmingen, particularly via mobile and contactless channels.

Direct peers

• TARGOBANK: German consumer-and-business bank specializing in current accounts, credit cards, consumer credit and SME services through digital and branch channels. Comparable retail/SME customer focus and product set, especially in credit cards (Mastercard) and consumer lending.
• Deutsche Kreditbank (DKB): Largest German direct/online bank, offering retail and SME current accounts, payments, lending, securities and broker services. Directly competes with VR-Bank Memmingen for retail and SME customers across Germany through a comparable product set, but without branches and at national scale.
• ING Deutschland: Major Dutch-owned retail and SME bank in Germany offering current accounts, consumer lending, mortgages, cards and investment products. Closely comparable customer target and product breadth to VR-Bank Memmingen, but with a digital-first model and national reach.
• Postbank: Deutsche Bank-subsidized retail bank providing current accounts, payments, mortgages and personal lending to retail and small business customers across Germany. Comparable retail/SME product mix to VR-Bank Memmingen, including cooperative-like multi-product relationships.

Broad incumbents

• Sparkasse: Network of German public-law savings banks providing retail and SME banking with strong regional branch presence. Closest like-for-like competitor to VR-Bank Memmingen by virtue of a public-mandate, relationship-based regional banking model targeting the same German retail and Mittelstand segments.
• Volksbanken und Raiffeisenbanken (cooperative network): Network of regional German cooperative banks of which VR-Bank Memmingen is itself a member; other VR-Banken and the shared service entities (DZ BANK, Union Investment, R+V, Schwäbisch Hall, TeamBank) operate as peers within the same ecosystem with overlapping retail/SME offerings.
• HypoVereinsbank (UniCredit Bank): Major German universal bank under UniCredit serving retail, SME, corporate and private banking clients across Germany. Overlaps with VR-Bank Memmingen in retail current accounts, consumer lending and SME banking as part of a broader portfolio.
• Commerzbank: One of Germany's largest commercial banks offering retail, SME, corporate and wealth services. Overlaps meaningfully with VR-Bank Memmingen's retail and SME banking and competes for the same Mittelstand customers, but as part of a much wider national/international portfolio.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks7 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/VRBankMemmingen
• LinkedInlinkedin.com/company/vrbankmemmingen

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about VR-Bank Memmingen