Waldecker Bank

What Waldecker Bank does

Waldeck-Frankenberger Bank eG, operating as Waldecker Bank, is a German cooperative bank (Genossenschaftsbank) headquartered in Korbach and serving the Waldeck-Frankenberg district in Hesse. The bank operates 15 branches and 29 ATMs, employs over 300 staff, and serves 33,703 cooperative members, with a balance sheet total of €2.2 billion. It is a member-owned institution within the Genossenschaftliche FinanzGruppe Volksbanken Raiffeisenbanken, giving it access to the network's central partners including DZ BANK, Union Investment, R+V Versicherung, Bausparkasse Schwäbisch Hall, TeamBank/easyCredit, DZ HYP, Münchener Hypothekenbank, and Reisebank. Customers are segmented into retail (Privatkunden), business (Firmenkunden), and young customers (Junge Kunden), with primary use cases spanning checking, savings, investment, insurance, real estate, and consumer credit.

The core product portfolio is anchored by the Girokonto in four tiers (Premium Plus, Premium, Aktiv Plus, Aktiv) with monthly fees ranging from €0 to €12.90, complemented by the Hausbankwelt loyalty program that enables customers to earn Platinum status and reduce fees to €0. Savings products include TagesGeld and Festgeld at 2.75%, plus a Kombi-Angebot allocation that splits capital 50/50 between fixed-term deposit and Union Investment funds. Digital delivery runs through the VR Banking App, OnlineBanking portal, and Online-Geschäftsstelle, which supports online account opening, card blocking, appointment booking, and tax exemption changes. Pre-construction, construction, and real estate financing flow through Schwäbisch Hall and the IMMO360.de partner platform, while insurance and consumer credit are distributed via R+V and easyCredit respectively.

The revenue model is a hybrid of traditional banking streams: net interest income from lending and deposits, recurring account and transaction fees (€0–€12.90/month tiered), and distribution commissions from partner-manufactured investment, insurance, building society, and credit products. A €50-per-referral Kunden werben Kunden program and a 2.75% Kombi-Angebot rate underpin customer acquisition and deposit gathering. Governance is exercised through a three-person Vorstand (Dennis Patzwaldt, Carsten Hohmann, Mario Seitz), a 15-member Aufsichtsrat chaired by Jürgen Tent, and the cooperative Vertreterversammlung; the institution is privately held by its members with no external equity or venture capital ownership.

Name

Waldecker Bank

Legal name

Waldeck-Frankenberger Bank eG

Website

https://waldeckerbank.de

Company type

Private

Operating status

Operating

Headcount range

11–50 employees

Short description

Waldeck-Frankenberger Bank eG is a member-owned cooperative bank headquartered in Korbach, Germany, serving retail, business, and young customers across the Waldeck-Frankenberg district through 15 branches, 29 ATMs, and digital banking channels within the Genossenschaftliche FinanzGruppe.

Ownership category

akta.pro rank

Product category

Retail Banking

NAICS

Commercial Banking (52211), Depository Credit Intermediation (5221)

SIC

State Commercial Banks (6022)

akta.pro primary industry

Mass-Market Consumer Deposit Banking (Checking/Savings) (FSABAAAA)

akta.pro secondary industries

Retail Lending (Personal Loans, Auto, Credit Lines) (FSABAAAB), Credit Cards & Revolving Credit (FSABAAAC)

Keywords

• Retail banking services
• Cooperative banking
• Consumer lending
• Savings accounts
• Financial advisory

Headquarters

HQ city

Korbach

HQ country

Germany

HQ region

Europe

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Interest Income: Traditional banking interest income from lending and deposits
2. Account Fees and Transaction Charges: Monthly account fees ranging from €0 to €12.90 depending on account tier, plus transaction-based fees for various banking services
3. Financial Products Distribution: Distribution of investment funds (Union Investment), insurance products (R+V), building society savings (Schwäbisch Hall), and credit products (easyCredit)

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels4 records

Core offering

Waldeck-Frankenberger Bank eG is a cooperative retail bank providing everyday banking services (checking accounts, savings, fixed-term deposits), consumer and real estate lending, investment products, insurance, and construction financing. Services are delivered through 15 branches, 29 ATMs, and digital channels (OnlineBanking, VR Banking App, Online-Geschäftsstelle), with specialized offerings for retail, business, and young customers in the Waldeck-Frankenberg region.

Product overview

Waldeck-Frankenberger Bank eG is a cooperative (Genossenschaftsbank) retail bank operating as part of the Genossenschaftliche FinanzGruppe Volksbanken Raiffeisenbanken. The bank operates 15 branches and 29 ATMs serving over 300 employees, with approximately €2.2 billion in balance sheet assets and 33,703 members. The core banking product portfolio centers on the Girokonto (checking account) offered in four tiers (Premium Plus, Premium, Aktiv Plus, Aktiv), complemented by savings products including TagesGeld and Festgeld (fixed-term deposit at 2.75%), and investment products through Union Investment funds. A Kombi-Angebot bundles fixed-term deposits with investment funds in a 50/50 allocation. The Hausbankwelt loyalty program enables customers to achieve status tiers (Bronze through Platin) by using multiple banking categories, with the top tier offering free account maintenance. Digital banking services are delivered through the OnlineBanking platform, Online-Geschäftsstelle, and VR Banking App, including online account opening, card management, appointment scheduling, and ATM location services. Insurance products (via R+V), construction financing (via Schwäbisch Hall), real estate services (via IMMO360.de), and consumer credit (via easyCredit/TeamBank) are provided through strategic partners within the Genossenschaftliche FinanzGruppe. Additional programs include a customer referral scheme (€50 per successful referral), VR Entertain cashback promotions, and cooperative membership with voting rights and dividend distribution.

Differentiator

Problem solved

Functional benefit

Brands

• Hausbankwelt: Customer loyalty program with benefit points and tiered account status (Bronze, Silber, Gold, Platin) offering free checking accounts
• MeinInvest | VermögenPlus
• VR Banking App

Products and services

• Girokonto (Checking Account)
• Festgeld (Fixed-Term Deposit)
• TagesGeld (Daily Savings Account)
• Hausbankwelt (House Bank Loyalty Program)
• Kombi-Angebot (Combination Investment Offer)
• VR Banking App
• OnlineBanking / Online-Geschäftsstelle (Online Branch)
• GoldCard / easyCredit (Credit Card and Consumer Financing)
• Pfändungsschutzkonto (P-Konto / Seizure-Protection Account)
• Online Terminvereinbarung (Online Appointment Booking)
• VR Entertain (Cashback Promotion Program)
• Baufinanzierung / Bausparen (Construction Financing / Building Savings)
• Immobilien & Wohnen (Real Estate & Housing)
• Versicherung (Insurance Products)
• Zukunft & Vorsorgen (Retirement and Future Planning)
• Wertpiersparen / Fondssparen (Securities Savings / Fund Savings)
• Kunden werben Kunden (Customer Referral Program)
• Mitgliedschaft (Cooperative Membership)

Quantifiable outcome

• €0 account fees achievable through Hausbankwelt loyalty program
• +2 more outcomes

Named customers1 record

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Five partnerships are on record, tiered core.

• Union InvestmentcoreStrategic or Co-development PartnerUnion Investment is a leading German fund company offering investment fund solutions. Waldeck-Frankenberger Bank offers selected Union Investment funds as part of their investment products, including a combination product with 50% fixed term deposit at 2.75% and 50% Union Investment funds.
• Bausparkasse Schwäbisch HallcoreStrategic or Co-development PartnerSchwäbisch Hall is Germany's largest building society with approximately 6.5 million customers. They are a leading housing finance provider. The bank offers Bausparkasse products for home financing and savings.
• R+V VersicherungcoreStrategic or Co-development PartnerR+V is one of Germany's largest insurers with over 9 million customers, more than 18,400 employees, and approximately 26 million insured risks. They provide insurance products through the bank's distribution network.
• TeamBank (easyCredit)coreStrategic or Co-development PartnereasyCredit serves over 1 million customers with a unique credit product combining installment loan and revolving credit features. The bank offers easyCredit for flexible financing solutions.
• DZ BANKcoreTechnology or IntegrationDZ BANK is the central bank and lead institute of the Genossenschaftliche FinanzGruppe, serving as the commercial bank and parent company for DZ BANK Group entities.

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Sparda-Banken: Federation of cooperative retail banks primarily serving specific professional groups (civil servants, public-sector employees). Same cooperative/mutual ethos, comparable product set (Girokonto, deposits, easyCredit, Bausparen), and similar member-based governance.
• PSD Banken: Network of regional cooperative retail banks (PSD = Postspar- und Darlehnsverein) offering checking, savings, and consumer credit to defined membership groups. Closely mirrors Waldeck-Frankenberger Bank's regional-cooperative business model.
• BBBank: Cooperative retail bank (formerly Beamten-Bank) serving public-sector employees and private customers, with a similar product portfolio (checking, deposits, construction financing, consumer credit) and mutual ownership structure.
• Sparkasse: Germany's public-sector regional savings bank group, the closest functional parallel to Genossenschaftsbanken — local/regional branch banking, retail and SME focus, community-rooted model. Competes head-to-head with cooperative banks in nearly every German municipality.

Broad incumbents

• DKB (Deutsche Kreditbank): Large German retail/digital bank owned by BayernLB, offering checking, savings, and consumer credit nationwide. Competes for primary banking relationships and deposit gathering against regional banks.
• ING-DiBa (ING Germany): One of Germany's largest direct/online retail banks, competing on free checking and high-yield savings deposits. Represents the nationwide digital challenger model that small regional cooperative banks must defend against.
• Postbank (now part of Deutsche Bank): Mass-market German retail bank with a dense postal-branch network; operates in adjacent space to cooperative banks for retail deposits, checking, and consumer credit at national scale.
• Commerzbank (retail division): One of Germany's big-three private banks with a large retail and SME franchise across branches and digital. Relevant for benchmarking product, pricing, and digital capabilities against which cooperative banks compete locally.
• TARGOBANK: Major German retail bank with nationwide branch and digital presence, focused on consumer credit, checking, and deposits — directly competes for retail and SME customers that cooperative banks also serve.
• Volksbanken und Raiffeisenbanken (cooperative banking group): The umbrella cooperative banking group to which Waldeck-Frankenberger Bank belongs. Operates the same Genossenschaftliche FinanzGruppe model with member-owned retail and business banking, identical product partnerships (Union Investment, R+V, Schwäbisch Hall), and shared branding/protocols.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• TikToktiktok.com/@waldeckfrankenbergerbank
• LinkedInlinkedin.com/company/waldecker-bank

Revenue estimate

Valuation estimate

Number of profiles

Profiles20 records

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 Waldecker Bank