Volksbanken are cooperative banks in Germany that focus on serving their local communities. They are owned by their members, who can be individuals or businesses, and aim to provide financial services such as savings accounts, loans, and investment options. The cooperative model emphasizes mutual support and community development. Founded in the 19th century, Volksbanken operate on the principle of "helping people help themselves." They prioritize customer service and financial education, ensuring that members have access to the resources they need to make informed financial decisions. This approach fosters a sense of trust and loyalty among their clientele.