Friedrich Wilhelm Raiffeisen [SEP] position held
Friedrich Wilhelm Raiffeisen
Friedrich Wilhelm Raiffeisen (30 March 1818 – 11 March 1888) was a German mayor and cooperative pioneer. Several credit union systems and cooperative banks have been named after Raiffeisen, who pioneered rural credit unions.
Life.
Friedrich Wilhelm Raiffeisen was born on 30 March 1818 at Hamm/Sieg (Westerwald). He was the seventh out of nine children. His father Gottfried Friedrich Raiffeisen was a farmer and also mayor of Hamm for a while. One can go back to his family’s origin until
.
History.
The incorporation meeting of the shareholders of the giro centre of the Austrian Raiffeisen cooperatives was held on 16 August 1927. With this, a central institution was established for the Raiffeisen Banking Group, and since then this institution has functioned as the national and international representative and coordinator for the Group. The founding took place roughly four decades after the establishment of the first Austrian savings and loan cooperative to use the system devised by Friedrich Wilhelm Raiffeisen.
The original company name was "Girozentrale der österreichischen Genossenschaften"