Bundesverband der Deutschen Volksbanken und Raiffeisenbanken
The National Association of German Cooperative Banks (BVR) () is the umbrella association for the cooperative banking sector in Germany. As of 2015 it had 1,021 members, which represents all the cooperative banks in Germany, including local cooperative banks, PSD banks, Sparda banks, Church banks and Cooperative financial institutions. The cooperative banking sector in Germany has a balance sheet of 1,081 billion euros and employs around 191,000 members of staff. The BVR represents the interests of the German Cooperative Financial Institutions at both national and international levels and coordinates and develops the joint strategy within  the Network. The BVR advises and supports his members on legal, taxation, and business management issues. The Cooperative Financial Network's protection scheme, is Germany's oldest deposit guarantee scheme for banks and is run by the BVR. The BVR informs its member banks on economic and political developments and publishes the “Bank-Information” newsletter. European affairs are dealt with by a representation in Brussels. The BVR is member of the European Association of Co-operative Banks (EACB). Structure. Board of Managing Directors, Association Council, Administrative Board, and general meeting of members – these four governing bodies carry out the BVR ’s duties as an association. Board of Managing Directors. The three-strong Board of Managing Directors, which is appointed by the Administrative Board, manages the BVR's business operations and represents the BVR externally. Administrative Board. The Administrative Board is composed of 12 members of the Association Council. The Administrative Board advises the Board of Managing Directors on matters of banking business and banking policy. It also has the job of supervising the Board of Managing Directors and monitors how the Board of Managing Directors runs the protection scheme. Chairman of the administrative board is in accordance with the Articles  of Association the respective chairman of the association council. Association Council. The Association Council comprises up to 50 members, 12 of whom make up the Administrative Board. The Association Council decides on the Network's strategic direction. It approves the strategic projects devised by special committees. The Chairman of the Association Council takes over with its election in accordance with the Articles of Association at the same time the chairmanship of the Administrative Board. General meeting of members. The place for democratic decision-making in the Cooperative Financial Network is the general meeting of members, at which every institution has  a vote, irrespective of its size. It convenes at least once a year.