Annual Report Highlights Success of Cooperative
Business Sector Nationwide
Arlington, VA (October 25, 2016) —Today, National Cooperative Bank,
known for providing banking solutions tailored to meet the needs of
cooperatives nationwide, released its
annual NCB Co-op 100®, listing
the nation’s top 100 revenue-earning cooperative businesses. In 2015, these
businesses posted revenue totaling approximately $223.8 billion. The NCB Co-op 100® remains the only
annual report of its kind to track the profits and successes of cooperative businesses
in the United States.
economic impact of cooperatives is critical to our economy”, stated Charles E.
Snyder, President and CEO of National Cooperative Bank. “The cooperative business model can be seen in
just about every industry across America, from local food to finance to housing
and energy. Cooperatives remain a trusted, viable and successful business
model. They create jobs and build community. Cooperatives Build a Better World. That’s not only something to be proud
of - it’s just good business.”
The following are the top revenue producers in 2015 for the NCB Co-op 100's main sectors:
- CHS Inc., based
in Saint Paul, Minnesota reported $34.5 billion in revenues in 2015 and
maintained its first place position on the NCB
Co-op 100 list.
- Dairy Farmers of America, based in Kansas City, Missouri, reported $13.8 billion
in revenues, earning the number three ranking this year.
- Wakefern Food Corporation/ Shoprite, based in Keasbey, New Jersey reported $15.5 billion
in revenue and earned the number two ranking.
- Associated Wholesale Grocers, Inc., based in Kansas City, Kansas reported revenue of $8.9
billion and moved to the fifth spot on the list.
- Hardware &
- ACE Hardware,
based in Oak Brook, Illinois earned $5 billion in revenue and came in at number
eight on the list.
- Do it Best Corp., located in Fort Wayne, Indiana placed 14th again this year,
with a reported $2.9 billion in revenues.
- Navy Federal Credit Union, headquartered in Vienna, Virginia, earned $4.7 billion
in revenues and moved to number nine on the list.
headquartered in Greenwood Village, Colorado earned $2.3 billion and came in 17th
on the list.
- HealthPartners, Inc., located in South Bloomington, Minnesota remained at the
seventh spot on this year’s list with $5.7 billion in revenue.
- Group Health Cooperative, headquartered in Seattle, Washington, reported $3.6 billion
in revenues and moved to 12th on the list.
- Energy &
- Basin Electric Power Cooperative, located in Bismarck, North Dakota earned the 19th position
with a reported $2.1 billion in revenue in 2015.
- Oglethorpe Power Corporation, located in Tucker, Georgia earned the 35th
postion with a reported revenue of $1.3 billion in 2015.
While the companies and rankings change year to
year on the list, the cooperative sector continues to advance, playing an
increasingly influential role in the national and global economy. Released
annually in October during National Co-op Month, the NCB Co-op 100® is just one way the Bank
strives to educate and promote the importance of this sector.
long-time advocate for cooperatives, NCB’s mission is providing critical
financing to support the growth and expansion of cooperative businesses, while
also deploying hundreds of millions of dollars to support underserved
communities and cooperative expansion initiatives. NCB and other
cooperatives named on the NCB Co-op 100® list
are continually hard at work on getting the message out on the advantages of member-owned
exist in a cross-section of sectors, including agriculture, grocery, hardware
and lumber, finance, energy and communications, housing, and recreation among others.
These co-ops provide over two million jobs and create more than $75 billion in
annual wages with revenue of nearly $650 billion.
similar to other business models, a cooperative has several unique features. It
is owned and controlled by its members, who have joined together to use the
cooperative’s goods, services and facilities. A board of directors, elected by
the membership, sets the cooperative’s policies and procedures. By pooling
resources, members can leverage their shared power to buy, sell, market, or
bargain as one group, achieving economies of scale and sharing in any profits
generated. In addition, communities benefit both socially and fiscally by the
cooperatives’ ability to access and
deliver goods and services from across the nation.
View the entire NCB
Co-op 100 report.
About National Cooperative Bank:
National Cooperative Bank is
dedicated to strengthening communities nationwide through the delivery of
banking and financial services, complemented by a special focus on cooperative
expansion and economic development. Headquartered in Washington, DC, the Bank
has offices in Alaska, California, New York, Ohio and Virginia. To learn more,
visit www.ncb.coop, National Cooperative Bank on Facebook and Instagram, or on