Arlington, VA (October 16, 2024) — Today, National Cooperative Bank, known for providing banking solutions tailored to meet the needs of cooperatives and their members nationwide, released its annual NCB Co-op 100®, listing the nation’s top 100 revenue-earning cooperative businesses. In 2023, these businesses posted revenue totaling $325 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.
The following are the top revenue producers in 2023 for the NCB Co-op 100's main sectors:
Agriculture:
- CHS Inc., based in Inver Grove Heights, Minnesota reported $45.6 billion in revenue in 2023 and maintained its first-place position on the NCB Co-op 100® list.
- Dairy Farmers of America, based in Kansas City, Kansas reported $21.7 billion in revenue, earning the number two ranking again this year.
Grocery:
- Wakefern Food Corporation/ Shoprite, based in Keasbey, New Jersey reported $12.7 billion in revenue, earning the fifth ranking again this year.
- Associated Wholesale Grocers, Inc., based in Kansas City, Kansas reported revenue of $12.4 billion and earned the sixth position on the list.
Hardware & Lumber:
- ACE Hardware Corp., based in Oak Brook, Illinois earned $9.1 billion in revenue and came in at number ten on the list.
- Do-it-Best Corp., located in Fort Wayne, Indiana earned 13th place on the list, with $4.8 billion reported in revenue.
Finance:
- CoBank, headquartered in Greenwood Village, Colorado earned $12.2 billion and came in seventh on the list.
- AgriBank, FCB, headquartered in Saint Paul, Minnesota, earned $10.3 billion in revenue and is number eight on the list.
Healthcare:
- HealthPartners Inc., located in Bloomington, Minnesota earned $8.8 billion in revenue and is eleventh on the list.
Energy & Communications:
- Basin Electric Power Cooperative, located in Bismarck, North Dakota earned the 21st position with a reported $2.9 billion in revenue in 2023.
- Cobb Electric Power Cooperative, Inc., located in Marietta, Georgia, earned the 38th position with reported revenue of $1.8 billion in 2023.
While the companies and rankings change each year, 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.
As a long-time advocate for cooperatives, NCB’s mission is to provide 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.
View the entire report: Co-op 100 Report
