National Cooperative Bank, known for providing banking solutions tailored to meet the needs of co-operatives nationwide, released its annual NCB Co-op 100, listing the nation’s top 100 revenue-earning cooperative businesses.
In 2014, these businesses posted revenue totaling approximately $243.2 billion, a 4.1% increase from 2013.
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.
“Cooperatives Build a Better World,” stated Charles Snyder, CEO of National Cooperative Bank. “The business model, seen in major industries across the United States, from local food to finance, helps strengthen communities and empower people.
“The financial and social impact of co-ops is very impressive but we must work together to increase our recognition for cooperatives worldwide. Now is the time to learn, share and support cooperative business.”
The following are the top revenue producers in 2014 for the NCB Co-op 100’s main sectors:
Agriculture:
CHS Inc., based in Saint Paul, Minnesota reported $42.6 billion in revenues in 2014 and maintained its first place position on the NCB Co-op 100 list.
Dairy Farmers of America based in Kansas City, Missouri, reported $17.9 billion in revenues, earning the number two ranking again this year.
Grocery:
Wakefern Food Corporation/Shoprite based in Keasbey, New Jersey reported $11.8 billion in revenue and earned the number four ranking.
Associated Wholesale Grocers, Inc., based in Kansas City, Kansas reported revenue of $8.9 billion and remained in the sixth spot on the list.
Hardware & Lumber:
ACE Hardware, based in Oakbrook, Illinois earned $4.7 billion in revenue and came in at number nine on the list.
Do it Best Corp., located in Fort Wayne, Indiana placed 14th this year, with a reported $2.8 billion in revenues.
Finance:
Navy Federal Credit Union, headquartered in Merrifield, Virginia, earned $4.1 billion in revenues and landed in the 11th spot for 2014.
CoBank headquartered in Greenwood Village, Colorado earned $2.1 billion and came in 20th on the list.
Healthcare:
HealthPartners, Inc., located in South Bloomington, Minnesota moved to the seventh spot on this year’s list with $5.5 billion in revenue.
Group Health Cooperative, headquartered in Seattle, Washington, reported $3.6 billion in revenues and remained 13th on the list.
Energy & Communications:
National Cable Television Cooperative, Inc. from Lenexa, Kansas moved up to number 15 on the list, with $2.7 billion in revenues.
Basin Electric Power Cooperative, located in Bismarck, North Dakota earned the 18th position with a reported $2.2 billion in revenue in 2014.
While the companies and rankings change year to year on the list, the co-operative sector continues to advance, playing an increasingly influential role in the national and global economy, according to NCB.
