ARLINGTON, Va.– The National Cooperative Bank has released its annual NCB Co-op 100, which includes five credit unions on its list of the top 100 revenue-earning cooperative businesses.
In 2019, the top 100 cooperative businesses posted revenue totaling approximately $228.2 billion, according to the NCB.
The highest ranked credit union on the Co-op 100 was the $111-billion Navy Federal, which reported $7.9-billion in 2019 revenues, giving it seventh place on the list.
Other CUs included were the $41-billion State Employees Credit Union, the $24.7-billion PenFed Credit Union, the $22-billion BECU, and the $16.7-billion SchoolsFirst FCU.
The following are the top revenue producers in 2019 for the NCB Co-op 100's main sectors:
Agriculture
- CHS Inc., based in Inver Grove Heights, Minn., which reported $31.9 billion in revenues in 2019 and maintained its first place position on the NCB Co-op 100 list.
- Dairy Farmers of America., based in Kansas City, Mo., which reported $15.9 billion in revenues, earning the number two ranking this year.
Grocery
- Wakefern Food Corporation/ Shoprite, based in Keasbey, N.J., which reported $13.1 billion in revenue, earning the fourth ranking again this year.
- Associated Wholesale Grocers, Inc., based in Kansas City, Kan., which reported revenue of $9.7 billion and earned the fifth position on the list.
Hardware & Lumber
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ACE Hardware Corp., based in Oak Brook, Ill., which earned $6.1 billion in revenue and came in at number nine on the list.
Do-it-Best Corp., located in Fort Wayne, Indiana earned the 12th place on the list, with $3.5 billion reported in revenue.
Finance
- Navy FCU in Merrifield, Va., which earned $7.9 billion in revenues and is number seven on the list.
- CoBank, headquartered in Greenwood Village, Colo., which earned $4.7 billion and came in 10th on the list.
Healthcare
- HealthPartners Inc. in Bloomington, Minn., which earned $7.3 billion in revenue and is eighth on the list.
Energy & Communications
- Basin Electric Power Cooperative, located in Bismarck, N.D., earned the 17thposition with a reported $2.3 billion in revenue in 2019.
- Oglethorpe Power Corporation, located in Tucker, Ga., which earned the 32nd position with reported revenue of $1.4 billion in 2019.
“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,” the NCB said.
View the entire Co-op 100 Report.