Twenty Electric Co-ops Make “Co-op 100” List
America’s top 100 cooperatives, based on revenue, generated total revenues of $208 billion in 2016, according to the latest NCB Co-op 100 list from the National Cooperative Bank (NCB). Today, one in three Americans are a member of a co-op, according to NCB.
“Whether its brining fresh local food through a food co-op or affordable homeownership through a housing cooperative, cooperatives help strengthen communities,” NCB President and CEO Charles E. Snyder said. “The economic impact of cooperatives is critical to our economy.”
NCEMC, along with 17 other generation and transmission cooperatives, two electric distribution systems, the National Rural Utilities Cooperative Finance Corporation (CFC) and CoBank were among those making the list, accounting for a combined $23 billion in revenue in 2016, up from a combined $22.7 billion in 2015.
Due to its size, serving electric distribution co-ops across North Carolina, NCEMC ranked 49th on the list with a reported revenue of $1.02 billion in 2016. NCEMC was ranked 46th on the list for 2015.
Overall, the 100 largest U.S. cooperatives posted revenue totaling $207.9 billion in 2016, a 7.1 percent drop from the year before. Once again, agribusiness cooperative CHS, Inc., headquartered in Saint Paul, Minnesota, topped the list with $30.3 billion in revenue.
The full report and a list of all 100 top cooperatives is available online from NCB.