NCB Co-op 100

The secret is out on the impact of co-ops...

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Welcome to the 2012 NCB Co-op 100
A Letter from the President
The International Year of Cooperatives has been an exciting time to showcase successful cooperatives and their impact. Whether it is bringing fresh, local food through a food co-op, affordable financial services through a credit union or affordable homeownership through a housing cooperative, cooperatives help strengthen communities. As cooperatives, we know that our model of business is successful and sustainable. Our challenge is to tell more people in decisions-making positions and in the media, about the scope, size and scale of the cooperative model, its impact on the economy, its sustainability, and the work it does to build communities across the world. IYC 2012 has offered tremendous exposure to cooperatives across the globe. Reading the cooperative stories on stories.coop and watching the videos on National Cooperative Grocers Association's "Stronger Together" website have provided wonderful opportunities for cooperatives to tell their story. But we need to keep marketing the cooperative difference. Recently NCB partnered with the National Cooperative Business Association to develop CooperateUSA.coop and the CooperateUSA mobile app. CooperateUSA is the most comprehensive directory of U.S. cooperatives making it easier than ever to locate co-ops so you can shop, bank and live cooperatively. I encourage you to download this free app and find co-ops near you! NCB’s Co-op 100 list is just another tool to help promote cooperatives and the impact these businesses make in our economy. In 2011, the top 100 Cooperatives generated nearly $216 billion in revenue, an increase of 11% from 2010. We also saw 6 new editions to the list including; MFA Oil Company, Co-alliance, Select Milk Producers, Inc., Cooperative Producers, Inc, Truepoint Cooperative and United Farmers Cooperative. Like our Co-op 100 audiences, we are eager to see which co-ops make the list, how they rank compared to the previous year, and what kinds of revenues they’re generating. This year, as always, we are delighted to see that co-ops continue to grow and expand, providing vital services to their community and members.

Charles E. Snyder President & CEO, NCB

Industry Activity by Sector
In Millions of Dollars

INDUSTRY
Agriculture

REVENUE
$125,598

Grocery & Food Distribution Energy & Communications Finance Hardware & Lumber Healthcare Other TOTAL IN MILLIONS

$35,468 $19,956 $13,728 $8,553 $8,050 $4,265 $215,618

The 2012 NCB Co-op 100 List *

Ranked by Revenue in Millions of Dollars
Each year, the NCB Co-op 100 announces the top 100 cooperatives in America, highlighting the business activity and economic power of these member-owned, member- controlled businesses. The only annual report of its kind, the NCB Co-op 100 is an important indicator of cooperative business activity across the country.
2011 2010 RANK RANK COOPERATIVE NAME WEBSITE
CHS Inc. www.chsinc.com

2011 REV.
36,916 13,013 12,849 10,326 8,597 7,767 4,358 3,859 3,848 3,709 3,639 3,532 3,494 3,240 2,329 2,287 2,229 2,075 2,070 1,979

2010 REV.
25,268 9,880 11,146 9,458 6,132 7,252 3,288 3,578 3,921 3,531 2,963 3,975 3,197 3,146 2,296 2,471 2,103 1,692 1,649 1,709

2011 ASSETS
12,217 2,295 5,438 1,499 2,631 1,132 1,332 2,290 924 1,346 809 83,137 1,779 46,925 699 241 372 545 579 324

2010 ASSETS
8,666 2,165 4,885 1,304 1,876 1,024 1,187 1,893 928 1,317 678 79,772 1,655 44,198 691 252 353 500 496 287

INDUSTRY
AG AG AG GR AG GR AG HC GR HL AG FN HC FN HL GR EC AG AG AG

PRESIDENT/CEO CITY, STATE
Carl Casale Saint Paul, MN Rick Smith Kansas City, MO Christopher J. Policinski Saint Paul, MN Joseph Colalillo Keasbey, NJ Jeff Solberg Bloomington, IL Jerry Garland Kansas City, KS Marty Reagan Omaha, NE Mary Brainerd South Bloomington, MN Alfred A. Plamann Commerce, CA Ray Griffith Oakbrook, IL Richard Cotta Visalia, CA L. William York Saint Paul, MN Scott Armstrong Seattle, WA Culter Dawson Merrifield, VA Robert N. Taylor Fort Wayne, IN J. Christopher Michael Robesonia, PA Rich Fickile Lenexa, KS Thomas R. Scribner Richmond, VA Jim Wegner Seattle, WA Ed Welch New Ulm, MN

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20

1 4 2 5 7 6 12 10 9 11 15 8 13 14 18 16 19 25 27 24

Dairy Farmers of America www.dfamilk.com Land O'Lakes, Inc. www.landolakesinc.com Wakefern Food Corp. www.wakfern.com GROWMARK, Inc. www.growmark.com Associated Wholesale Grocers, Inc www.awginc.com Ag Processing Inc. www.agp.com HealthPartners Inc. www.healthpartners.com Unified Grocers, Inc www.unifiedgrocers.com ACE Hardware Corp. www.acehardware.com California Dairies, Inc. www.californiadairies.com Agribank, FCB www.agribank.com Group Health Cooperative www.ghc.org Navy Federal Credit Union www.navyfcu.org Do-it-Best Corp. www.doitbest.com Associated Wholesalers, Inc. www.awiweb.com Nat’l Cable Television Co-op, Inc. www.cabletvcoop.org Southern States Cooperative www.southernstates.coop Darigold www.darigold.com Associated Milk Producers, Inc www.ampi.com

TOTAL REVENUE IN MILLIONS
Industry Abbreviations
AG = Agriculture GR = Grocery

$215,618
HC = Healthcare HL = Hardware and Lumber FN = Finance EC = Energy & Communication ME = Media RC = Recreation FD = Food Distribution

SU = Supply RX = Pharmetcutical Distributor

1-20

The 2012 NCB Co-op 100 List *
2011 2010 RANK RANK COOPERATIVE NAME WEBSITE
Associated Food Stores www.afstores.com United Suppliers, Inc. www.unitedsuppliers.com Central Grocers Cooperative www.central-grocers.com CoBank www.cobank.com Plains Cotton Co-op Association www.pcca.com True Value Corporation www.truevalue.coop RC Equipment Inc. www.rei.com Basin Electric Power Cooperative www.basinelectric.com Foremost Farms USA Cooperative www.foremostfarms.com Ocean Spray www.oceanspray.com Prairie Farms Dairy Inc. www.prairiefarmsdairy.com Countrymark Co-op Holding Corp. www.countrymark.com American Crystal Sugar Co. www.crystalsugar.com Ag First Farm Credit Bank www.agfirst.com Oglethorpe Power Corporation www.opc.com South Dakota Wheat Growers Assn. www.sdwg.com Affiliated Foods Midwest Co-op Inc. www.afmidwest.com MFA Incorporated www.mfaincorporated.com MD & VA Milk Producers Co-op Assn. www.mdvamilk.com Dairylea Cooperative Inc. www.dairylea.com

Ranked by Revenue in Millions of Dollars
2011 REV.
1,954 1,946 1,913 1,907 1,842 1,804 1,798 1,706 1,664 1,611 1,607 1,563 1,543 1,425 1,390 1,368 1,368 1,366 1,362 1,334

2010 REV.
1,745 1,282 1,787 2,364 1,008 1,865 1,659 1,541 1,372 1,589 1,505 1,123 1,204 1,739 1,294 1,041 1,284 1,051 1,219 1,066

2011 ASSETS
602 622 392 63,290 265 729 1,131 5,741 466 1,226 715 555 878 32,511 8,079 584 264 408 159 181

2010 ASSETS
608 887 376 65,286 187 693 1,062 5,285 398 1,201 684 417 788 33,350 6,997 473 245 358 158 156

INDUSTRY
GR AG GR FN AG HL RC EC AG AG AG AG AG FN EC AG GR AG AG AG

PRESIDENT/CEO CITY, STATE
S. Neal Berube Salt Lake City, UT Brad Oelmann Eldora, IA James Denges Franklin Park, IL Robert B. Engel Greenwood Village, CO Wally Darneille Lubbock, TX Lyle G. Heidemann Chicago, IL Sally Jewell Sumner, WA Andrew M. Serri Bismarck, ND David Fuhrmann Baraboo, WI Randy C. Papadellis Middleboro, MA Edward Mullins Carlinville, IL Charles E. Smith Indianapolis, IN David A. Berg Moorhead, MN F.A. Lowrey Columbia, SC Thomas A. Smith Tucker, GA Dale Locken Aberdeen, SD Martin W. Arter Norfolk, NE Bill Streeter Columbia, MO Jay Bryant Reston, VA Gregory I. Wickham Syracuse, NY

21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40

22 34 21 17 51 20 26 29 33 28 30 43 39 23 35 49 36 48 37 45

TOTAL REVENUE IN MILLIONS
Industry Abbreviations
AG = Agriculture GR = Grocery

$215,618
HC = Healthcare HL = Hardware and Lumber FN = Finance EC = Energy & Communication ME = Media RC = Recreation FD = Food Distribution

SU = Supply RX = Pharmetcutical Distributor

21-40

The 2012 NCB Co-op 100 List *
2011 2010 RANK RANK COOPERATIVE NAME WEBSITE
Affiliated Foods Inc. www.afiama.com Seminole Electric Cooperative www.seminole-electric.com MFA Oil Company www.mfaoil.com Farmers Cooperative Company www.fccoop.com Tri-State G&T Association www.tristatepower.com Central Electric Power Co-op, Inc. www.cepci.org Riceland Foods, Inc. www.riceland.com Associated Electric Cooperative Inc. www.aeci.org United Producers, Inc www.uproducers.com Co-alliance www.co-alliance.com Innovative Agriculture Services Co. www.innovativeagriculture.com State Employees Credit Union, Inc. www.ncsecu.org Sunkist Growers, Inc. www.sunkist.com Brazos Electric Cooperative www.brazoselectric.com N.C. Electric Membership Corp. www.ncemcs.com Nat’l Rural Util. Co-op Finance Corp. www.nrucfc.coop Staple Cotton Cooperative Corp. www.staplecotn.com Heartland Co-op www.heartlandcoop.com URM Stores www.urmstores.com Agri-Mark Inc. www.agrimark.coop

Ranked by Revenue in Millions of Dollars
2011 REV.
1,328 1,292 1,276 1,198 1,179 1,148 1,108 1,084 1,040 1,033 1,026 1,026 1,019 1,012 1,009 990 946 936 914 897

2010 REV.
1,190 1,459 1,032 780 1,212 1,167 1,132 1,055 870 760 609 976 1,013 991 1,093 1,065 643 667 903 781

2011 ASSETS
168 1,790 383 546 4,191 288 574 2,971 40 382 250 23,061 183 3,531 1,531 20,562 354 481 238 316

2010 ASSETS
152 1,845 335 330 3,794 313 480 2,852 38 256 117 21,038 190 3,226 1,538 20,143 278 201 234 268

INDUSTRY
GR EC AG AG EC EC AG EC AG SU AG FN AG EC EC FN AG AG GR AG

PRESIDENT/CEO CITY, STATE
Randy Arceneaux Amarillo, TX Timothy S. Woodbury Tampa, FL Jerry Taylor Columbia, MO Roger Koppen Farnhamville, IA Kenneth Anderson Westminster, CO Ron Calcaterra Columbia, SC Karl D. Kennedy Stuttgart, AR James J. Jura Springfield, MO Dennis Bolling Columbus, OH Kevin Still Avon, IN Jack Friedman Monticello, IA James Blaine Raleigh, NC Russ Hanlin Sherman Oaks, CA Clifton Karnei Waco, TX Rick Thomas Raleigh, NC Sheldon C. Peterson Herndon, VA Meredith Allen Greenwood, MS Larry Peterson West Des Moines, IA Dean Sonnenberg Spokane, WA Paul P. Johnston Methuen, MA

41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60

40 31 65 38 41 42 47 56 86 54 50 53 44 46 81 71 55 64

TOTAL REVENUE IN MILLIONS
Industry Abbreviations
AG = Agriculture GR = Grocery

$215,618
HC = Healthcare HL = Hardware and Lumber FN = Finance EC = Energy & Communication ME = Media RC = Recreation FD = Food Distribution

SU = Supply RX = Pharmetcutical Distributor

41-60

The 2012 NCB Co-op 100 List *
2011 2010 RANK RANK COOPERATIVE NAME WEBSITE
Old Dominion Electric Cooperative www.odec.com Select Milk Producers, Inc www.selectmilk.com Aurora Co-op Elevator Company www.auroracoop.com UNIPRO Food Service, Inc. www.uniprofoodservice.com East Kentucky Power Cooperative www.ekpc.coop Lone Star Milk Producers, Inc. www.lonestarmilk.net Snake River Sugar Company www.srcoop.com Michigan Milk Producers Assn. www.mimilk.com Farm Credit Bank of Texas www.farmcreditbank.com Great River Energy www.greatriverenergy.com Western Family Holding Company www.westernfamily.com United Dairymen of Arizona www.uda.coop Blue Diamond Growers www.bluediamond.com Independent Pharmacy Co-op, Inc. www.ipcrx.com Piggly Wiggly Alabama www.pwadc.com South Mississippi Electric Power Assn. www.smepa.coop Pentagon Federal Credit Union www.penfed.org Upstate-Niagara Cooperative, Inc. www.upstatefarms.com Wabash Valley Power Association www.wvpa.com Co-op Regions of Organic Producer Pools www.organicvalley.coop

Ranked by Revenue in Millions of Dollars
2011 REV.
892 892 882 881 878 876 876 871 871 864 828 826 825 806 773 761 737 723 721 716

2010 REV.
844 720 607 657 827 686 840 699 1,002 847 796 613 775 869 826 775 768 620 750 620

2011 ASSETS
1,574 107 427 64 3,242 97 699 167 19,642 3,557 68 131 297 143 92 1,497 15,057 217 920 180

2010 ASSETS
1,512 91 325 58 3,112 64 673 161 19,556 3,350 59 110 276 153 104 1,365 14,895 203 953 160

INDUSTRY
EC AG AG FD EC AG AG AG FN EC GR AG AG RX GR EC FN AG EC AG

PRESIDENT/CEO CITY, STATE
Jackson E. Reasor Glen Allen, VA Michael J. McCloskey Artesia, NM George Hohwieler Aurora, NE Roger Toomey Atlanta, GA Anthony Campbell Winchester, KY James Gordon Baired Windthorst, TX Victor Jaro Boise, ID Clayton Galarneau Novi, MI Larry R. Doyle Austin, TX David Saggau Maple Grove, MN Ronald King Portland, OR Keith Murfield Tempe, AZ Mark Jansen Sacramento, CA Don Anderson Sun Prairie, WI David Bullard Bessemer, AL James Compton Hattiesburg, MS Frank Pollack Alexandria, VA Bob Hall Buffalo, NY Rick Coons Indianapolis, IN George Siemon La Farge, WI

61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80

59 87 79 61 74 60 72 52 58 63 85 66 57 62 67 68 83 69 84

TOTAL REVENUE IN MILLIONS
Industry Abbreviations
AG = Agriculture GR = Grocery

$215,618
HC = Healthcare HL = Hardware and Lumber FN = Finance EC = Energy & Communication ME = Media RC = Recreation FD = Food Distribution

SU = Supply RX = Pharmetcutical Distributor

61-80

The 2012 NCB Co-op 100 List *
2011 2010 RANK RANK COOPERATIVE NAME WEBSITE
New Cooperative, Inc. www.newcoop.com ENAP, Inc. www.enap.com Tennessee Farmers Cooperative www.ourcoop.com VHA, Inc. www.vha.com Cooperative Producers, Inc. www.cpicoop.com Farmers Cooperative www.farmersco-operative.com Trupointe Cooperative www.trupointe.com Associated Grocers, Inc. www.agbr.coop Cobb EMC www.cobbemc.com Arkansas Electric Cooperative Corp. www.aecc.com Hoosier Energy Rural Electric Co-op Inc. www.hepn.com Welch Foods Inc www.nationalgrape.com PowerSouth Energy Cooperative www.powersouth.coop Associated Press www.ap.org United Farmers Cooperative www.ufcoop.com Citrus World Inc. www.floridasnatural.com Associated Grocers of Florida, Inc www.agfla.com Equity Co-op Livestock Sales Assn. www.equitycoop.com Pedernales Electric Cooperative, Inc www.pec.coop Buckeye Power, Inc www.buckeyepower.com

Ranked by Revenue in Millions of Dollars
2011 REV.
711 711 710 697 696 695 688 685 674 658 650 641 640 628 616 615 596 591 588 581

2010 REV.
524 708 567 681 641 576 677 690 584 653 659 674 631 428 576 592 509 551 549

2011 ASSETS
266 68 278 522 361 265 229 112 934 1,343 1,559 362 1,837 317 213 313 161 33 1,354 1,929

2010 ASSETS
181 55 210 486 239 192 108 928 1,242 1,373 364 1,754 521 156 296 162 29 1,278 1,809

INDUSTRY
AG HL AG HC AG AG AG GR EC EC EC AG EC ME AG AG GR AG EC EC

PRESIDENT/CEO CITY, STATE
Brent Bunte Fort Dodge, IA Steve Sallah New Windsor, NY Bart Krisle La Vergne, TN Curt Nonomaque Irving, TX Robert Fifield Hastings, NE Ron Velder Dorchester, NE Larry J. Hammond Piqua, OH J. H. Campbell, Jr. Baton Rouge, LA W. T. (Chip) Nelson III Marietta, GA Duane D. Highley Little Rock, AR J.Steven Smith Bloomington, IL Bradley C. Irwin Concord, MA Gary Smith Andalusia, AL Tom Curley New York, NY Carl Dickinson York, NE Stephen Caruso Lake Wales, FL Christopher Miller Pompano Beach, FL Charles Adami Baraboo, WI RB Sloan Johnson City, TX Anthony J. Ahern Columbus, OH

81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100

98 70 92 75 90 76 73 89 80 78 77 82 91 88 100 93 96

TOTAL REVENUE IN MILLIONS
Industry Abbreviations
AG = Agriculture GR = Grocery

$215,618
HC = Healthcare HL = Hardware and Lumber FN = Finance EC = Energy & Communication ME = Media RC = Recreation FD = Food Distribution

SU = Supply RX = Pharmetcutical Distributor

81-100

NCB Co-op 100
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* Much of the information in this report has been provided to NCB from outside sources. NCB expressly disclaims any warranties or representatives, express or implied, of any kind as to the accuracy or completeness of any of the information, facts, or opinions contained in this report. © 2012 National Consumer Cooperative Bank. All rights reserved.