NCB is a cooperative body of America which provides creative financial solutions tailored to meet the needs of cooperatives nationwide. It has released its annual NCB Co-op 100, listing the nation’s top 100 revenue-earning cooperative businesses.
In 2010, these businesses posted revenues totaling approximately $193.8 billion. This year the NCB Co-op 100 marks its 20th anniversary, and still remains the only annual report of its kind to track the profits and success of cooperative businesses in the United States.
“The boom of cooperative organizations and the key role they play in both our national and global economy, is clearly evidenced in the growth and expansion highlighted in this year’s report,” said Charles E. Snyder, President and CEO of NCB.
Released annually in October during National Co-op Month, the NCB Co-op 100 was created by the Bank to educate and promote the importance of the cooperative sector.
This year NCB is a vocal supporter of 2012 International Year of Cooperatives initiative. The global campaign led by the UN, with the official slogan “Cooperative Enterprises Build a Better World,” is focused on educating and informing the public of the contributions cooperatives make to socio-economic development.
Cooperatives exist in a cross-section of sectors, including agriculture, grocery, hardware and lumber, finance, energy and communications, housing, and recreation among others.
These cooperatives provide over 850,000 jobs and create more than $74 billion in annual wages with revenue of nearly $500 billion.