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The NCB Co-op 100® Report: An Overview of Top Revenue-Earning Cooperatives

On October 27, 2025, the National Cooperative Bank (NCB) unveiled its annual report, the NCB Co-op 100®, showcasing the top revenue-producing cooperative businesses in the United States for the year 2024. This report highlighted the impressive total revenue of $323 billion generated by these cooperatives, further confirming the significant impact and prominence they have within the U.S. economy.

Key Highlights of the NCB Co-op 100® Report

The NCB Co-op 100® stands out as a unique annual publication that tracks the performance of cooperative businesses across multiple sectors, offering insights into their financial health and operational success. As we dive into the specifics, it’s clear that cooperative principles are playing a vital role in delivering substantial economic contributions.

Top Producers by Sector

The report breaks down revenues by sectors, recognizing the leading cooperatives that have excelled over the past year:

Agriculture

• - CHS Inc. based in Inver Grove Heights, Minnesota, leads the way with an impressive $39.3 billion in revenue, retaining its top position from previous years.
• - Following closely is the Dairy Farmers of America, headquartered in Kansas City, Kansas, with revenues totaling $23 billion, maintaining second place.

Energy and Communications

• - Notably, the Basin Electric Power Cooperative from Bismarck, North Dakota, takes the 21st position with revenues of $2.8 billion.
• - The Oglethorpe Power Corporation, located in Tucker, Georgia, ranks 30th with $2.2 billion.

Finance

• - Among financial institutions, Navy Federal Credit Union, based in Vienna, Virginia, reported $14.5 billion in revenue, securing fourth place.
• - CoBank, headquartered in Greenwood Village, Colorado, follows closely behind at fifth place with $13.2 billion.

Grocery and Hardware

• - In the grocery sector, Wakefern Food Corporation (ShopRite) from Keasbey, New Jersey, reported $12.8 billion, earning the sixth position.
• - The hardware sector features ACE Hardware Corp. from Oak Brook, Illinois, at tenth place with $9.5 billion in revenue.

Community Impact and Future Prospects

Casey Fannon, President and CEO of the National Cooperative Bank, commented, "The NCB Co-op 100® highlights the strength, diversity, and impact of cooperative businesses across the United States. These organizations demonstrate how cooperative principles continue to drive economic success while supporting communities nationwide." This sentiment underscores the dual role of cooperatives as both economic powerhouses and vital community supporters.

Year after year, the report illustrates how the cooperative sector is not only resilient but also growing in influence, playing an important role in shaping the national and global economic landscape.

Conclusion

Released annually in October during National Co-op Month, the NCB Co-op 100® report serves as a reminder of the importance of cooperative enterprises. The NCB's mission to provide necessary financing to support the growth of cooperatives continues to resonate in underserved areas, showcasing the model's capability to spur development and uplift communities.

For those interested in exploring the full details, the complete 2025 NCB Co-op 100® report is readily accessible online, providing a deeper dive into the achievements and highlights of these remarkable cooperative organizations.