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 REVENUE

Agriculture $125,598

Grocery & Food Distribution $35,468

Energy & Communications $19,956

Finance $13,728

Hardware & Lumber $8,553

Healthcare $8,050

Other $4,265

TOTAL IN MILLIONS $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 COOPERATIVE NAME 2011 2010 2011 2010 PRESIDENT/CEO

INDUSTRY
RANK RANK WEBSITE REV. REV. ASSETS ASSETS CITY, STATE
CHS Inc. Carl Casale
1 1 www.chsinc.com
36,916 25,268 12,217 8,666 AG
Saint Paul, MN
Dairy Farmers of America Rick Smith
2 4 www.dfamilk.com
13,013 9,880 2,295 2,165 AG Kansas City, MO
Land O'Lakes, Inc. Christopher J. Policinski
3 2 www.landolakesinc.com
12,849 11,146 5,438 4,885 AG
Saint Paul, MN
Wakefern Food Corp. Joseph Colalillo
4 5 www.wakfern.com
10,326 9,458 1,499 1,304 GR Keasbey, NJ

5 7 GROWMARK, Inc. 8,597 6,132 2,631 1,876 Jeff Solberg

AG
www.growmark.com Bloomington, IL
6 6 Associated Wholesale Grocers, Inc 7,767 7,252 1,132 1,024 GR Jerry Garland
www.awginc.com Kansas City, KS
7 12 Ag Processing Inc. 4,358 3,288 1,332 1,187 AG Marty Reagan
www.agp.com Omaha, NE
8 10 HealthPartners Inc. 3,859 3,578 2,290 1,893 HC Mary Brainerd
www.healthpartners.com South Bloomington, MN
9 9 Unified Grocers, Inc 3,848 3,921 924 928 GR Alfred A. Plamann
www.unifiedgrocers.com Commerce, CA
ACE Hardware Corp. Ray Griffith
10 11 www.acehardware.com
3,709 3,531 1,346 1,317 HL
Oakbrook, IL
California Dairies, Inc. Richard Cotta
11 15 www.californiadairies.com 3,639 2,963 809 678 AG
Visalia, CA
Agribank, FCB L. William York
12 8 www.agribank.com 3,532 3,975 83,137 79,772 FN
Saint Paul, MN
13 13 Group Health Cooperative 3,494 3,197 1,779 1,655 Scott Armstrong
HC
www.ghc.org Seattle, WA
14 14 Navy Federal Credit Union 3,240 3,146 46,925 44,198 FN Culter Dawson
www.navyfcu.org Merrifield, VA
15 18 Do-it-Best Corp. 2,329 2,296 699 691 HL Robert N. Taylor
www.doitbest.com Fort Wayne, IN
16 16 Associated Wholesalers, Inc. 2,287 2,471 241 252 GR J. Christopher Michael
www.awiweb.com Robesonia, PA
Nat’l Cable Television Co-op, Inc. Rich Fickile
17 19 www.cabletvcoop.org
2,229 2,103 372 353 EC
Lenexa, KS
Southern States Cooperative Thomas R. Scribner
18 25 www.southernstates.coop 2,075 1,692 545 500 AG
Richmond, VA
Darigold Jim Wegner
19 27 www.darigold.com 2,070 1,649 579 496 AG
Seattle, WA
Associated Milk Producers, Inc Ed Welch
20 24 www.ampi.com 1,979 1,709 324 287 AG
New Ulm, MN

TOTAL REVENUE IN MILLIONS $215,618

1-20
AG = Agriculture GR = Grocery HC = Healthcare HL = Hardware and Lumber FN = Finance EC = Energy & Communication
Industry Abbreviations
SU = Supply RX = Pharmetcutical Distributor ME = Media RC = Recreation FD = Food Distribution
The 2012 NCB Co-op 100 List *
Ranked by Revenue in Millions of Dollars

2011 2010 COOPERATIVE NAME 2011 2010 2011 2010 PRESIDENT/CEO

INDUSTRY
RANK RANK WEBSITE REV. REV. ASSETS ASSETS CITY, STATE
Associated Food Stores S. Neal Berube
21 22 www.afstores.com
1,954 1,745 602 608 GR
Salt Lake City, UT
United Suppliers, Inc. Brad Oelmann
22 34 www.unitedsuppliers.com 1,946 1,282 622 887 AG Eldora, IA
Central Grocers Cooperative James Denges
23 21 www.central-grocers.com 1,913 1,787 392 376 GR Franklin Park, IL
CoBank Robert B. Engel
24 17 www.cobank.com 1,907 2,364 63,290 65,286 FN Greenwood Village, CO
Plains Cotton Co-op Association Wally Darneille
25 51 www.pcca.com
1,842 1,008 265 187 AG
Lubbock, TX

26 20 True Value Corporation 1,804 1,865 729 693 HL Lyle G. Heidemann

www.truevalue.coop Chicago, IL
27 26 RC Equipment Inc. 1,798 1,659 1,131 1,062 RC Sally Jewell
www.rei.com Sumner, WA
28 29 Basin Electric Power Cooperative 1,706 1,541 5,741 5,285 EC Andrew M. Serri
www.basinelectric.com Bismarck, ND
29 33 Foremost Farms USA Cooperative 1,664 1,372 466 398 AG David Fuhrmann
www.foremostfarms.com Baraboo, WI
Ocean Spray Randy C. Papadellis
30 28 www.oceanspray.com 1,611 1,589 1,226 1,201 AG
Middleboro, MA
Prairie Farms Dairy Inc. Edward Mullins
31 30 www.prairiefarmsdairy.com 1,607 1,505 715 684 AG
Carlinville, IL
Countrymark Co-op Holding Corp. Charles E. Smith
32 43 1,563 1,123 555 417 AG Indianapolis, IN
www.countrymark.com
33 39 American Crystal Sugar Co. 1,543 1,204 878 788 AG David A. Berg
www.crystalsugar.com Moorhead, MN
34 23 Ag First Farm Credit Bank 1,425 1,739 32,511 33,350 FN F.A. Lowrey
www.agfirst.com Columbia, SC
35 35 Oglethorpe Power Corporation 1,390 1,294 8,079 6,997 EC Thomas A. Smith
www.opc.com Tucker, GA
36 49 South Dakota Wheat Growers Assn. 1,368 1,041 584 473 AG Dale Locken
www.sdwg.com Aberdeen, SD
37 36 Affiliated Foods Midwest Co-op Inc. 1,368 1,284 264 245 GR Martin W. Arter
www.afmidwest.com Norfolk, NE
38 48 MFA Incorporated 1,366 1,051 408 358 AG Bill Streeter
www.mfaincorporated.com Columbia, MO
39 37 MD & VA Milk Producers Co-op Assn. 1,362 1,219 159 158 AG Jay Bryant
www.mdvamilk.com Reston, VA
40 45 Dairylea Cooperative Inc. 1,334 1,066 181 156 AG Gregory I. Wickham
www.dairylea.com Syracuse, NY

TOTAL REVENUE IN MILLIONS $215,618

21-40
AG = Agriculture GR = Grocery HC = Healthcare HL = Hardware and Lumber FN = Finance EC = Energy & Communication
Industry Abbreviations
SU = Supply RX = Pharmetcutical Distributor ME = Media RC = Recreation FD = Food Distribution
The 2012 NCB Co-op 100 List *
Ranked by Revenue in Millions of Dollars

2011 2010 COOPERATIVE NAME 2011 2010 2011 2010 PRESIDENT/CEO

INDUSTRY
RANK RANK WEBSITE REV. REV. ASSETS ASSETS CITY, STATE
Affiliated Foods Inc. Randy Arceneaux
41 40 www.afiama.com
1,328 1,190 168 152 GR
Amarillo, TX
Seminole Electric Cooperative Timothy S. Woodbury
42 31 www.seminole-electric.com 1,292 1,459 1,790 1,845 EC Tampa, FL
MFA Oil Company Jerry Taylor
43 - www.mfaoil.com 1,276 1,032 383 335 AG Columbia, MO
Farmers Cooperative Company Roger Koppen
44 65 www.fccoop.com 1,198 780 546 330 AG Farnhamville, IA

45 38 Tri-State G&T Association 1,179 1,212 4,191 3,794 EC Kenneth Anderson

www.tristatepower.com Westminster, CO

46 41 Central Electric Power Co-op, Inc. 1,148 1,167 288 313 EC Ron Calcaterra
www.cepci.org Columbia, SC
47 42 Riceland Foods, Inc. 1,108 1,132 574 480 AG Karl D. Kennedy
www.riceland.com Stuttgart, AR
48 47 Associated Electric Cooperative Inc. 1,084 1,055 2,971 2,852 EC James J. Jura
www.aeci.org Springfield, MO
49 56 United Producers, Inc 1,040 870 40 38 AG Dennis Bolling
www.uproducers.com Columbus, OH
50 - Co-alliance 1,033 760 382 256 SU Kevin Still
www.co-alliance.com Avon, IN

51 86 Innovative Agriculture Services Co. 1,026 609 250 117 Jack Friedman
AG
www.innovativeagriculture.com Monticello, IA
State Employees Credit Union, Inc. James Blaine
52 54 www.ncsecu.org
1,026 976 23,061 21,038 FN Raleigh, NC
Sunkist Growers, Inc. Russ Hanlin
53 50 www.sunkist.com
1,019 1,013 183 190 AG
Sherman Oaks, CA
54 53 Brazos Electric Cooperative 1,012 991 3,531 3,226 EC Clifton Karnei
www.brazoselectric.com Waco, TX
55 44 N.C. Electric Membership Corp. 1,009 1,093 1,531 1,538 EC Rick Thomas
www.ncemcs.com Raleigh, NC
56 46 Nat’l Rural Util. Co-op Finance Corp. 990 1,065 20,562 20,143 FN Sheldon C. Peterson
www.nrucfc.coop Herndon, VA
57 81 Staple Cotton Cooperative Corp. 946 643 354 278 AG Meredith Allen
www.staplecotn.com Greenwood, MS
58 71 Heartland Co-op 936 667 481 201 Larry Peterson
AG
www.heartlandcoop.com West Des Moines, IA

59 55 URM Stores 914 903 238 234 Dean Sonnenberg

GR Spokane, WA
www.urmstores.com
Agri-Mark Inc. Paul P. Johnston
60 64 www.agrimark.coop
897 781 316 268 AG Methuen, MA

TOTAL REVENUE IN MILLIONS $215,618

41-60
AG = Agriculture GR = Grocery HC = Healthcare HL = Hardware and Lumber FN = Finance EC = Energy & Communication
Industry Abbreviations
SU = Supply RX = Pharmetcutical Distributor ME = Media RC = Recreation FD = Food Distribution
The 2012 NCB Co-op 100 List *
Ranked by Revenue in Millions of Dollars

2011 2010 COOPERATIVE NAME 2011 2010 2011 2010 PRESIDENT/CEO

INDUSTRY
RANK RANK WEBSITE REV. REV. ASSETS ASSETS CITY, STATE
Old Dominion Electric Cooperative Jackson E. Reasor
61 59 www.odec.com
892 844 1,574 1,512 EC
Glen Allen, VA
Select Milk Producers, Inc Michael J. McCloskey
62 - www.selectmilk.com 892 720 107 91 AG
Artesia, NM
Aurora Co-op Elevator Company George Hohwieler
63 87 www.auroracoop.com 882 607 427 325 AG
Aurora, NE
UNIPRO Food Service, Inc. Roger Toomey
64 79 www.uniprofoodservice.com 881 657 64 58 FD Atlanta, GA
East Kentucky Power Cooperative Anthony Campbell
65 61 www.ekpc.coop 878 827 3,242 3,112 EC Winchester, KY

66 74 Lone Star Milk Producers, Inc. 876 686 97 64 AG James Gordon Baired
www.lonestarmilk.net Windthorst, TX
67 60 Snake River Sugar Company 876 840 699 673 Victor Jaro
AG
www.srcoop.com Boise, ID
68 72 Michigan Milk Producers Assn. 871 699 167 161 AG Clayton Galarneau
www.mimilk.com Novi, MI
69 52 Farm Credit Bank of Texas 871 1,002 19,642 19,556 FN Larry R. Doyle
www.farmcreditbank.com Austin, TX
70 58 Great River Energy 864 847 3,557 3,350 EC David Saggau
www.greatriverenergy.com Maple Grove, MN

71 63 Western Family Holding Company 828 796 68 59 Ronald King

GR
www.westernfamily.com Portland, OR
United Dairymen of Arizona Keith Murfield
72 85 www.uda.coop
826 613 131 110 AG Tempe, AZ
Blue Diamond Growers Mark Jansen
73 66 www.bluediamond.com
825 775 297 276 AG
Sacramento, CA
Independent Pharmacy Co-op, Inc. Don Anderson
74 57 www.ipcrx.com 806 869 143 153 RX
Sun Prairie, WI
Piggly Wiggly Alabama David Bullard
75 62 www.pwadc.com 773 826 92 104 GR
Bessemer, AL
76 67 South Mississippi Electric Power Assn. 761 775 1,497 1,365 EC James Compton
www.smepa.coop Hattiesburg, MS
77 68 Pentagon Federal Credit Union 737 768 15,057 14,895 FN Frank Pollack
www.penfed.org Alexandria, VA
78 83 Upstate-Niagara Cooperative, Inc. 723 620 217 203 Bob Hall
AG
www.upstatefarms.com Buffalo, NY
Wabash Valley Power Association Rick Coons
79 69 www.wvpa.com
721 750 920 953 EC Indianapolis, IN
Co-op Regions of Organic Producer Pools George Siemon
80 84 www.organicvalley.coop
716 620 180 160 AG La Farge, WI

TOTAL REVENUE IN MILLIONS $215,618

61-80
AG = Agriculture GR = Grocery HC = Healthcare HL = Hardware and Lumber FN = Finance EC = Energy & Communication
Industry Abbreviations
SU = Supply RX = Pharmetcutical Distributor ME = Media RC = Recreation FD = Food Distribution
The 2012 NCB Co-op 100 List *
Ranked by Revenue in Millions of Dollars

2011 2010 COOPERATIVE NAME 2011 2010 2011 2010 PRESIDENT/CEO

INDUSTRY
RANK RANK WEBSITE REV. REV. ASSETS ASSETS CITY, STATE
New Cooperative, Inc. Brent Bunte
81 98 www.newcoop.com
711 524 266 181 AG
Fort Dodge, IA
ENAP, Inc. Steve Sallah
82 70 www.enap.com 711 708 68 55 HL New Windsor, NY
Tennessee Farmers Cooperative Bart Krisle
83 92 www.ourcoop.com 710 567 278 210 AG La Vergne, TN
VHA, Inc. Curt Nonomaque
84 75 www.vha.com 697 681 522 486 HC Irving, TX
Cooperative Producers, Inc. Robert Fifield
85 - www.cpicoop.com 696 641 361 239 AG Hastings, NE

86 90 Farmers Cooperative 695 576 265 192 AG Ron Velder

www.farmersco-operative.com Dorchester, NE
87 - Trupointe Cooperative 688 - 229 - Larry J. Hammond
AG
www.trupointe.com Piqua, OH
88 76 Associated Grocers, Inc. 685 677 112 108 GR J. H. Campbell, Jr.
www.agbr.coop Baton Rouge, LA
89 73 Cobb EMC 674 690 934 928 EC W. T. (Chip) Nelson III
www.cobbemc.com Marietta, GA

90 89 Arkansas Electric Cooperative Corp. 658 584 1,343 1,242 Duane D. Highley
EC
www.aecc.com Little Rock, AR
Hoosier Energy Rural Electric Co-op Inc. J.Steven Smith
91 80 www.hepn.com
650 653 1,559 1,373 EC Bloomington, IL
Welch Foods Inc Bradley C. Irwin
92 78 www.nationalgrape.com
641 659 362 364 AG Concord, MA
PowerSouth Energy Cooperative Gary Smith
93 77 www.powersouth.coop
640 674 1,837 1,754 EC
Andalusia, AL
94 82 Associated Press 628 631 317 521 ME Tom Curley
www.ap.org New York, NY

95 - United Farmers Cooperative 616 428 213 156 AG Carl Dickinson

www.ufcoop.com York, NE
96 91 Citrus World Inc. 615 576 313 296 AG Stephen Caruso
www.floridasnatural.com Lake Wales, FL
97 88 Associated Grocers of Florida, Inc 596 592 161 162 Christopher Miller
GR
www.agfla.com Pompano Beach, FL
Equity Co-op Livestock Sales Assn. Charles Adami
98 100 www.equitycoop.com
591 509 33 29 AG Baraboo, WI
Pedernales Electric Cooperative, Inc RB Sloan
99 93 www.pec.coop
588 551 1,354 1,278 EC Johnson City, TX
Buckeye Power, Inc Anthony J. Ahern
100 96 www.buckeyepower.com 581 549 1,929 1,809 EC Columbus, OH

TOTAL REVENUE IN MILLIONS $215,618

81-100
AG = Agriculture GR = Grocery HC = Healthcare HL = Hardware and Lumber FN = Finance EC = Energy & Communication
Industry Abbreviations
SU = Supply RX = Pharmetcutical Distributor ME = Media RC = Recreation FD = Food Distribution
 NCB Co-op 100
Presented by

* 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.