®

THE2018

NCBCO

-OP100

Whether it is bringing fresh, local food through a food co-op,

milk and dairy products to your table from an agricultural

cooperative, competitive financial services through a credit

union, or electricity through a rural electric co-op, cooperatives

help strengthen communities - and they have big plans for

their future.

This year’s theme for Co-op Month is “Cooperatives See the

Future” and we are highlighting how co-ops see themselves in

the future economy, continuing to make substantial impact in

the communities they serve.

For 29 years, NCB has produced the NCB Co-op 100®, highlighting

the economic impact of cooperatives across the country. The

future continues to be strong for co-ops with the top 100

cooperatives in 2017 generating $214.4 billion in revenue.

As you scan the list, you will recognize some familiar names on

the NCB Co-op 100®, and you may not have known they were a

co-op. I challenge you to learn more about co-ops and join

and/or shop co-op because cooperatives see the future to serve

you - their members and community.

Charles E. Snyder | President and CEO | National Cooperative Bank

THECO

-OP100

In releasing the NCB Co-op 100®, National Cooperative Bank proudly highlights

America’s top 100 cooperatives. These member-owned, member-controlled

businesses generated revenues of $214.4 billion in 2017.

REVENUE PRESIDENT/CEO CITY/STATECOOPERATIVE NAME#

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.

31,93514,70013,70012,9299,7047,3006,6476,0265,3893,6173,3163,2023,2002,6232,2692,1622,1302,0552,0491,8351,8201,6861,6671,6611,6031,5311,4891,4811,4341,4301,4221,4001,3891,3731,3731,3701,3321,3061,2991,2761,2451,1451,0911,0831,0791,0751,0671,0571,0181,0161,0101,0061,0001,000989974965941937902900894889884878865862856832824796778767753751737716702687674674647644615611611610610591589584579577567559525524521520506

123456789101112131415161718192021222324252627282930313233343536373839404142434445464748495051525354555657585960616263646566676869707172737475767778798081828384858687888990919293949596979899100

16,0003,8919,5091,8451,6242,3024,82690,5661,8581,320129,2118868271,7007,667104,5456659136179191453094171,69435534230460710,92822237,3199384,89947913027,9582064322246704844002733,083775131,99025,1432,0694,06260022,47214322,8593724514676176309963123213,61332,4872211853,825332133371,7961,9039312,00929617,8401121,1521,3851,8741,9206221092693092234431581,6421,716366608392241291,03214,120334288247

1) Majority of True Value shares sold to investor group in 20182) Name changed to Agtera in 20183) Name changed from South Mississippi Electric Power Association 4) Merged with Agtera in 2018

Ranked by 2017 Revenue in Millions of Dollars

NCB Co-op 100 List®

ASSETS INDUSTRYAgricultureAgricultureAgricultureGroceryGroceryAgricultureHealthcareFinanceHdw & LumberAgricultureFinanceAgricultureHdw & LumberRecreationalEnergy & CommFinanceAgricultureHdw & LumberGroceryAgricultureHdw & LumberAgricultureAgricultureAgricultureAgricultureAgriculturePharma. Dist.AgricultureEnergy & CommGroceryFinanceAgricultureEnergy & CommAgricultureAgricultureFinanceAgricultureEnergy & CommAgricultureAgricultureAgricultureAgricultureGroceryEnergy & CommFood DistributionAgricultureEnergy & CommFinanceEnergy & CommEnergy & CommAgricultureFinanceAgricultureFinanceAgricultureAgricultureAgricultureAgricultureAgricultureAgricultureAgricultureAgricultureEnergy & CommFinanceAgricultureAgricultureEnergy & CommAgricultureAgricultureAgricultureEnergy & CommEnergy & CommEnergy & CommEnergy & CommAgricultureFinanceGroceryEnergy & CommEnergy & CommEnergy & CommEnergy & CommAgricultureGroceryAgricultureAgricultureAgricultureAgricultureAgricultureEnergy & CommEnergy & CommAgriculture

Energy & CommAgricultureAgricultureAgricultureEnergy & CommFinanceCommunicationAgricultureAgriculture

Jay DebertinRick SmithBeth FordJoseph ColalilloDavid SmithJim Spradin Andrea WalshCulter DawsonJohn VenhuizenKeith SpacklerTom HalversonAndrei MikhalevskyDan StarrJerry StritzkePaul SukutJeffrey R. SwanhorstStan RyanJohn HartmannS. Neal BerubeEdward L. MullinsStephen J. SallahD. Develder/S. MeshkeDr. Michael J. McCloskeyBobby ChackoMichael DoyleJeffrey StroburgDon AndersonMark D. JansenMichael L. SmithRandy ArceneauxMichael J. LordThomas AstrupMike McInnesErnie VersluesKevin BrinkleyMark JensenRick KeithRobert HochstetlerRussell L. HanlinChris PearsonMilan KucerakGeorge SiemonRay SprinkleDavid J. TudorBob StewartCarl DickinsonLisa JohnsonSheldon C. PetersenJoe BrannanDavid SaggauCharlie E. SmithBill JohnsonJay BryantJames SchenckEd TownleyTom HauschelDan DixDanny KennedyChris VincentJohn McCreedyMark FennerLarry WebsterDennis McWhorterLeon T. AmersonMeredith AllenKen NobisAnthony CampbellMike BumgarnerKeith MurfieldRon VelderDuane D. HighleyJames ComptonPeter J. HeintzelmanMarcus HarrisKevin StillBenson PorterDavid BullardJay BartlettGary Ray RouletDonna WalkerPatrick O'LaughlinDavid A. CramerEmile BreauxRick VaughanBart KrisleDaryl LarsonDan VincentClint FallJulie C. ParsleyGary SmithDr. Robert M. BehrChris JonesBradley C. IrwinAllan ZumpfePaul OlsonChip JakinsBill CheneyGary B. PruittMark FlegenheimerChris Pearson

CHS Inc.Dairy Farmers of America Land O'Lakes, Inc. Wakefern Food Corp./ShopriteAssociated Wholesale Grocers, IncGROWMARK, Inc.HealthPartners Inc.Navy Federal Credit UnionACE Hardware Corp.Ag Processing Inc.CoBank California Dairies, Inc.Do-it-Best Corp.Recreational Equipment Inc.Basin Electric Power CooperativeAgriBank, FCB DarigoldTrue Value Company(1)

Associated Food StoresPrairie Farms Dairy Inc.LBM AdvantageAssociated Milk Producers, IncSelect Milk Producers, Inc.Ocean SprayForemost Farms USA CooperativeSouthern States Cooperative Independent Pharmacy Cooperative, Inc.Blue Diamond GrowersOglethorpe Power CorporationAffiliated Foods, Inc.State Employees' Credit Union, Inc. American Crystal Sugar Co.Tri-State G&T AssociationMFA IncorporatedPlains Cotton Co-op AssociationFCS of AmericaProducers Livestock Marketing AssociationCentral Electric Power Cooperative, Inc.Sunkist Growers, Inc.South Dakota Wheat Growers Association(2)

Landus CooperativeOrganic Valley (CROPP)URM StoresAssociated Electric Cooperative Inc. UNIPRO Foodservice, Inc.Central Valley Ag CooperativeSeminole Electric CooperativeNational Rural Utilities Cooperative Finance Corp. (CFC)North Carolina's Electric Membership Corp.Great River EnergyCountrymark Cooperative Holding CorporationFarm Credit Mid-AmericaMD & VA Milk Producers Cooperative AssociationPenFed Credit UnionAgri-Mark Inc./Cabot CreameryHeartland Co-opNew Cooperative, Inc.Riceland Foods, Inc.Aurora Cooperative Elevator CompanySnake River Sugar CompanyMFA Oil CompanyUpstate-Niagara Cooperative, Inc.Brazos Electric CooperativeAgFirst Farm Credit Bank Staple Cotton Cooperative Association Michigan Milk Producers AssociationEast Kentucky Power CooperativeUnited Producers, IncUnited Dairymen of ArizonaFarmers Cooperative Arkansas Electric Cooperative CorporationCooperative Energy, Inc.(3)

Cobb Electric Membership Corp.Old Dominion Electric CooperativeCo-AllianceBoeing Federal Credit UnionPiggly Wiggly AlabamaWabash Valley Power AssociationWestern Farmers Electric CooperativeHoosier Energy Rural Electric Co-op Inc.Buckeye Power, IncUnited CooperativeAssociated Grocers, Inc.Innovative Ag Services Co.Tennessee Farmers CooperativeBongards' CreameriesPacific Coast ProducersFirst District AssociationPedernales Electric CooperativePowerSouth Energy CooperativeFlorida's Natural Growers, Inc.Middle Tennessee Electric Membership CorporationNat'l Grape Cooperative Assn., Inc. Welch Foods, Inc.Cooperative Producers, Inc.NFO Inc.Jackson Electric Membership CorporationSchools First FCUAssociated Press, Inc.Michigan SugarNorth Central Farmers Elevator(4)

Inver Grove Heights, MNKansas City, MOArden Hills, MNKeasbey, NJKansas City, KS Bloomington, ILBloomington, MNMerrifield, VAOak Brook, ILOmaha, NEGreenwood Village, COVisalia, CAFort Wayne, INKent, WABismarck, NDSaint Paul, MNSeattle, WAChicago, ILSalt Lake City, UTEdwardsville, ILNew Windsor, NYNew Ulm, MNArtesia, NMMiddleboro, MA Baraboo, WIRichmond, VASun Prairie, WISacramento, CATucker, GAAmarillo, TXRaleigh, NCMoorhead, MNWestminster, COColumbia, MOLubbock, TXOmaha, NEOmaha, NEColumbia, SCValencia, CAAberdeen, SDAmes, IALa Farge, WISpokane, WASpringfield, MOAtlanta, GAYork, NETampa, FLDulles, VARaleigh, NCMaple Grove, MNIndianapolis, INLouisville, KYReston, VAAlexandria, VA Methuen, MAWest Des Moines, IAFort Dodge, IAStuttgart, ARAurora, NEBoise, IDColumbia, MOBuffalo, NYWaco, TXColumbia, SCGreenwood, MS Novi, MIWinchester, KYColumbus, OHTempe, AZDorchester, NELittle Rock, ARHattiesburg, MSMarietta, GAGlen Allen, VAAvon, INTukwila, WABessemer, ALIndianapolis, INAnadarko, OKBloomington, INColumbus, OHBeaver Dam, WIBaton Rouge, LAMonticello, IALaVergne, TNChanhassen, MNLodi, CALitchfield, MNJohnson City, TX Andalusia, ALLake Wales, FLMurfreesboro, TNConcord, MAHastings, NEAmes, IAJefferson, GA Santa Ana, CANew York, NYBay City, MIAberdeen, SD

TOTALS $214,439 $653,883

Electric Cooperatives: Creating a Brighter Future for Local Communities

“Across the nation, more than 900 electric cooperatives are powering local

communities and enabling economic growth. Driven by a focus on local

communities, electric cooperatives are making tomorrow’s energy possibilities

today’s reality in rural America. That’s why co-ops from Alaska to North Carolina

established the first rural microgrids, why co-ops have invested in cutting edge

carbon capture research, and why co-ops have accelerated solar energy

development faster than any other segment of the electric sector.”

~ National Rural Electric Cooperative Association

HOWCO-OPSSEE THEFUTURE

Generations To Go

“For our hundreds of farm families who banded together 100 years ago, the

next century’s success takes several generations working on and off the farm

together. We commit to care for our farm animals. To even more investment

in clean water, renewable energy and soil nutrition. And we’ll continue to

honor decades of consumer trust in our ever-better dairy products that we

craft with award-winning skill in our plants, using our milk.”

~ Cabot Creamery Cooperative

“With clear signs of increasing interest in the

cooperative model, NCBA CLUSA sees a future

where cooperatives leverage their influence and

impact through the shared resources of our

movement to engage, partner with and empower

people from all walks of life, and in particular those left behind by a shifting economy

and facing the greatest barriers to achieving this goal. We value community impact over

profit. As drivers of an economy that reflects those values, we see a future in which

people can more broadly participate in the economy and create a more sustainable

future for families, communities and future generations.”

~ Doug O’Brien, President & CEO NCBA CLUSA

®

National Cooperative Bank (NCB) provides comprehensive

banking products and services to cooperatives and other

member-owned organizations throughout the country. What

makes NCB unique is that the bank was created to address

the financial needs of an underserved market niche – people

who join together cooperatively to meet personal, social or

business needs, especially in low-income communities.

Chartered by Congress in 1978, NCB was privatized in 1981 as

a cooperatively owned financial institution and is currently

owned by more than 3,100 customer-owners, with more than

$7.5 billion in assets under management. As part of its

enabling legislation, NCB was tasked with ensuring that 35%

of the capital it deploys will benefit low-income communities.

ABOUT NCB