2007 Co-op 100 - National Cooperative Bank
Transcription
2007 Co-op 100 - National Cooperative Bank
100 ® CO-OP Co-ops are good for the planet — and for people, too. C hances are that you, like millions of Americans, are playing a part in the “green” revolution. Maybe you’re recycling newspapers and aluminum cans or you’ve switched to compact fluorescent light bulbs. Perhaps you ride a bicycle, own a hybrid car or seek out locally grown produce. It’s no surprise that America’s co-ops are also doing their part to benefit and protect the environment. As member-owned and member-driven businesses, co-ops are often the first to recognize emerging American trends and values. While focusing on member needs, cooperatives also work for the sustainable development of their communities. That concern for community is one of the seven cooperative principles that drive co-ops every day. In fact, America’s cooperatives were among the first businesses to espouse environmentally friendly values back in the 1960s and 1970s, when food co-ops began cultivating “green” ideologies. Today, co-ops and their members are investing in renewable fuels, practicing sustainable farming and constructing more energy- and water-efficient offices and buildings. They’re supplying wind and biomass energy, preserving wetlands and wildlife habitat, and working to improve air quality. NCB, too, is playing its part in environmental stewardship. We are developing Bank-wide ways to make our offices and operations more environmentally friendly. At the same time, we’re developing more holistic solutions to empower underserved communities. Our goal is to create more affordable cooperative homeownership, assisted living, housing and services for the frail and elderly, and facilities for health care centers and charter schools. As the nation’s cooperatives apply their considerable power to eco-friendly programs, they’re continuing to generate the impressive revenues that help make America’s economy the strongest one in the world. In fact, in 2006, the top 100 co-ops in the country generated more than $150 billion in revenues, an increase of $11 billion over 2005. Take a closer look at this year’s NCB Co-op 100® for these member-owned powerhouses. Co-ops deliver valuable products and services, employ hundreds of thousands of Americans and benefit the world around them. It’s clear that co-ops are not only good for business and the planet — but also good for people, too. Charles E. Snyder President and Chief Executive Officer • NCB Washington, DC Energy and Communications Energy with a New Twist More than 750 energy co-op systems — or nearly 90 percent of our Nation’s electric co-ops — offer their members a green power option, according to the National Rural Electric Cooperative Association. Most co-op-owned renewable generating capacity is powered by wind or biomass, but energy co-ops, which provide power to 40 million Americans, are doing even more. As Minnesota’s second largest electric utility, Great River Energy (#59) in 2006 spent nearly $18 million on conservation and demand response programs — generating some 636 million kilowatt-hours of lifetime savings and reducing summer peaks by more than 12 percent. In addition, their everyday efforts include carbon dioxide emissions reduction and other pollution prevention; wildlife management and preservation with a focus on peregrine falcons and ospreys; prairie restoration; and a push toward renewable fuels, including wind energy, refuse-derived fuel and hydropower. 34 Florida’s Seminole Electric Cooperative (#34), is distributing compact fluorescent light bulbs, or CFLs, to their members to encourage them to switch from regular incandescent light bulbs. The switch may cost more upfront but CFLs last much longer, use much less energy and reduce greenhouse gas emissions. Agriculture Harvesting “Green” From creating new sources of energy to cleaning the air, agricultural co-ops are playing an important role in protecting the environment. The NCB Co-op 100’s® long-standing chart-topper, CHS Inc. (#1), is a perfect example. As a leading distributor of ethanol and biodiesel, two important renewable fuels, CHS Inc. has made tremendous investments in environmental projects at their fuel refineries, including $400 million recently to meet low sulfur diesel requirements. Other prime examples of leaders in the area of “green” agriculture are a growing number of dairy producers, including members of Land O’Lakes (#5) and California Dairies, Inc. (#15), which are using methane digesters to convert cow manure into energy that powers homes in many parts of the United States. In the process, they’re reducing odor and lowering carbon dioxide emissions. 14 The largest cooperative soybean processing company in the world, Ag Processing, Inc. (#14), uses Midwestern soybeans and corn to produce ethanol and biodiesel. These two renewable fuels help gasoline manufacturers comply with clean-air standards and reduce America’s dependence on foreign oil. Finance Green on Green Finance co-ops have come up with unique ways to preserve the environment. Whether it is switching to paperless systems, building green facilities or stepping up recycling programs, finance co-ops, including the 13 that appear on this list, are doing their part to protect and improve the planet. Many of the Nation’s credit unions, including Virginia-based Navy Federal Credit Union (#19), are constructing high-performance, environmentally friendly buildings under the Leadership in Energy and Environmental Design program. This nationally accepted, green-building rating system recognizes performance in sustainable site and materials selection, water savings, energy efficiency and indoor environmental quality. 58 In January 2007, State Employees’ Credit Union (SECU) (#58) partnered with NC GreenPower to support cleaner, renewable energy alternatives for North Carolina. The credit union’s community development arm will fund one kilowatt hour of renewable energy production in North Carolina for each of the 1.3 million members of SECU annually over the next four years — a commitment to renewable energy in North Carolina of more than 5.2 million kilowatt hours. Hardware and Lumber Building a Green Inventory While the five hardware and lumber co-ops on the NCB Co-op 100® generated $10 billion in revenues in 2006, they were also stocking their shelves with growing levels of “green” merchandise. 17 Do it Best Corp. (#11) works with their vendors to highlight and offer assortments of environmentally friendly products. The co-op is Energy Star-certified on their private-label compact fluorescent light bulbs and expects to have more of their private-label products certified by Energy Star in the future. True Value Company (#17) keeps their merchandising strategy in step with the tastes and interests of today’s eco-minded consumer. This well-known hardware co-op is dedicating more space to compact fluorescent light bulbs and organic gardening products, as well as continuing to stock other energysaving mainstays like fans and insulation products. Grocery Green is Good Grocery co-ops, including the 16 on this list, do their part as environmental stewards while helping independent grocers succeed in a world of big-box and club stores. Through their recycling programs, Wakefern Food Corp. (#3), with their ShopRite banner, reduces the amount of waste that enters landfills and garbage dumps. Each year, ShopRite customers reuse more than 5.5 million grocery bags through the company’s “two cents back” program. Additionally, ShopRite, the largest retailer-owned cooperative in the United States, recycles 94,000 tons of corrugated cardboard, 1,400 tons of waxed corrugated cardboard and 1,600 tons of plastic each year. The co-op promotes these programs and other ways their customers can “go green” through their customer newsletter, ShopRite Earth, which is published two times a year and distributed at their 190 stores across five states. Healthcare A Healthier Planet As consumer-governed, nonprofit healthcare systems, the co-ops on this list prove that caring for the environment can go hand-in-hand with caring for people. Take Minnesota’s HealthPartners Inc. (#13) for example. They emphasize a “green” approach and sustainable materials in their clinic projects. From HealthPartners’ choice of architectural firms, to furniture and carpet selections, to energysaving strategies and the use of native plants in landscape plans to reduce water needs, they have embedded environmental stewardship throughout their operations. 12 A big supporter of alternative means of transportation, Washington-based Group Health Cooperative (#12) encourages and supports employees who ride their bikes to work. Group Health is also building “green” as they construct new headquarters in Seattle and two new medical centers in Bellevue and Redmond that are environmentally responsible. What is a Co-op? Webster’s Dictionary defines a cooperative as “a jointly owned enterprise engaging in the production or distribution of goods or the supply of services, operated by its members for its mutual benefit.” But to one-in-four Americans, a cooperative is much 38 more. It may be the child care center where our children spend each day, or the credit union where we seek competitive banking services. It may be the building where we live, or our energy provider, or the most competitive way for farmers to sell crops in the global marketplace. Cooperatives are an American institution. Fully integrated into our lives, they represent a broad cross- section of people and businesses. More than 120 million Americans are members of a co-op. At its California citrus products plant, Sunkist Grow ers, Sunk ist Gro wer s, Inc. (#38) recently added a treatment facility that allows large quantities of wastewater to be discharged in an environmentally friendly way. This prevents possible ground or surface water contamination. Today, there are some 47,000 cooperative businesses. They can be found in urban, suburban and rural areas, and in nearly every industry: agriculture, grocery, hardware and lumber, energy and communications, healthcare, purchasing, finance and more. In the United States, more than 1.2 million families of all income levels live in homes owned and operated through cooperative associations. Owned by the members they serve, each co-op is democratically governed. America’s co-ops provide hundreds of thousands of jobs and maintain close ties to the communities they serve. Each operates for the benefit of their members and is governed by a board of directors elected from the membership to set the co-op’s policies. And each co-op is there to help members increase their power; co-op members can buy, sell, market or bargain as one group. Co-ops share in economies of scale — and in any profits they may generate. The top 100 co-ops featured in this report have combined revenues of more than $150 billion. Some are even FORTUNE 500 companies. But there are many more cooperatives that don’t appear on the NCB Co-op 100®. Some co-ops serve only a handful of members. But whatever their size, all co-ops share a fundamental goal: to unite people to meet a common need. Wherever there is that need, and people willing to work together to fill it, co-ops exist. North Dakota’s Basin Electric Power Cooperative (#71), which distributes electricity to 2.5 million consumers, is a recognized leader of wind energy development in the upper Midwest. In 2006, the U.S. Department of Energy’s National Renewable Energy Laboratory ranked Basin Electric sixth in the country in renewable energy sales among utilities with green power programs. 71 The Cooperative 7 Principles Co-ops worldwide operate using these seven principles: 1Voluntary and Open Membership 2Democratic Member Control 3Member Economic Participation 4Autonomy and Independence 5Education, Training and Information 6Cooperation Among Cooperatives 7Concern for Community 52 Associated Electric Cooperative, Inc. (#52) received a national award in 2007 for reclaiming mined land in Missouri. The former Bee Veer mine site is now fields, woods and wetlands, thanks to Associated Electric. The grass is high for cattle grazing, turkey and deer are back, and the fishing is good. Purchasing Co-ops: Wielding market power for Main Street independents One co-op sector that wields great market power is the purchasing cooperative. Like other types of co-ops, purchasing co-ops are businesses whose owner-members have joined together to increase the performance and competitiveness of their organizations. Purchasing co-ops can be found across America’s business landscape. Today, there are about 250 purchasing co-ops in the country, all helping Main Street’s local businesses survive and prosper. Owned and governed by independent business owners, purchasing cooperatives do many things for their members. They negotiate prices with vendors. They purchase supplies or inputs, and often offer private labeling or product branding. They provide joint advertising and marketing, and they warehouse products. We would like to see more purchasing co-ops on the NCB Co-op 100®. If you’re a purchasing co-op, please send your latest financial statement on the goods and services negotiated on behalf of your members to Barry Silver at [email protected]. Join America’s top co-ops in well-deserved recognition on the NCB Co-op 100®. Purchasing CO-OPS COOPERATIVE NEGOTIATED SALES 2006 INDUSTRY PRESIDENT/CEO VHA, Inc. 22,900 Hospital Supply CCA Global Partners Independent Pharmacy Cooperative 10,200 Retail Carpeting Pharmaceutical Foodservice Electrical Foodservice Metal Flooring A/C & Heating System Higher Education Products & Supplies Drywall Roofing & Siding Newspaper Supplies and Services Marine Equipment Heavy Duty Truck Parts Tool and Fastener Grocery 5,700 Unified Foodservice Purchasing Co-op IMARK Group, Inc. Restaurant Services, Inc. North American Steel Alliance Starnet Commercial Flooring, Inc. Johnstone Supply Educational & Institutional Cooperative Service, Inc. AMAROK Nemeon Page Cooperative Independent Boat Builders, Inc. HDA Parts Network Sphere 1 National Cooperative Grocers Association TOTAL DOLLARS IN MILLIONS 4,404 3,300 2,700 1,810 1,460 825 662 550 432 304 300 297 260 227 Curtis W. Nomonaque Howard Brodsky & Alan Greenberg Steve Niebauer Daniel E. Woodside Steve Cunningham George Hoffman Lonnie Terry Jeanne Matson Gary Daniels Thomas Fitzgerald Jeff Jenkins Tony Cogliandro Chuck Berky Tom Broy Pat Biermann Carol Shackelford Robynn Shrader CITY Irving TX Manchester Sun Prairie Louisville Oxon Hill Coral Gables Elgin Ridgefield Portland Jericho Phoenix Phoenix King of Prussia Benton Earth City Yorba Linda Iowa City NH WI KY MD FL IL CT OR NY AZ AZ PA IL MO CA IA $ 56,331 Industry Sectors (by Revenue) The NCB Co-op 100® is a listing of the top revenue generating cooperatives in America during fiscal year 2006. Industries within the report include agriculture, finance, franchise, energy and communications, hardware and lumber, healthcare, recreation, media, foodservice distribution and grocery. However, this report is just a small sampling of the industry sectors that are served by cooperatives across the country.* *Much of the information in this report has been provided to NCB from outside sources. NCB expressly disclaims any warranties or representations, express or implied, of any kind as to the accuracy or completeness of any of the information, facts or opinions contained in this report. $70 Billion $65.2 Billion 60 50 40 $32.8 Billion 30 $18.1 Billion 20 $15.7 Billion $10.3 Billion 10 $8.7 Billion 0 38 Agriculture Co-ops 16 Grocery Co-ops 13 Finance Co-ops 21 5 Energy and Hardware Communications and Lumber Co-ops Co-ops STATE 7 Other Co-ops ncb CO-OP 100 RANKED BY REVENUE DOLLARS IN MILLIONS TOTAL ASSETS REVENUE ‘06 ‘05 COOPERATIVE 1 1 2 2 CHS Inc. www.chsinc.coop Dairy Farmers of America 2006 2005 2006 2005 INDUSTRY PRESIDENT/CEO CITY STATE 14,384 11,927 4,943 4,727 Agriculture John D. Johnson St. Paul MN 7,899 8,909 2,427 2,449 Agriculture Richard Smith Kansas City MO www.wakefern.coop 7,494 7,239 1,214 1,240 Grocery Dean Janeway Elizabeth NJ Grocery Steven K. Lauer Skokie IL Agriculture Chris Policinski St. Paul MN Grocery Gary Phillips Kansas City KS Ray A. Griffith Oakbrook IL IL www.dfamilk.com Wakefern Food Corp. 3 4 4 5 TOPCO Associates LLC www.topco.com 7,347 5,600 339 257 3 Land O’Lakes, Inc. 7,275 7,557 3,055 3,095 6 Associated Wholesale Grocers 4,963 4,925 740 703 7 Ace Hardware Corp. 10 GROWMARK, Inc. 12 Agribank, FCB 8 Unified Western Grocers, Inc. 9 Do it Best Corp. 14 Group Health Cooperative 15 HealthPartners Inc. 14 13 Ag Processing, Inc. 15 11 California Dairies, Inc. 19 CoBank 17 True Value Company 27 U.S. Central Credit Union 19 20 5 6 7 8 9 10 11 www.landolakesinc.coop www.awginc.com www.acehardware.com www.growmark.com www.agribank.com www.uwgrocers.com 3,770 3,541 1,324 1,336 Hardware and Lumber 3,600 2,755 1,098 979 Agriculture Bill Davisson Bloomington 3,262 2,477 53,506 45,912 Finance L. William York St. Paul MN 2,954 2,867 708 Grocery Alfred A. Plamann Commerce CA Hardware and Lumber Bob Taylor Fort Wayne IN 717 2,952 2,855 778 679 2,584 2,320 1,530 1,168 Healthcare Scott Armstrong Seattle WA 2,550 2,291 1,354 1,094 Healthcare Mary K. Brainerd South Bloomington MN 2,361 2,348 883 870 Agriculture Martin Reagan Omaha NE 2,333 2,541 511 598 Agriculture Richard Cotta Visalia CA 2,218 1,581 41,379 33,835 Finance Robert B. Engel Greenwood Village CO 2,050 2,043 Hardware and Lumber Lyle G. Heidemann Chicago IL www.uscentral.coop 1,948 1,224 43,358 36,608 Finance Francis Lee Lenexa KS 18 Navy Federal Credit Union 1,922 1,612 27,122 24,644 Finance Cutler Dawson Merrifield VA 26 Ag First Farm Credit Bank 1,729 1,255 26,761 22,775 Finance F. A. Lowrey Columbia SC 21 25 National Cable Television Cooperative, Inc. 1,634 1,278 281 219 Energy and Communications Jeff Abbas Shawnee Mission KS 22 21 Southern States Cooperative 1,592 1,438 403 448 Agriculture Thomas R. Scribner Richmond VA 1,500 1,148 23,258 21,451 Finance Darryl W. Rhodes Wichita KS 12 13 16 17 18 www.doitbest.com www.ghc.org www.healthpartners.coop www.agp.com www.californiadairies.com www.cobank.com www.truevalue.coop www.navyfcu.org www.agfirst.com www.cabletvcoop.org www.southernstates.coop 686 752 23 31 U.S. AgBank, FCB 24 20 Darigold 1,454 1,459 316 317 Agriculture John Underwood Seattle WA 23 Associated Food Stores 1,442 1,397 376 369 Grocery Richard A. Parkinson Salt Lake City UT 1,371 1,354 305 202 Agriculture Woods Eastland Greenwood MS Finance Robert Siravo San Dimas CA 25 26 27 28 24 48 28 www.usagbank.com www.darigold.com www.afstores.coop Staplcotn www.staplcotn.com WesCorp FCU www.wescorp.org Prairie Farms Dairy Inc. www.prairiefarmsdairy.com Associated Wholesalers, Inc. 29 32 30 39 Plains Cotton Co-op Association 22 Foremost Farms USA Cooperative 36 Ocean Spray 41 Recreational Equipment Inc. 37 Seminole Electric Cooperative 35 29 Associated Milk Producers, Inc. 36 33 Affiliated Foods Inc. 37 30 Oglethorpe Power Corporation 38 43 Sunkist Growers, Inc. 39 35 Central Grocers Cooperative 40 34 Dairylea Cooperative Inc. 41 42 Affiliated Foods Midwest Co-op Inc. 42 40 Cooperative Finance Corporation (NRUCFC) 43 61 Farm Credit Bank of Texas 44 46 American Crystal Sugar Co. 44 ENAP, Inc. 31 32 33 34 45 46 45 www.awiweb.com www.pcca.com www.foremostfarms.com www.oceanspray.com www.rei.com www.seminole.coop www.ampi.com www.afiama.com www.opc.com www.sunkist.coop www.central-grocers.com www.dairylea.coop www.afmidwest.com www.nrucfc.coop www.farmcreditbank.com www.crystalsugar.com www.enap.com MFA Incorporated www.mfaincorporated.com 47 49 North Carolina Electric Membership Corp. 48 51 MD & VA Milk Producers Cooperative Association 47 Riceland Foods, Inc. 49 www.ncemcs.coop www.mdvamilk.com www.riceland.com 1,345 904 29,141 25,698 1,341 1,220 532 500 Agriculture Ed Mullins Carlinville IL 1,287 1,136 476 163 Grocery J. Christopher Michael Robesonia PA 1,252 1,033 247 201 Agriculture Wallace L. Darneille Lubbock TX 1,246 1,419 343 344 Agriculture David E. Fuhrmann Baraboo WI 1,209 1,093 890 892 Agriculture Randy Papadellis Middleboro MA 1,182 1,022 675 590 Sally Jewell Sumner WA 1,173 1,080 1,411 1,314 Recreational Energy and Communications Richard J. Midulla Tampa FL 1,137 1,251 244 255 Agriculture Mark Furth New Ulm MN 1,137 1,133 131 132 205 169 Agriculture Timothy J. Lindgren Sherman Oaks CA 1,109 1,103 204 190 Grocery Joseph Caccamo Franklin Park IL 1,082 1,124 123 134 Agriculture Gregory I. Wickham Syracuse NY 1,044 1,015 139 141 Grocery Martin Arter Norfolk NE 1,008 1,026 19,180 20,060 Finance Sheldon C. Petersen Herndon VA 1,008 691 15,987 13,212 Finance Larry R. Doyle Austin TX 1,006 966 774 Agriculture James J. Horvath Moorhead MN Hardware and Lumber Russell Kennedy New Windsor NY 840 973 1,011 65 72 931 969 338 332 911 874 1,307 1,181 895 852 166 122 883 909 462 412 1,287 51 53 878 775 289 249 52 50 Associated Electric Cooperative, Inc. 865 873 1,822 1,704 53 54 Tri-State G&T Association 846 758 2,376 2,125 54 52 United Suppliers, Inc. 829 852 338 333 57 Old Dominion Electric Cooperative 55 URM Stores 55 56 www.odec.com www.urmstores.com 58 Central Electric Power Cooperative 70 State Employees Credit Union, Inc. 59 59 Great River Energy 60 66 Associated Grocers, Inc. 61 62 Piggly Wiggly Alabama 62 56 63 64 57 GA 1,005 1,494 www.unitedsuppliers.com Tucker 1,111 793 www.tristatepower.coop Thomas A. Smith 4,827 881 www.aeci.org TX 4,902 Countrymark Cooperative Holding Corporation www.countrymark.com Amarillo 1,170 Brazos Electric Cooperative www.brazoselectric.com George Lankford 1,129 — 50 Agriculture Energy and Communications Agriculture Don Copenhaver Columbia MO Energy and Communications Rick Thomas Raleigh NC Agriculture R. Steven Graybeal Reston VA Agriculture Daniel Kennedy Stuttgart AR Energy and Communications Ronnie Robinson Waco TX Agriculture Charles Smith Indianapolis IN Energy and Communications Energy and Communications James J. Jura Springfield MO J.M. Shafer Westminster CO Agriculture Maurice L. Hyde Eldora IA Energy and Communications Jackson E. Reasor Glen Allen VA 818 738 1,627 1,712 799 756 207 202 Grocery Dean Sonnenberg Spokane WA 173 Energy and Communications Ron Calcaterra Columbia SC 775 725 726 600 13,632 12,706 Finance James Blaine Raleigh NC 710 713 1,981 1,817 Energy and Communications David Saggau Elk River MN 707 636 102 93 Grocery Joseph H. Campbell Jr. Baton Rouge LA 700 668 81 79 Grocery Dennis T. Stewart Bessemer AL Agri-Mark Inc. 683 750 210 247 Agriculture Paul P. Johnston Methuen MA 63 Associated Press www.ap.org 680 654 448 467 Media Thomas Curley New York NY 69 Blue Diamond Growers 675 615 270 198 Agriculture Douglas D. Youngdahl Sacramento CA 65 — Southeast Milk, Inc. www.southeastmilk.org 674 754 93 76 Agriculture P. Joseph Wright Belleview FL 66 — Certified Grocers Midwest, Inc. www.certisaver.com 658 671 120 120 Grocery Kenneth R. Koester Hodgkins IL 65 Western Family Holding Company 655 642 50 53 Grocery Ronald S. King Portland OR Energy and Communications Bob Marshall Winchester KY Grocery John R. Mills Little Rock AR James Compton Hattiesburg MS Ron R. Harper Bismarck ND Gary L. Smith Andalusia AL Gary Voight Little Rock AR 58 67 68 69 www.ncsecu.coop www.greatriverenergy.com www.agbr.coop www.pwadc.com www.agrimark.coop www.bluediamond.coop www.westernfamily.com 194 67 East Kentucky Power Cooperative, Inc. 651 631 2,030 1,688 64 Affiliated Foods Southwest 639 652 180 181 www.ekpc.coop www.affiliatedfoods.com Energy and Communications Energy and Communications Energy and Communications Energy and Communications 70 77 South Mississippi Electric Power Association 637 546 1,017 1,002 71 72 Basin Electric Power Cooperative 629 580 2,850 2,534 72 82 Alabama Electric Cooperative, Inc. 629 523 1,217 1,127 73 83 Arkansas Electric Cooperative Corporation, Inc. 620 518 1,108 1,130 74 78 The Amalgamated Sugar Company LLC 618 543 652 707 Agriculture Ralph Burton Boise ID 75 73 National Grape Cooperative Association, Inc. 600 578 405 384 Agriculture Randolph H. Graham Westfield NY 76 76 UNIPRO Food Service, Inc. 591 549 63 60 Foodservice Distribution Roger Toomey Atlanta GA 77 71 Associated Grocers of Florida, Inc. 583 588 167 106 Grocery Calvin J. Miller Miami FL 78 74 WIS-PAK 572 577 148 137 Franchise Barbara Parish Watertown WI 79 — Wabash Valley Power Association 569 490 488 499 Energy and Communications Rick D. Coons Indianapolis IN 80 85 VHA, Inc. 555 503 356 250 Healthcare Curtis W. Nomonaque Irving TX 81 91 Pentagon Federal Credit Union 546 449 9,340 8,091 Finance Frank R. Pollack Alexandria VA 75 Michigan Milk Producers 522 568 78 82 Agriculture Ken Nobis Novi MI 520 362 143 106 Hardware and Lumber Gary Daniels Portland OR 513 479 178 183 Agriculture Vernon L. Glover La Vergne TN Citrus World Inc. 510 526 259 253 Agriculture Stephen Caruso Lake Wales FL Equity Co-op Livestock Sales Association 502 508 30 35 Agriculture Charles Adami Baraboo WI Upstate-Niagara Cooperative, Inc. 500 460 — — Agriculture Robert Hall Buffalo NY Energy and Communications W.W. “Bud” Burnett Johnson City TX 82 www.smepa.coop www.basinelectric.coop www.powersouth.coop www.aecc.com www.amalgamatedsugar.com www.nationalgrape.com www.uniprofoodservice.com www.agfla.com www.wis-pak.com www.wvpa.com www.vha.com www.penfed.org www.mimilk.com Supply 83 100 Johnstone www.johnstonesupply.com 84 90 Tennessee Farmers Cooperative www.ourcoop.com 85 81 86 84 87 — www.floridasnatural.com www.equitycoop.com www.upstatefarmscoop.com Pedernales Electric Cooperative, Inc. 499 414 1,044 973 80 United Dairymen of Arizona www.uda.coop 488 539 73 78 Agriculture Keith Murfield Tempe AZ 90 93 Key Food Stores Cooperative Inc. 456 429 56 54 Grocery Richard Pallito Staten Island NY 91 68 Lone Star Milk Producers, Inc. 451 630 63 64 Agriculture James Gordon Baird Windthorst TX 92 — BECU 448 356 7,187 6,138 Finance Gary J. Oakland Tukwila WA 93 89 Hoosier Energy Rural Electric Co-op Inc. 441 480 1,042 1,015 J. Steven Smith Bloomington IN 94 — Golden Spread Electric Cooperative, Inc. 436 481 341 356 Energy and Communications Energy and Communications Robert W. Bryant Amarillo TX 95 92 South Dakota Wheat Growers Association 435 447 177 157 Agriculture Dale Locken Aberdeen SD 428 483 84 64 Agriculture Rich Scheuerman Waupan WI 94 Swiss Valley Farms 410 417 138 127 Agriculture J. Gordon Toyne & Donald Boelens Davenport IA 98 — Western Farmers Electric Cooperative www.wfec.com 406 344 824 792 Gary R. Roulet Anadarko OK 99 97 Jackson Electric Membership Corporation www.jacksonemc.com 404 386 673 650 Energy and Communications Energy and Communications Randall Pugh Jefferson GA — The Golden 1 Credit Union 390 360 6,179 6,181 Teresa A. Halleck Sacramento CA 88 95 89 96 97 100 88 www.pec.coop www.keyfood.coop www.lonestarmilk.com www.becu.coop www.hepn.coop www.gsec.coop www.sdwg.com Alto Dairy Cooperative www.alto.coop www.swissvalley.com www.golden1.com TOTAL DOLLARS IN MILLIONS $150,744 $139,316 $380,596 $337,995 Finance ® ncb CO-OP 100 RANKED BY REVENUE DOLLARS IN MILLIONS TOTAL ASSETS REVENUE ‘06 ‘05 COOPERATIVE 1 1 2 2 CHS Inc. www.chsinc.coop Dairy Farmers of America 2006 2005 2006 2005 INDUSTRY PRESIDENT/CEO CITY STATE 14,384 11,927 4,943 4,727 Agriculture John D. Johnson St. Paul MN 7,899 8,909 2,427 2,449 Agriculture Richard Smith Kansas City MO www.wakefern.coop 7,494 7,239 1,214 1,240 Grocery Dean Janeway Elizabeth NJ Agriculture Chris Policinski St. Paul MN www.dfamilk.com Wakefern Food Corp. 3 4 4 3 Land O’Lakes, Inc. 7,275 7,557 3,055 3,095 5 TOPCO Associates LLC www.topco.com 7,347 5,600 339 257 Grocery Steven K. Lauer Skokie IL 6 Associated Wholesale Grocers 4,963 4,925 740 703 Grocery Gary Phillips Kansas City KS 7 Ace Hardware Corp. Ray A. Griffith Oakbrook IL 10 GROWMARK, Inc. IL 12 Agribank, FCB 8 Unified Western Grocers, Inc. 9 Do it Best Corp. 14 Group Health Cooperative 15 HealthPartners Inc. 14 13 Ag Processing, Inc. 15 11 California Dairies, Inc. 19 CoBank 17 True Value Company 27 U.S. Central Credit Union 19 20 5 6 7 8 9 10 11 www.landolakesinc.coop www.awginc.com www.acehardware.com www.growmark.com www.agribank.com www.uwgrocers.com 3,770 3,541 1,324 1,336 Hardware and Lumber 3,600 2,755 1,098 979 Agriculture Bill Davisson Bloomington 3,262 2,477 53,506 45,912 Finance L. William York St. Paul MN 2,954 2,867 708 Grocery Alfred A. Plamann Commerce CA Hardware and Lumber Bob Taylor Fort Wayne IN 717 2,952 2,855 778 679 2,584 2,320 1,530 1,168 Healthcare Scott Armstrong Seattle WA 2,550 2,291 1,354 1,094 Healthcare Mary K. Brainerd South Bloomington MN 2,361 2,348 883 870 Agriculture Ernesto Vogeler Omaha NE 2,333 2,541 511 598 Agriculture Richard Cotta Visalia CA 2,218 1,581 41,379 33,835 Finance Robert B. Engel Greenwood Village CO 2,050 2,043 Hardware and Lumber Lyle G. Heidemann Chicago IL www.uscentral.coop 1,948 1,224 43,358 36,608 Finance Francis Lee Lenexa KS 18 Navy Federal Credit Union 1,922 1,612 27,122 24,644 Finance Cutler Dawson Merrifield VA 26 Ag First Farm Credit Bank 1,729 1,255 26,761 22,775 Finance F. A. Lowrey Columbia SC 21 25 National Cable Television Cooperative, Inc. 1,634 1,278 281 219 Energy and Communications Jeff Abbas Shawnee Mission KS 22 21 Southern States Cooperative 1,592 1,438 403 448 Agriculture Thomas R. Scribner Richmond VA 1,500 1,148 23,258 21,451 Finance Darryl W. Rhodes Wichita KS 12 13 16 17 18 www.doitbest.com www.ghc.org www.healthpartners.coop www.agp.com www.californiadairies.com www.cobank.com www.truevalue.coop www.navyfcu.org www.agfirst.com www.cabletvcoop.org www.southernstates.coop 686 752 23 31 U.S. AgBank, FCB 24 20 Darigold 1,454 1,459 316 317 Agriculture John Underwood Seattle WA 23 Associated Food Stores 1,442 1,397 376 369 Grocery Richard A. Parkinson Salt Lake City UT 1,371 1,354 305 202 Agriculture Woods Eastland Greenwood MS Finance Robert Siravo San Dimas CA 25 26 27 28 24 48 28 www.usagbank.com www.darigold.com www.afstores.coop Staplcotn www.staplcotn.com WesCorp FCU www.wescorp.org Prairie Farms Dairy Inc. www.prairiefarmsdairy.com Associated Wholesalers, Inc. 29 32 30 39 Plains Cotton Co-op Association 22 Foremost Farms USA Cooperative 36 Ocean Spray 41 Recreational Equipment Inc. 37 Seminole Electric Cooperative 35 29 Associated Milk Producers, Inc. 36 33 Affiliated Foods Inc. 37 30 Oglethorpe Power Corporation 38 43 Sunkist Growers, Inc. 39 35 Central Grocers Cooperative 40 34 Dairylea Cooperative Inc. 41 42 Affiliated Foods Midwest Co-op Inc. 42 40 Cooperative Finance Corporation (NRUCFC) 43 61 Farm Credit Bank of Texas 44 46 American Crystal Sugar Co. 44 ENAP, Inc. 31 32 33 34 45 46 45 www.awiweb.com www.pcca.com www.foremostfarms.com www.oceanspray.com www.rei.com www.seminole.coop www.ampi.com www.afiama.com www.opc.com www.sunkist.coop www.central-grocers.com www.dairylea.coop www.afmidwest.com www.nrucfc.coop www.farmcreditbank.com www.crystalsugar.com www.enap.com MFA Incorporated www.mfaincorporated.com 47 49 North Carolina Electric Membership Corp. 48 51 MD & VA Milk Producers Cooperative Association 47 Riceland Foods, Inc. 49 www.ncemcs.coop www.mdvamilk.com www.riceland.com 1,345 904 29,141 25,698 1,341 1,220 532 500 Agriculture Ed Mullins Carlinville IL 1,287 1,136 476 163 Grocery J. Christopher Michael Robesonia PA 1,252 1,033 247 201 Agriculture Wallace L. Darneille Lubbock TX 1,246 1,419 343 344 Agriculture David E. Fuhrmann Baraboo WI 1,209 1,093 890 892 Agriculture Randy Papadellis Middleboro MA 1,182 1,022 675 590 Sally Jewell Sumner WA 1,173 1,080 1,411 1,314 Recreational Energy and Communications Richard J. Midulla Tampa FL 1,137 1,251 244 255 Agriculture Mark Furth New Ulm MN 1,137 1,133 131 132 205 169 Agriculture Timothy J. Lindgren Sherman Oaks CA 1,109 1,103 204 190 Grocery Joseph Caccamo Franklin Park IL 1,082 1,124 123 134 Agriculture Gregory I. Wickham Syracuse NY 1,044 1,015 139 141 Grocery Martin Arter Norfolk NE 1,008 1,026 19,180 20,060 Finance Sheldon C. Petersen Herndon VA 1,008 691 15,987 13,212 Finance Larry R. Doyle Austin TX 1,006 966 774 Agriculture James J. Horvath Moorhead MN Hardware and Lumber Russell Kennedy New Windsor NY 840 973 1,011 65 72 931 969 338 332 911 874 1,307 1,181 895 852 166 122 883 909 462 412 1,287 51 53 878 775 289 249 52 50 Associated Electric Cooperative, Inc. 865 873 1,822 1,704 53 54 Tri-State G&T Association 846 758 2,376 2,125 54 52 United Suppliers, Inc. 829 852 338 333 57 Old Dominion Electric Cooperative 55 URM Stores 55 56 www.odec.com www.urmstores.com 58 Central Electric Power Cooperative 70 State Employees Credit Union, Inc. 59 59 Great River Energy 60 66 Associated Grocers, Inc. 61 62 Piggly Wiggly Alabama 62 56 63 64 57 GA 1,005 1,494 www.unitedsuppliers.com Tucker 1,111 793 www.tristatepower.coop Thomas A. Smith 4,827 881 www.aeci.org TX 4,902 Countrymark Cooperative Holding Corporation www.countrymark.com Amarillo 1,170 Brazos Electric Cooperative www.brazoselectric.com George Lankford 1,129 — 50 Agriculture Energy and Communications Agriculture Don Copenhaver Columbia MO Energy and Communications Rick Thomas Raleigh NC Agriculture R. Steven Graybeal Reston VA Agriculture Daniel Kennedy Stuttgart AR Energy and Communications Ronnie Robinson Waco TX Agriculture Charles Smith Indianapolis IN Energy and Communications Energy and Communications James J. Jura Springfield MO J.M. Shafer Westminster CO Agriculture Maurice L. Hyde Eldora IA Energy and Communications Jackson E. Reasor Glen Allen VA 818 738 1,627 1,712 799 756 207 202 Grocery Dean Sonnenberg Spokane WA 173 Energy and Communications Ron Calcaterra Columbia SC 775 725 726 600 13,632 12,706 Finance James Blaine Raleigh NC 710 713 1,981 1,817 Energy and Communications David Saggau Elk River MN 707 636 102 93 Grocery Joseph H. Campbell Jr. Baton Rouge LA 700 668 81 79 Grocery Dennis T. Stewart Bessemer AL Agri-Mark Inc. 683 750 210 247 Agriculture Paul P. Johnston Methuen MA 63 Associated Press www.ap.org 680 654 448 467 Media Thomas Curley New York NY 69 Blue Diamond Growers 675 615 270 198 Agriculture Douglas D. Youngdahl Sacramento CA 65 — Southeast Milk, Inc. www.southeastmilk.org 674 754 93 76 Agriculture P. Joseph Wright Belleview FL 66 — Certified Grocers Midwest, Inc. www.certisaver.com 658 671 120 120 Grocery Kenneth R. Koester Hodgkins IL 65 Western Family Holding Company 655 642 50 53 Grocery Ronald S. King Portland OR Energy and Communications Bob Marshall Winchester KY Grocery John R. Mills Little Rock AR James Compton Hattiesburg MS Ron R. Harper Bismarck ND Gary L. Smith Andalusia AL Gary Voight Little Rock AR 58 67 68 69 www.ncsecu.coop www.greatriverenergy.com www.agbr.coop www.pwadc.com www.agrimark.coop www.bluediamond.coop www.westernfamily.com 194 67 East Kentucky Power Cooperative, Inc. 651 631 2,030 1,688 64 Affiliated Foods Southwest 639 652 180 181 www.ekpc.coop www.affiliatedfoods.com Energy and Communications Energy and Communications Energy and Communications Energy and Communications 70 77 South Mississippi Electric Power Association 637 546 1,017 1,002 71 72 Basin Electric Power Cooperative 629 580 2,850 2,534 72 82 Alabama Electric Cooperative, Inc. 629 523 1,217 1,127 73 83 Arkansas Electric Cooperative Corporation, Inc. 620 518 1,108 1,130 74 78 The Amalgamated Sugar Company LLC 618 543 652 707 Agriculture Ralph Burton Boise ID 75 73 National Grape Cooperative Association, Inc. 600 578 405 384 Agriculture Randolph H. Graham Westfield NY 76 76 UNIPRO Food Service, Inc. 591 549 63 60 Foodservice Distribution Roger Toomey Atlanta GA 77 71 Associated Grocers of Florida, Inc. 583 588 167 106 Grocery Calvin J. Miller Miami FL 78 74 WIS-PAK 572 577 148 137 Franchise Barbara Parish Watertown WI 79 — Wabash Valley Power Association 569 490 488 499 Energy and Communications Rick D. Coons Indianapolis IN 80 85 VHA, Inc. 555 503 356 250 Healthcare Curtis W. Nomonaque Irving TX 81 91 Pentagon Federal Credit Union 546 449 9,340 8,091 Finance Frank R. Pollack Alexandria VA 75 Michigan Milk Producers 522 568 78 82 Agriculture Ken Nobis Novi MI 520 362 143 106 Hardware and Lumber Gary Daniels Portland OR 513 479 178 183 Agriculture Vernon L. Glover La Vergne TN Citrus World Inc. 510 526 259 253 Agriculture Stephen Caruso Lake Wales FL Equity Co-op Livestock Sales Association 502 508 30 35 Agriculture Charles Adami Baraboo WI Upstate-Niagara Cooperative, Inc. 500 460 — — Agriculture Robert Hall Buffalo NY Energy and Communications W.W. “Bud” Burnett Johnson City TX 82 www.smepa.coop www.basinelectric.coop www.powersouth.coop www.aecc.com www.amalgamatedsugar.com www.nationalgrape.com www.uniprofoodservice.com www.agfla.com www.wis-pak.com www.wvpa.com www.vha.com www.penfed.org www.mimilk.com Supply 83 100 Johnstone www.johnstonesupply.com 84 90 Tennessee Farmers Cooperative www.ourcoop.com 85 81 86 84 87 — www.floridasnatural.com www.equitycoop.com www.upstatefarmscoop.com Pedernales Electric Cooperative, Inc. 499 414 1,044 973 80 United Dairymen of Arizona www.uda.coop 488 539 73 78 Agriculture Keith Murfield Tempe AZ 90 93 Key Food Stores Cooperative Inc. 456 429 56 54 Grocery Richard Pallito Staten Island NY 91 68 Lone Star Milk Producers, Inc. 451 630 63 64 Agriculture James Gordon Baird Windthorst TX 92 — BECU 448 356 7,187 6,138 Finance Gary J. Oakland Tukwila WA 93 89 Hoosier Energy Rural Electric Co-op Inc. 441 480 1,042 1,015 J. Steven Smith Bloomington IN 94 — Golden Spread Electric Cooperative, Inc. 436 481 341 356 Energy and Communications Energy and Communications Robert W. Bryant Amarillo TX 95 92 South Dakota Wheat Growers Association 435 447 177 157 Agriculture Dale Locken Aberdeen SD 428 483 84 64 Agriculture Rich Scheuerman Waupan WI 94 Swiss Valley Farms 410 417 138 127 Agriculture J. Gordon Toyne & Donald Boelens Davenport IA 98 — Western Farmers Electric Cooperative www.wfec.com 406 344 824 792 Gary R. Roulet Anadarko OK 99 97 Jackson Electric Membership Corporation www.jacksonemc.com 404 386 673 650 Energy and Communications Energy and Communications Randall Pugh Jefferson GA — The Golden 1 Credit Union 390 360 6,179 6,181 Teresa A. Halleck Sacramento CA 88 95 89 96 97 100 88 www.pec.coop www.keyfood.coop www.lonestarmilk.com www.becu.coop www.hepn.coop www.gsec.coop www.sdwg.com Alto Dairy Cooperative www.alto.coop www.swissvalley.com www.golden1.com TOTAL DOLLARS IN MILLIONS $150,744 $139,316 $380,596 $337,995 Finance ® ncb CO CO-- OP 100 ® RANKED BY REVENUE DOLLARS IN MILLIONS TOTAL ASSETS REVENUE ‘06 ‘05 COOPERATIVE 1 1 2 2 CHS Inc. www.chsinc.coop 2006 2005 2006 2005 INDUSTRY PRESIDENT/CEO CITY STATE 14,384 11,927 4,943 4,727 Agriculture John D. Johnson St. Paul MN Dairy Farmers of America 7,899 8,909 2,427 2,449 Agriculture Richard Smith Kansas City MO www.dfamilk.com 3 4 Wakefern Food Corp. www.wakefern.coop 7,494 7,239 1,214 1,240 Grocery Dean Janeway Elizabeth NJ 4 3 Land O’Lakes, Inc. 7,275 7,557 3,055 3,095 Agriculture Chris Policinski St. Paul MN 5 TOPCO Associates LLC www.topco.com 7,347 5,600 339 257 Grocery Steven K. Lauer Skokie IL 6 Associated Wholesale Grocers 4,963 4,925 740 703 Grocery Gary Phillips Kansas City KS 7 Ace Hardware Corp. 3,770 3,541 1,324 1,336 Hardware and Lumber Ray A. Griffith Oakbrook IL 10 GROWMARK, Inc. 3,600 2,755 1,098 979 Agriculture Bill Davisson Bloomington IL 12 Agribank, FCB 3,262 2,477 53,506 45,912 Finance L. William York St. Paul MN 8 Unified Western Grocers, Inc. 2,954 2,867 708 Grocery Alfred A. Plamann Commerce CA 9 Do it Best Corp. 2,952 2,855 778 679 Hardware and Lumber Bob Taylor Fort Wayne IN 14 Group Health Cooperative 2,584 2,320 1,530 1,168 Healthcare Scott Armstrong Seattle WA 15 HealthPartners Inc. 2,550 2,291 1,354 1,094 Healthcare Mary K. Brainerd South Bloomington MN 14 13 Ag Processing, Inc. 2,361 2,348 883 870 Agriculture Ernesto Vogeler Omaha NE 15 11 California Dairies, Inc. 2,333 2,541 511 598 Agriculture Richard Cotta Visalia CA 19 CoBank 2,218 1,581 41,379 33,835 Finance Robert B. Engel Greenwood Village CO 17 True Value Company 2,050 2,043 Hardware and Lumber Lyle G. Heidemann Chicago IL 27 U.S. Central Credit Union www.uscentral.coop 1,948 1,224 43,358 36,608 Finance Francis Lee Lenexa KS 19 18 Navy Federal Credit Union 1,922 1,612 27,122 24,644 Finance Cutler Dawson Merrifield VA 20 26 Ag First Farm Credit Bank 1,729 1,255 26,761 22,775 Finance F. A. Lowrey Columbia SC 21 25 National Cable Television Cooperative, Inc. 1,634 1,278 281 219 Energy and Communications Jeff Abbas Shawnee Mission KS 22 21 Southern States Cooperative 1,592 1,438 403 448 Agriculture Thomas R. Scribner Richmond VA 23 31 U.S. AgBank, FCB 1,500 1,148 23,258 21,451 Finance Darryl W. Rhodes Wichita KS 24 20 Darigold 1,454 1,459 316 317 Agriculture John Underwood Seattle WA 23 Associated Food Stores 1,442 1,397 376 369 Grocery Richard A. Parkinson Salt Lake City UT 24 Staplcotn 1,371 1,354 305 202 Agriculture Woods Eastland Greenwood MS 48 WesCorp FCU 1,345 Finance Robert Siravo San Dimas CA 28 Prairie Farms Dairy Inc. 1,341 1,220 532 500 Agriculture Ed Mullins Carlinville IL 29 32 Associated Wholesalers, Inc. www.awiweb.com 1,287 1,136 476 163 Grocery J. Christopher Michael Robesonia PA 30 39 Plains Cotton Co-op Association 1,252 1,033 247 201 Agriculture Wallace L. Darneille Lubbock TX 22 Foremost Farms USA Cooperative 1,246 1,419 343 344 Agriculture David E. Fuhrmann Baraboo WI 36 Ocean Spray 1,209 1,093 890 892 Agriculture Randy Papadellis Middleboro MA 41 Recreational Equipment Inc. 1,182 1,022 675 590 Sumner WA 37 1,173 1,080 1,411 1,314 Recreational Energy and Communications Sally Jewell Seminole Electric Cooperative Richard J. Midulla Tampa FL 35 29 Associated Milk Producers, Inc. 1,137 1,251 244 255 Agriculture Mark Furth New Ulm MN 36 33 Affiliated Foods Inc. 1,137 1,133 131 132 37 30 Oglethorpe Power Corporation 1,129 1,170 4,902 4,827 38 43 Sunkist Growers, Inc. 1,111 1,005 205 39 35 Central Grocers Cooperative 1,109 1,103 40 34 Dairylea Cooperative Inc. 1,082 41 42 Affiliated Foods Midwest Co-op Inc. 42 40 43 44 5 6 7 8 9 10 11 12 13 16 17 18 25 26 27 28 31 32 33 34 www.landolakesinc.coop www.awginc.com www.acehardware.com www.growmark.com www.agribank.com www.uwgrocers.com www.doitbest.com www.ghc.org www.healthpartners.coop www.agp.com www.californiadairies.com www.cobank.com www.truevalue.coop www.navyfcu.org www.agfirst.com www.cabletvcoop.org www.southernstates.coop www.usagbank.com www.darigold.com www.afstores.coop www.staplcotn.com www.wescorp.org www.prairiefarmsdairy.com www.pcca.com www.foremostfarms.com www.oceanspray.com www.rei.com www.seminole.coop www.ampi.com 717 686 752 904 29,141 25,698 Agriculture George Lankford Amarillo TX Energy and Communications Thomas A. Smith Tucker GA 169 Agriculture Timothy J. Lindgren Sherman Oaks CA 204 190 Grocery Joseph Caccamo Franklin Park IL 1,124 123 134 Agriculture Gregory I. Wickham Syracuse NY 1,044 1,015 139 141 Grocery Martin Arter Norfolk NE Cooperative Finance Corporation (NRUCFC) 1,008 1,026 19,180 20,060 Finance Sheldon C. Peterson Herndon VA 61 Farm Credit Bank of Texas 1,008 691 15,987 13,212 Finance Larry R. Doyle Austin TX 46 American Crystal Sugar Co. 1,006 966 774 Agriculture James J. Horvath Moorhead MN 44 ENAP, Inc. Hardware and Lumber Russell Kennedy New Windsor NY 45 MFA Incorporated 47 49 North Carolina Electric Membership Corp. 911 874 1,307 1,181 48 51 MD & VA Milk Producers Cooperative Association 895 852 166 122 47 Riceland Foods, Inc. 883 909 462 412 45 46 49 www.afiama.com www.opc.com www.sunkist.coop www.central-grocers.com www.dairylea.coop www.afmidwest.com www.nrucfc.coop www.farmcreditbank.com www.crystalsugar.com www.enap.com www.mfaincorporated.com www.ncemcs.coop www.mdvamilk.com www.riceland.com 840 973 1,011 65 72 931 969 338 332 Agriculture Don Copenhaver Columbia MO Energy and Communications Rick Thomas Raleigh NC Agriculture R. Steven Graybeal Reston VA Agriculture Daniel Kennedy Stuttgart AR Energy and Communications Ronnie Robinson Waco TX Agriculture Charles Smith Indianapolis IN Energy and Communications Energy and Communications James J. Jura Springfield MO J.M. Shafer Westminster CO Agriculture Maurice L. Hyde Eldora IA Energy and Communications Jackson E. Reasor Glen Allen VA — Brazos Electric Cooperative www.brazoselectric.com 881 793 1,494 1,287 51 53 Countrymark Cooperative Holding Corporation 878 775 289 249 52 50 Associated Electric Cooperative, Inc. 865 873 1,822 1,704 53 54 Tri-State G&T Association 846 758 2,376 2,125 54 52 United Suppliers, Inc. 829 852 338 333 57 Old Dominion Electric Cooperative 818 738 1,627 1,712 55 URM Stores 799 756 207 202 Grocery Dean Sonnenberg Spokane WA 173 Energy and Communications Ron Calcaterra Columbia SC 50 55 56 57 www.countrymark.com www.aeci.org www.tristatepower.coop www.unitedsuppliers.com www.odec.com www.urmstores.com 58 Central Electric Power Cooperative 775 725 70 State Employees Credit Union, Inc. 726 600 13,632 12,706 Finance James Blaine Raleigh NC 59 59 Great River Energy 710 713 1,981 1,817 Energy and Communications David Saggau Elk River MN 60 66 Associated Grocers, Inc. 707 636 102 93 Grocery Joseph H. Campbell Jr. Baton Rouge LA 61 62 Piggly Wiggly Alabama 700 668 81 79 Grocery Dennis T. Stewart Bessemer AL 62 56 Agri-Mark Inc. 683 750 210 247 Agriculture Paul P. Johnston Methuen MA 63 63 Associated Press 680 654 448 467 Media Thomas Curley New York NY 64 69 Blue Diamond Growers 675 615 270 198 Agriculture Douglas D. Youngdahl Sacramento CA 65 — Southeast Milk, Inc. www.southeastmilk.org 674 754 93 76 Agriculture P. Joseph Wright Belleview FL 66 — Certified Grocers Midwest, Inc. www.certisaver.com 658 671 120 120 Grocery Kenneth R. Koester Hodgkins IL 65 Western Family Holding Company 655 642 50 53 Grocery Ronald S. King Portland OR Energy and Communications Bob Marshall Winchester KY Grocery John R. Mills Little Rock AR James Compton Hattiesburg MS Ron R. Harper Bismarck ND Gary L. Smith Andalusia AL Gary Voight Little Rock AR 58 67 68 69 www.ncsecu.coop www.greatriverenergy.com www.agbr.coop www.pwadc.com www.agrimark.coop www.ap.org www.bluediamond.coop www.westernfamily.com 194 67 East Kentucky Power Cooperative, Inc. 651 631 2,030 1,688 64 Affiliated Foods Southwest 639 652 180 181 www.ekpc.coop www.affiliatedfoods.com Energy and Communications Energy and Communications Energy and Communications Energy and Communications 70 77 South Mississippi Electric Power Association 637 546 1,017 1,002 71 72 Basin Electric Power Cooperative 629 580 2,850 2,534 72 82 Alabama Electric Cooperative, Inc. www.powersouth.coop 629 523 1,217 1,127 73 83 Arkansas Electric Cooperative Corporation, Inc. 620 518 1,108 1,130 74 78 The Amalgamated Sugar Company LLC 618 543 652 707 Agriculture Ralph Burton Boise ID 75 73 National Grape Cooperative Association, Inc. 600 578 405 384 Agriculture Randolph H. Graham Westfield NY 76 76 UNIPRO Food Service, Inc. 591 549 63 60 Foodservice Distribution Roger Toomey Atlanta GA 77 71 Associated Grocers of Florida, Inc. 583 588 167 106 Grocery Calvin J. Miller Miami FL 78 74 WIS-PAK 572 577 148 137 Franchise Barbara Parish Watertown WI 79 — Wabash Valley Power Association 569 490 488 499 Energy and Communications Rick D. Coons Indianapolis IN 80 85 VHA, Inc. 555 503 356 250 Healthcare Curtis W. Nomonaque Irving TX 81 91 Pentagon Federal Credit Union 546 449 9,340 8,091 Finance Frank R. Pollack Alexandria VA 75 Michigan Milk Producers 522 568 78 82 Agriculture Ken Nobis Novi MI Supply 83 100 Johnstone www.johnstonesupply.com 84 90 Tennessee Farmers Cooperative 520 362 143 106 Hardware and Lumber Gary Daniels Portland OR 513 479 178 183 Agriculture Vernon L. Glover La Vergne TN 82 www.smepa.coop www.basinelectric.coop www.aecc.com www.amalgamatedsugar.com www.nationalgrape.com www.uniprofoodservice.com www.agfla.com www.wis-pak.com www.wvpa.com www.vha.com www.penfed.org www.mimilk.com www.ourcoop.com 85 81 Citrus World Inc. 510 526 259 253 Agriculture Stephen Caruso Lake Wales FL 86 84 Equity Co-op Livestock Sales Association 502 508 30 35 Agriculture Charles Adami Baraboo WI 87 — Upstate-Niagara Cooperative, Inc. 500 460 — — Agriculture Robert Hall Buffalo NY Energy and Communications W.W. “Bud” Burnett Johnson City TX www.floridasnatural.com www.equitycoop.com www.upstatefarmscoop.com Pedernales Electric Cooperative, Inc. 499 414 1,044 973 80 United Dairymen of Arizona www.uda.coop 488 539 73 78 Agriculture Keith Murfield Tempe AZ 90 93 Key Food Stores Cooperative Inc. 456 429 56 54 Grocery Richard Pallito Staten Island NY 91 68 Lone Star Milk Producers, Inc. 451 630 63 64 Agriculture James Gordon Baird Windthorst TX 92 — BECU 448 356 7,187 6,138 Finance Gary J. Oakland Tukwila WA 93 89 Hoosier Energy Rural Electric Co-op Inc. 441 480 1,042 1,015 J. Steven Smith Bloomington IN 94 — Golden Spread Electric Cooperative, Inc. 436 481 341 356 Energy and Communications Energy and Communications Robert W. Bryant Amarillo TX 95 92 South Dakota Wheat Growers Association 435 447 177 157 Agriculture Dale Locken Aberdeen SD 88 Alto Dairy Cooperative 428 483 84 64 Agriculture Rich Scheuerman Waupan WI 94 Swiss Valley Farms 410 417 138 127 Agriculture J. Gordon Toyne & Donald Boelens Davenport IA 98 — Western Farmers Electric Cooperative 406 344 824 792 Gary R. Roulet Anadarko OK 99 97 Jackson Electric Membership Corporation www.jacksonemc.com 404 386 673 650 Energy and Communications Energy and Communications Randall Pugh Jefferson GA — The Golden 1 Credit Union 390 360 6,179 6,181 Teresa A. Halleck Sacramento CA 88 95 89 96 97 100 www.pec.coop www.keyfood.coop www.lonestarmilk.com www.becu.coop www.hepn.coop www.gsec.coop www.sdwg.com www.alto.coop www.swissvalley.com www.wfec.com www.golden1.com TOTAL DOLLARS IN MILLIONS $150,744 $139,316 $380,596 $337,995 Finance ncb CO CO-- OP 100 ® RANKED BY REVENUE DOLLARS IN MILLIONS TOTAL ASSETS REVENUE ‘06 ‘05 COOPERATIVE 1 1 2 2 CHS Inc. www.chsinc.coop 2006 2005 2006 2005 INDUSTRY PRESIDENT/CEO CITY STATE 14,384 11,927 4,943 4,727 Agriculture John D. Johnson St. Paul MN Dairy Farmers of America 7,899 8,909 2,427 2,449 Agriculture Richard Smith Kansas City MO www.dfamilk.com 3 4 Wakefern Food Corp. www.wakefern.coop 7,494 7,239 1,214 1,240 Grocery Dean Janeway Elizabeth NJ 4 3 Land O’Lakes, Inc. 7,275 7,557 3,055 3,095 Agriculture Chris Policinski St. Paul MN 5 TOPCO Associates LLC www.topco.com 7,347 5,600 339 257 Grocery Steven K. Lauer Skokie IL 6 Associated Wholesale Grocers 4,963 4,925 740 703 Grocery Gary Phillips Kansas City KS 7 Ace Hardware Corp. 3,770 3,541 1,324 1,336 Hardware and Lumber Ray A. Griffith Oakbrook IL 10 GROWMARK, Inc. 3,600 2,755 1,098 979 Agriculture Bill Davisson Bloomington IL 12 Agribank, FCB 3,262 2,477 53,506 45,912 Finance L. William York St. Paul MN 8 Unified Western Grocers, Inc. 2,954 2,867 708 Grocery Alfred A. Plamann Commerce CA 9 Do it Best Corp. 2,952 2,855 778 679 Hardware and Lumber Bob Taylor Fort Wayne IN 14 Group Health Cooperative 2,584 2,320 1,530 1,168 Healthcare Scott Armstrong Seattle WA 15 HealthPartners Inc. 2,550 2,291 1,354 1,094 Healthcare Mary K. Brainerd South Bloomington MN 14 13 Ag Processing, Inc. 2,361 2,348 883 870 Agriculture Ernesto Vogeler Omaha NE 15 11 California Dairies, Inc. 2,333 2,541 511 598 Agriculture Richard Cotta Visalia CA 19 CoBank 2,218 1,581 41,379 33,835 Finance Robert B. Engel Greenwood Village CO 17 True Value Company 2,050 2,043 Hardware and Lumber Lyle G. Heidemann Chicago IL 27 U.S. Central Credit Union www.uscentral.coop 1,948 1,224 43,358 36,608 Finance Francis Lee Lenexa KS 19 18 Navy Federal Credit Union 1,922 1,612 27,122 24,644 Finance Cutler Dawson Merrifield VA 20 26 Ag First Farm Credit Bank 1,729 1,255 26,761 22,775 Finance F. A. Lowrey Columbia SC 21 25 National Cable Television Cooperative, Inc. 1,634 1,278 281 219 Energy and Communications Jeff Abbas Shawnee Mission KS 22 21 Southern States Cooperative 1,592 1,438 403 448 Agriculture Thomas R. Scribner Richmond VA 23 31 U.S. AgBank, FCB 1,500 1,148 23,258 21,451 Finance Darryl W. Rhodes Wichita KS 24 20 Darigold 1,454 1,459 316 317 Agriculture John Underwood Seattle WA 23 Associated Food Stores 1,442 1,397 376 369 Grocery Richard A. Parkinson Salt Lake City UT 24 Staplcotn 1,371 1,354 305 202 Agriculture Woods Eastland Greenwood MS 48 WesCorp FCU 1,345 Finance Robert Siravo San Dimas CA 28 Prairie Farms Dairy Inc. 1,341 1,220 532 500 Agriculture Ed Mullins Carlinville IL 29 32 Associated Wholesalers, Inc. www.awiweb.com 1,287 1,136 476 163 Grocery J. Christopher Michael Robesonia PA 30 39 Plains Cotton Co-op Association 1,252 1,033 247 201 Agriculture Wallace L. Darneille Lubbock TX 22 Foremost Farms USA Cooperative 1,246 1,419 343 344 Agriculture David E. Fuhrmann Baraboo WI 36 Ocean Spray 1,209 1,093 890 892 Agriculture Randy Papadellis Middleboro MA 41 Recreational Equipment Inc. 1,182 1,022 675 590 Sumner WA 37 1,173 1,080 1,411 1,314 Recreational Energy and Communications Sally Jewell Seminole Electric Cooperative Richard J. Midulla Tampa FL 35 29 Associated Milk Producers, Inc. 1,137 1,251 244 255 Agriculture Mark Furth New Ulm MN 36 33 Affiliated Foods Inc. 1,137 1,133 131 132 37 30 Oglethorpe Power Corporation 1,129 1,170 4,902 4,827 38 43 Sunkist Growers, Inc. 1,111 1,005 205 39 35 Central Grocers Cooperative 1,109 1,103 40 34 Dairylea Cooperative Inc. 1,082 41 42 Affiliated Foods Midwest Co-op Inc. 42 40 43 44 5 6 7 8 9 10 11 12 13 16 17 18 25 26 27 28 31 32 33 34 www.landolakesinc.coop www.awginc.com www.acehardware.com www.growmark.com www.agribank.com www.uwgrocers.com www.doitbest.com www.ghc.org www.healthpartners.coop www.agp.com www.californiadairies.com www.cobank.com www.truevalue.coop www.navyfcu.org www.agfirst.com www.cabletvcoop.org www.southernstates.coop www.usagbank.com www.darigold.com www.afstores.coop www.staplcotn.com www.wescorp.org www.prairiefarmsdairy.com www.pcca.com www.foremostfarms.com www.oceanspray.com www.rei.com www.seminole.coop www.ampi.com 717 686 752 904 29,141 25,698 Agriculture George Lankford Amarillo TX Energy and Communications Thomas A. Smith Tucker GA 169 Agriculture Timothy J. Lindgren Sherman Oaks CA 204 190 Grocery Joseph Caccamo Franklin Park IL 1,124 123 134 Agriculture Gregory I. Wickham Syracuse NY 1,044 1,015 139 141 Grocery Martin Arter Norfolk NE Cooperative Finance Corporation (NRUCFC) 1,008 1,026 19,180 20,060 Finance Sheldon C. Peterson Herndon VA 61 Farm Credit Bank of Texas 1,008 691 15,987 13,212 Finance Larry R. Doyle Austin TX 46 American Crystal Sugar Co. 1,006 966 774 Agriculture James J. Horvath Moorhead MN 44 ENAP, Inc. Hardware and Lumber Russell Kennedy New Windsor NY 45 MFA Incorporated 47 49 North Carolina Electric Membership Corp. 911 874 1,307 1,181 48 51 MD & VA Milk Producers Cooperative Association 895 852 166 122 47 Riceland Foods, Inc. 883 909 462 412 45 46 49 www.afiama.com www.opc.com www.sunkist.coop www.central-grocers.com www.dairylea.coop www.afmidwest.com www.nrucfc.coop www.farmcreditbank.com www.crystalsugar.com www.enap.com www.mfaincorporated.com www.ncemcs.coop www.mdvamilk.com www.riceland.com 840 973 1,011 65 72 931 969 338 332 Agriculture Don Copenhaver Columbia MO Energy and Communications Rick Thomas Raleigh NC Agriculture R. Steven Graybeal Reston VA Agriculture Daniel Kennedy Stuttgart AR Energy and Communications Ronnie Robinson Waco TX Agriculture Charles Smith Indianapolis IN Energy and Communications Energy and Communications James J. Jura Springfield MO J.M. Shafer Westminster CO Agriculture Maurice L. Hyde Eldora IA Energy and Communications Jackson E. Reasor Glen Allen VA — Brazos Electric Cooperative www.brazoselectric.com 881 793 1,494 1,287 51 53 Countrymark Cooperative Holding Corporation 878 775 289 249 52 50 Associated Electric Cooperative, Inc. 865 873 1,822 1,704 53 54 Tri-State G&T Association 846 758 2,376 2,125 54 52 United Suppliers, Inc. 829 852 338 333 57 Old Dominion Electric Cooperative 818 738 1,627 1,712 55 URM Stores 799 756 207 202 Grocery Dean Sonnenberg Spokane WA 173 Energy and Communications Ron Calcaterra Columbia SC 50 55 56 57 www.countrymark.com www.aeci.org www.tristatepower.coop www.unitedsuppliers.com www.odec.com www.urmstores.com 58 Central Electric Power Cooperative 775 725 70 State Employees Credit Union, Inc. 726 600 13,632 12,706 Finance James Blaine Raleigh NC 59 59 Great River Energy 710 713 1,981 1,817 Energy and Communications David Saggau Elk River MN 60 66 Associated Grocers, Inc. 707 636 102 93 Grocery Joseph H. Campbell Jr. Baton Rouge LA 61 62 Piggly Wiggly Alabama 700 668 81 79 Grocery Dennis T. Stewart Bessemer AL 62 56 Agri-Mark Inc. 683 750 210 247 Agriculture Paul P. Johnston Methuen MA 63 63 Associated Press 680 654 448 467 Media Thomas Curley New York NY 64 69 Blue Diamond Growers 675 615 270 198 Agriculture Douglas D. Youngdahl Sacramento CA 65 — Southeast Milk, Inc. www.southeastmilk.org 674 754 93 76 Agriculture P. Joseph Wright Belleview FL 66 — Certified Grocers Midwest, Inc. www.certisaver.com 658 671 120 120 Grocery Kenneth R. Koester Hodgkins IL 65 Western Family Holding Company 655 642 50 53 Grocery Ronald S. King Portland OR Energy and Communications Bob Marshall Winchester KY Grocery John R. Mills Little Rock AR James Compton Hattiesburg MS Ron R. Harper Bismarck ND Gary L. Smith Andalusia AL Gary Voight Little Rock AR 58 67 68 69 www.ncsecu.coop www.greatriverenergy.com www.agbr.coop www.pwadc.com www.agrimark.coop www.ap.org www.bluediamond.coop www.westernfamily.com 194 67 East Kentucky Power Cooperative, Inc. 651 631 2,030 1,688 64 Affiliated Foods Southwest 639 652 180 181 www.ekpc.coop www.affiliatedfoods.com Energy and Communications Energy and Communications Energy and Communications Energy and Communications 70 77 South Mississippi Electric Power Association 637 546 1,017 1,002 71 72 Basin Electric Power Cooperative 629 580 2,850 2,534 72 82 Alabama Electric Cooperative, Inc. www.powersouth.coop 629 523 1,217 1,127 73 83 Arkansas Electric Cooperative Corporation, Inc. 620 518 1,108 1,130 74 78 The Amalgamated Sugar Company LLC 618 543 652 707 Agriculture Ralph Burton Boise ID 75 73 National Grape Cooperative Association, Inc. 600 578 405 384 Agriculture Randolph H. Graham Westfield NY 76 76 UNIPRO Food Service, Inc. 591 549 63 60 Foodservice Distribution Roger Toomey Atlanta GA 77 71 Associated Grocers of Florida, Inc. 583 588 167 106 Grocery Calvin J. Miller Miami FL 78 74 WIS-PAK 572 577 148 137 Franchise Barbara Parish Watertown WI 79 — Wabash Valley Power Association 569 490 488 499 Energy and Communications Rick D. Coons Indianapolis IN 80 85 VHA, Inc. 555 503 356 250 Healthcare Curtis W. Nomonaque Irving TX 81 91 Pentagon Federal Credit Union 546 449 9,340 8,091 Finance Frank R. Pollack Alexandria VA 75 Michigan Milk Producers 522 568 78 82 Agriculture Ken Nobis Novi MI Supply 83 100 Johnstone www.johnstonesupply.com 84 90 Tennessee Farmers Cooperative 520 362 143 106 Hardware and Lumber Gary Daniels Portland OR 513 479 178 183 Agriculture Vernon L. Glover La Vergne TN 82 www.smepa.coop www.basinelectric.coop www.aecc.com www.amalgamatedsugar.com www.nationalgrape.com www.uniprofoodservice.com www.agfla.com www.wis-pak.com www.wvpa.com www.vha.com www.penfed.org www.mimilk.com www.ourcoop.com 85 81 Citrus World Inc. 510 526 259 253 Agriculture Stephen Caruso Lake Wales FL 86 84 Equity Co-op Livestock Sales Association 502 508 30 35 Agriculture Charles Adami Baraboo WI 87 — Upstate-Niagara Cooperative, Inc. 500 460 — — Agriculture Robert Hall Buffalo NY Energy and Communications W.W. “Bud” Burnett Johnson City TX www.floridasnatural.com www.equitycoop.com www.upstatefarmscoop.com Pedernales Electric Cooperative, Inc. 499 414 1,044 973 80 United Dairymen of Arizona www.uda.coop 488 539 73 78 Agriculture Keith Murfield Tempe AZ 90 93 Key Food Stores Cooperative Inc. 456 429 56 54 Grocery Richard Pallito Staten Island NY 91 68 Lone Star Milk Producers, Inc. 451 630 63 64 Agriculture James Gordon Baird Windthorst TX 92 — BECU 448 356 7,187 6,138 Finance Gary J. Oakland Tukwila WA 93 89 Hoosier Energy Rural Electric Co-op Inc. 441 480 1,042 1,015 J. Steven Smith Bloomington IN 94 — Golden Spread Electric Cooperative, Inc. 436 481 341 356 Energy and Communications Energy and Communications Robert W. Bryant Amarillo TX 95 92 South Dakota Wheat Growers Association 435 447 177 157 Agriculture Dale Locken Aberdeen SD 88 Alto Dairy Cooperative 428 483 84 64 Agriculture Rich Scheuerman Waupan WI 94 Swiss Valley Farms 410 417 138 127 Agriculture J. Gordon Toyne & Donald Boelens Davenport IA 98 — Western Farmers Electric Cooperative 406 344 824 792 Gary R. Roulet Anadarko OK 99 97 Jackson Electric Membership Corporation www.jacksonemc.com 404 386 673 650 Energy and Communications Energy and Communications Randall Pugh Jefferson GA — The Golden 1 Credit Union 390 360 6,179 6,181 Teresa A. Halleck Sacramento CA 88 95 89 96 97 100 www.pec.coop www.keyfood.coop www.lonestarmilk.com www.becu.coop www.hepn.coop www.gsec.coop www.sdwg.com www.alto.coop www.swissvalley.com www.wfec.com www.golden1.com TOTAL DOLLARS IN MILLIONS $150,744 $139,316 $380,596 $337,995 Finance NCB is dedicated to strengthening communities nationwide through the delivery of banking and financial services, complemented by a special focus on cooperative expansion and economic development. Primary markets we serve include the basic ingredients of vibrant communities: housing, education, healthcare, cultural centers, local businesses and social services. 601 Pennsylvania Avenue, NW North Building, Suite 750 Washington, DC 20004 (800) 955-9622 NCB means National Consumer Cooperative Bank, its wholly-owned subsidiary NCB, FSB and its affiliated non-profit corporation NCB Capital Impact. Each may provide loans or technical assistance as a separate entity within the NCB Financial Group, all of which are Equal Housing Lenders. Deposit products and services are provided by NCB, FSB, which is a member of the FDIC. ©2007 NCB 10/07