NCB Co-op 100 Ranks Top U.S. Cooperatives at $309B Revenue

National Cooperative Bank (NCB), headquartered in Arlington, Va., published its annual NCB Co-op 100® report on Oct. 30, 2026, identifying the 100 highest revenue-generating cooperatives operating across the United States. The report places the combined revenues of those top-ranked organizations at $309 billion for 2025, underscoring the considerable scale that the cooperative business model has reached in the American economy.

NCB has long positioned itself as a specialized financial institution focused on serving cooperatives and their member-owners, and the annual ranking serves as a benchmark tool for the broader cooperative sector. The report offers insight into which cooperative enterprises are driving the most economic activity, spanning industries that can include agriculture, grocery retail, credit unions, and housing.

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The cooperative model — in which businesses are owned and democratically controlled by their members — continues to demonstrate resilience and scale, with $309 billion in combined top-100 revenues reflecting the model's footprint well beyond niche markets. Analysts following the sector often point to cooperative structures as a counterweight to shareholder-driven enterprises, particularly during periods of economic volatility.

NCB's annual Co-op 100® release is widely regarded within the industry as the definitive ranking of cooperative performance in the United States, offering members, policymakers, and investors a data point that is otherwise difficult to aggregate given the cooperative sector's dispersed ownership structures.

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