2015 NCB Coop 100 [Web Version]

COOPERATIVES BUILD A BETTER WORLD

2015 NCB CO-OP 100 COOPERATIVES Now is the time to learn, share BUILD A BETTER and support cooperative business.

they deserve and increase recognition for We saw three new additions to the Top cooperatives worldwide. Now is the time 100 list - Afﬁliated Foods, Inc at number WORLD to learn, share and support cooperative 37, Equity Cooperative Livestock at business. number 80 and Cobb Electric Membership Corporation at 96. In addition we also saw Together we are strong. In the U.S. alone 13 new CEOs in 2014 that will lead their there are 120 million co-op members, co-ops to future growth & advancement. 2.1 million employees and 140 million And now is the time for us in co-op customers. We just need to work Personally, I challenge all co-ops to live together and spread the message. principle #6 and work together to enhance the cooperative community to our brand and message, for us to educate highlight the impact we make NCB’s Co-op 100 list is just one way we our friends, family, employees & others connect with the co-op community and and educate everyone about about the different co-ops that exist in the audiences nationwide to communicate U.S. and for all of us to go co-op - since what co-ops do for community. and educate on the cooperative model we truely do build a better world. and the impact these businesses make in Through a new initiative, Cooperatives for a our economy. In 2014, the top 100 cooperatives generated $243.2 billion in Chuck Snyder Better World, Howard Brodsky Co-Founder & President & CEO revenue, an increase of 4.1% from 2013. Learn more about co-ops at Co-Chief Executive Ofﬁcer of CCA Global buildingabetterworldnow.coop National Cooperative Bank Partners, is chairing this challenge to all of us to educate and communicate the power of cooperatives. How does your co-op build a better world? We know that the cooperative business model Every day, we come to work with the mission of adding value to the cotton grown by our members. For more than 60 years, helps strengthen communities, empower PCCA has been at the forefront in developing the world’s leading cotton marketing and warehousing strategies, business people and build a better world. But, not practices, and information technology to supply high-quality U.S. cotton to textile mills worldwide. ‘Grounded in Tradition, everyone understands what cooperatives do Invested in Your Future’ is more than a slogan at PCCA. It’s the philosophy that will keep us competitive for decades to come. and how they can make the world a better place. Kevin Brinkley | President & CEO | Plains Cotton Cooperative Association Now is the time to give cooperatives the credit

WHAT IS A CO-OP? ONE OUT OF THREE KEEPING THE LIGHTS ON Once a consumer understands what a co-op Did you know that one Did you know that 75% the United States is % is they are 78% more likely to choose the out of every three Americans % served by electric co-ops? 78 cooperative over another business. is a member of a cooperative? 75 The 2015 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 THE cooperative business activity across the country. LIST

RANK REVENUE ASSETS ‘14 ‘13 COOPERATIVE NAME WEBSITE 2014 2013 2014 2013 INDUSTRY PRESIDENT/CEO CITY/STATE 1 1 CHS Inc. chsinc.com 42,664 44,480 15,147 13,504 Agriculture Carl Casale Saint Paul, MN 2 3 Dairy Farmers of America dfamilk.com 17,918 12,899 3,404 2,641 Agriculture Rick Smith Kansas City, MO 3 2 Land O'Lakes, Inc. landolakesinc.com 14,966 14,236 6,992 6,758 Agriculture Christopher J. Policinski Saint Paul, MN 4 4 Wakefern Food Corp./ShopRite wakefern.com 11,871 11,456 1,611 1,605 Grocery Joseph Colalillo Keasbey, NJ 5 5 GROWMARK, Inc. growmark.com 10,372 10,171 2,459 2,366 Agriculture Jim Spradin Bloomington, IL 6 6 Associated Wholesale Grocers, Inc awginc.com 8,934 8,380 1,363 1,359 Grocery Jerry Garland Kansas City, KS 7 8 HealthPartners Inc. healthpartners.com 5,505 5,223 4,264 3,886 Healthcare Mary Brainerd Bloomington, MN 8 7 Ag Processing Inc. agp.com 5,081 5,670 1,376 1,348 Agriculture Keith Spackler Omaha, NE 9 9 ACE Hardware Corp. acehardware.com 4,701 4,154 1,657 1,389 Hardware/Lumber John Venhuizen Oak Brook, IL 10 10 California Dairies, Inc. californiadairies.com 4,640 3,857 1,112 894 Agriculture Andrei Mikhalevsky Visalia, CA 11 11 Navy Federal Credit Union navyfcu.org 4,172 3,721 63,646 55,531 Finance Culter Dawson Merrifield, VA 12 12 Unified Grocers, Inc unifiedgrocers.com 3,771 3,692 913 921 Grocery Robert M.Ling Commerce, CA 13 13 Group Health Cooperative ghc.org 3,684 3,662 2,003 1,833 Healthcare Scott Armstrong Seattle, WA 14 14 Do-it-Best Corp. doitbest.com 2,873 2,707 765 743 Hardware/Lumber Bob Taylor Fort Wayne, IN 15 17 National Cable Television Cooperative, Inc. nctconline.org 2,782 2,536 470 431 Energy & Comm. Rich Fickle Lenexa, KS 16 15 United Suppliers, Inc. unitedsuppliers.com 2,668 2,371 1,098 950 Agriculture Brad Oelmann Eldora, IA 17 16 Darigold darigold.com 2,593 2,464 644 633 Agriculture Jim Wegner Seattle, WA 18 21 Basin Electric Power Cooperative basinelectric.com 2,249 2,021 6,432 6,090 Energy & Comm. Paul Sukut Bismarck, ND 19 22 Recreational Equipment Inc. rei.com 2,217 2,017 1,433 1,326 Recreational Jerry Stritzke Sumner, WA 20 19 CoBank cobank.com 2,169 2,095 107,428 97,644 Finance Robert B. Engel Greenwood Village, CO 21 25 Associated Milk Producers, Inc ampi.com 2,158 1,784 312 300 Agriculture D. Develder/S. Meshke New Ulm, MN 22 18 Southern States Cooperative southernstates.coop 2,107 2,248 525 550 Agriculture Thomas R. Scribner Richmond, VA 23 35 True Value Corporation truevalue.coop 2,015 1,412 864 764 Hardware/Lumber John Hartmann Chicago, IL 24 26 Foremost Farms USA Cooperative foremostfarms.com 1,982 1,755 430 409 Agriculture Mike Doyle Baraboo, WI 25 20 Central Grocers Cooperative central-grocers.com 1,966 2,065 527 498 Grocery Ken Nemeth Franklin Park, IL 26 23 Associated Food Stores afstores.com 1,945 1,930 593 595 Grocery S. Neal Berube Salt Lake City, UT 27 27 Prairie Farms Dairy Inc. prairiefarmsdairy.com 1,879 1,721 738 727 Agriculture Edward L.Mullins Carlinville, IL 28 30 Ocean Spray oceanspray.com 1,655 1,659 1,712 1,584 Agriculture Randy C. Papadellis Middleboro, MA 29 28 Countrymark Cooperative Holding Corp. countrymark.com 1,635 1,681 742 670 Agriculture Charles E. Smith Indianapolis, IN 30 24 South Dakota Wheat Growers Association sdwg.com 1,526 1,872 658 654 Agriculture Dale Locken Aberdeen, SD 31 33 Agribank, FCB agribank.com 1,524 1,489 94,425 82,299 Finance L. William York Saint Paul, MN 32 41 UNIPRO Food Service, Inc. uniprofoodservice.com 1,520 1,239 85 81 Food Distribution Bob Stuart Atlanta, GA 33 36 MD & VA Milk Producers Cooperative Assn mdvamilk.com 1,520 1,373 164 165 Agriculture Jay Bryant Reston, VA 34 32 MFA Incorporated mfaincorporated.com 1,511 1,471 439 412 Agriculture Ernie Verslues Columbia, MO 35 44 Blue Diamond Growers bluediamond.com 1,493 1,196 478 410 Agriculture Mark D.Jansen Sacramento, CA 36 34 Affiliated Foods Midwest Co-op Inc. afmidwest.com 1,491 1,441 281 276 Grocery Martin W. Arter Norfolk, NE 37 Affiliated Foods, Inc. afiama.com 1,483 1,464 210 194 Grocery Randy Arceneaux Armillo, TX 38 37 MFA Oil Company mfaoil.com 1,475 1,305 409 392 Agriculture Jerry Taylor Columbia, MO 39 40 Oglethorpe Power Corporation opc.com 1,408 1,324 9,546 9,095 Energy & Comm. Michael L.Smith Tucker, GA 40 39 Tri-State G&T Association tristatepower.com 1,395 1,314 4,676 4,702 Energy & Comm. Michael McInnis Denver, CO 41 31 American Crystal Sugar Co. crystalsugar.com 1,388 1,603 833 951 Agriculture David A. Berg Moorhead, MN 42 43 Central Electric Power Cooperative, Inc. cepci.org 1,254 1,198 350 350 Energy & Comm. Robert Hochstetler Columbia, SC 43 52 Sunkist Growers, Inc. sunkist.com 1,234 1,047 212 215 Agriculture Russell L. Hanlin Sherman Oaks, CA 44 58 United Producers, Inc uproducers.com 1,225 1,001 52 36 Agriculture Dennis Bolling Columbus, OH 45 48 Great River Energy greatriverenergy.com 1,185 1,171 3,885 3,704 Energy & Comm. David Saggau Maple Grove, MN 46 38 Riceland Foods, Inc.** riceland.coop 1,162 1,315 562 579 Agriculture Karl D. Kennedy Stuttgart, AR 47 60 Michigan Milk Producers Association mimilk.com 1,153 957 203 173 Agriculture Ken Nobis Novi, MI 48 49 Associated Electric Cooperative Inc. aeci.org 1,142 1,082 2,956 2,988 Energy & Comm. James J. Jura Springfield, MO 49 61 Agri-Mark Inc./Cabot Creamery agrimark.coop 1,139 953 384 345 Agriculture Ed Townley Methuen, MA 50 42 Seminole Electric Cooperative seminole-electric.com 1,130 1,213 1,908 1,902 Energy & Comm. Lisa Johnson Tampa, FL 51 63 Brazos Electric Cooperative brazoselectric.com 1,097 941 3,631 3,493 Energy & Comm. Clifton Karnei Waco, TX 52 68 Select Milk Producers, Inc. selectmilk.com 1,058 905 123 186 Agriculture Michael J. McCloskey Artesia, NM 53 55 Independent Pharmacy Cooperative, Inc. ipcrx.com 1,052 1,058 178 160 Pharmaceutical Dist. Don Anderson Sun Prairie, WI 54 56 North Carolina Electric Membership Corp. ncemcs.com 1,040 1,044 1,747 1,655 Energy & Comm. Joe Brannan Raleigh, NC 55 78 United Dairymen of Arizona uda.coop 1,036 834 177 197 Agriculture Keith Murfield Tempe, AZ 56 59 URM Stores urmstores.com 1,012 1,008 259 258 Grocery Ray Sprinkle Spokane, WA 57 71 FCS of America fcsamerica.com 986 897 23,128 21,274 Finance Douglas R. Stark Omaha, NE 58 64 Organic Valley (CROPP) farmers.coop 972 930 241 235 Agriculture George Siemon La Farge, WI 59 76 Old Dominion Electric Cooperative odec.com 952 842 1,639 1,531 Energy & Comm. Jackson E. Reasor Glen Allen, VA 60 72 State Employees Credit Union, Inc. ncsecu.org 952 873 28,645 26,747 Finance James Blaine Raleigh, NC 61 62 Plains Cotton Co-op Association pcca.com 947 798 173 185 Agriculture Wally Darneille Lubbock, TX 62 66 ENAP, Inc. enap.com 941 928 72 70 Hardware/Lumber Stephen J. Sallah New Windsor, NY 63 46 Heartland Co-op heartlandcoop.com 941 1,184 260 248 Agriculture Tom Hauschel West Des Moines, IA 64 53 Nat’l Rural Utilities Coop. Finance Corp. (CFC) nrucfc.coop 927 1,078 22,233 22,072 Finance Sheldon C. Petersen Dulles, VA 65 51 Co-Alliance co-alliance.com 910 1,098 293 378 Agriculture Kevin Still Avon, IN 66 79 South Mississippi Electric Power Association smepa.coop 903 802 2,119 1,949 Energy & Comm. James Compton Hattiesburg, MS 67 69 East Kentucky Power Cooperative ekpc.coop 903 843 3,370 3,279 Energy & Comm. Anthony Campbell Winchester, KY 68 70 North Central Farmers Elevator ncfe.coop 899 721 267 252 Agriculture Mike Nickolas Ipswich, SD 69 65 Farmers Grain** fgtcoop.com 881 930 137 125 Agriculture Steve F. Nail Greenville, MS 70 67 Snake River Sugar Company srcoop.com 870 922 763 936 Agriculture John McCreely Boise, ID 71 54 Aurora Cooperative Elevator Company auroracoop.com 868 1,078 483 474 Agriculture Chris Vincent Aurora, NE 72 73 Lone Star Milk Producers, Inc. lonestarmilk.net 864 896 97 100 Agriculture Jim Baird Windthorst, TX 73 82 Upstate-Niagara cooperative, Inc. upstatefarms.com 863 759 258 244 Agriculture Larry Webster Buffalo, NY 74 47 Innovative Ag Services Co. innovativeag.com 855 1,166 248 231 Agriculture Rick Vaughan Monticello, IA 75 74 Farmers Cooperative farmersco-operative.com 854 940 236 240 Agriculture Ron Velder Dorchester, NE 76 50 Staple Cotton Cooperative Association staplcotn.com 853 1,121 328 243 Agriculture Meredith Allen Greenwood, MS 77 57 Cooperative Producers, Inc. cpicoop.com 798 1,052 248 268 Agriculture Robert Fifield Hastings, NE 78 45 Farmers Cooperative Company fccoop.com 785 1,186 310 338 Agriculture Jim Chism Farnhamville, IA 79 81 Tennessee Farmers Cooperative ourcoop.com 775 814 286 278 Agriculture Bart Krisle LaVergne, TN 80 Equity Cooperative Livestock equitycoop.com 774 620 41 32 Agriculture Charles Adami Barabue, WI 81 80 Western Family Holding Company westernfamily.com 768 785 56 59 Grocery Ron King Portland, OR 82 85 Arkansas Electric Cooperative Corporation aecc.com 767 736 1,763 1,609 Energy & Comm. Duane D. Highley Little Rock , AR 83 95 Tillamook County Creamery Association tillamook.com 760 627 427 406 Agriculture Patrick G. Criteser Tillamook, OR 84 83 Ag First Farm Credit Bank agfirst.com 758 838 28,844 28,891 Finance Leon T. Amerson Columbia, SC 85 84 Piggly Wiggly Alabama pwadc.net 746 740 105 106 Grocery David Bullard Bessemer, AL 86 86 Wabash Valley Power Association wvpa.com 735 701 932 940 Energy & Comm. Rick Coons Indianapolis, IN 87 87 United Farmers Cooperative (2) ufcoop.com 726 712 153 227 Agriculture Carl Dickinson York, NE 88 88 FCS of Mid- America e-farmcredit.com 725 728 20,032 19,057 Finance Bill Johnson Louisville, KY 89 90 Watonwan Farm Service Company wfsag.com 717 606 142 222 Agriculture Todd Ludwig Truman, MN 90 91 Associated Grocers, Inc. agbr.com 717 685 111 110 Grocery J. H. Campbell, Jr. Baton Rouge, LA 91 93 Frenchman Valley Farmers Cooperative Inc. fvcoop.com 695 704 247 223 Agriculture Jim Haarberg Imperial , NE 92 77 West Central Cooperative west-central.com 682 864 335 302 Agriculture Jeffrey Stroburg Ralston, IA 93 94 Central Valley Ag Cooperative cvacoop.com 682 699 247 249 Agriculture Doug Derscheid Oakland, NE 94 96 Pentagon Federal Credit Union penfed.org 669 717 16,841 15,532 Finance James Schenck Alexandria, VA 95 97 Hoosier Energy Rural Electric Co-op Inc. hepn.com 668 648 1,850 1,713 Energy & Comm. J.Steven Smith Bloomington, IN 96 Cobb Electric Membership Corp. cobbemc.com 667 627 912 936 Energy Chip Nelson Marietta, GA 97 99 Associated Grocers of Florida, Inc agfla.com 666 635 160 160 Grocery Christopher Miller Pompano Beach, FL 98 92 Trupointe Cooperative** trupointe.com 651 711 217 197 Agriculture Larry J. Hammond Piqua, OH 99 75 New Cooperative, Inc. newcoop.com 641 850 286 277 Agriculture Brent Bunte Fort Dodge, IA 100 98 Buckeye Power, Inc buckeyepower.com 640 627 2,037 2,119 Energy & Comm. Anthony J. Ahern Columbus, OH 1 1 CHS Inc. chsinc.com 42,664 44,480 15,147 13,504 Agriculture Carl Casale Saint Paul, MN 2 3 Dairy Farmers of America dfamilk.com 17,918 12,899 3,404 2,641 Agriculture Rick Smith Kansas City, MO 3 2 Land O'Lakes, Inc. landolakesinc.com 14,966 14,236 6,992 6,758 Agriculture Christopher J. Policinski Saint Paul, MN 4 4 Wakefern Food Corp./ShopRite wakefern.com 11,871 11,456 1,611 1,605 Grocery Joseph Colalillo Keasbey, NJ 5 5 GROWMARK, Inc. growmark.com 10,372 10,171 2,459 2,366 Agriculture Jim Spradin Bloomington, IL 6 6 Associated Wholesale Grocers, Inc awginc.com 8,934 8,380 1,363 1,359 Grocery Jerry Garland Kansas City, KS 7 8 HealthPartners Inc. healthpartners.com 5,505 5,223 4,264 3,886 Healthcare Mary Brainerd Bloomington, MN 8 7 Ag Processing Inc. agp.com 5,081 5,670 1,376 1,348 Agriculture Keith Spackler Omaha, NE 9 9 ACE Hardware Corp. acehardware.com 4,701 4,154 1,657 1,389 Hardware/Lumber John Venhuizen Oak Brook, IL 10 10 California Dairies, Inc. californiadairies.com 4,640 3,857 1,112 894 Agriculture Andrei Mikhalevsky Visalia, CA 11 11 Navy Federal Credit Union navyfcu.org 4,172 3,721 63,646 55,531 Finance Culter Dawson Merrifield, VA 12 12 Unified Grocers, Inc unifiedgrocers.com 3,771 3,692 913 921 Grocery Robert M.Ling Commerce, CA 13 13 Group Health Cooperative ghc.org 3,684 3,662 2,003 1,833 Healthcare Scott Armstrong Seattle, WA 14 14 Do-it-Best Corp. doitbest.com 2,873 2,707 765 743 Hardware/Lumber Bob Taylor Fort Wayne, IN 15 17 National Cable Television Cooperative, Inc. nctconline.org 2,782 2,536 470 431 Energy & Comm. Rich Fickle Lenexa, KS 16 15 United Suppliers, Inc. unitedsuppliers.com 2,668 2,371 1,098 950 Agriculture Brad Oelmann Eldora, IA 17 16 Darigold darigold.com 2,593 2,464 644 633 Agriculture Jim Wegner Seattle, WA 18 21 Basin Electric Power Cooperative basinelectric.com 2,249 2,021 6,432 6,090 Energy & Comm. Paul Sukut Bismarck, ND 19 22 Recreational Equipment Inc. rei.com 2,217 2,017 1,433 1,326 Recreational Jerry Stritzke Sumner, WA 20 19 CoBank cobank.com 2,169 2,095 107,428 97,644 Finance Robert B. Engel Greenwood Village, CO 21 25 Associated Milk Producers, Inc ampi.com 2,158 1,784 312 300 Agriculture D. Develder/S. Meshke New Ulm, MN 22 18 Southern States Cooperative southernstates.coop 2,107 2,248 525 550 Agriculture Thomas R. Scribner Richmond, VA 23 35 True Value Corporation truevalue.coop 2,015 1,412 864 764 Hardware/Lumber John Hartmann Chicago, IL 24 26 Foremost Farms USA Cooperative foremostfarms.com 1,982 1,755 430 409 Agriculture Mike Doyle Baraboo, WI 25 20 Central Grocers Cooperative central-grocers.com 1,966 2,065 527 498 Grocery Ken Nemeth Franklin Park, IL 26 23 Associated Food Stores afstores.com 1,945 1,930 593 595 Grocery S. Neal Berube Salt Lake City, UT 27 27 Prairie Farms Dairy Inc. prairiefarmsdairy.com 1,879 1,721 738 727 Agriculture Edward L.Mullins Carlinville, IL 28 30 Ocean Spray oceanspray.com 1,655 1,659 1,712 1,584 Agriculture Randy C. Papadellis Middleboro, MA 29 28 Countrymark Cooperative Holding Corp. countrymark.com 1,635 1,681 742 670 Agriculture Charles E. Smith Indianapolis, IN 30 24 South Dakota Wheat Growers Association sdwg.com 1,526 1,872 658 654 Agriculture Dale Locken Aberdeen, SD 31 33 Agribank, FCB agribank.com 1,524 1,489 94,425 82,299 Finance L. William York Saint Paul, MN 32 41 UNIPRO Food Service, Inc. uniprofoodservice.com 1,520 1,239 85 81 Food Distribution Bob Stuart Atlanta, GA 33 36 MD & VA Milk Producers Cooperative Assn mdvamilk.com 1,520 1,373 164 165 Agriculture Jay Bryant Reston, VA 34 32 MFA Incorporated mfaincorporated.com 1,511 1,471 439 412 Agriculture Ernie Verslues Columbia, MO 35 44 Blue Diamond Growers bluediamond.com 1,493 1,196 478 410 Agriculture Mark D.Jansen Sacramento, CA 36 34 Affiliated Foods Midwest Co-op Inc. afmidwest.com 1,491 1,441 281 276 Grocery Martin W. Arter Norfolk, NE 37 Affiliated Foods, Inc. afiama.com 1,483 1,464 210 194 Grocery Randy Arceneaux Armillo, TX 38 37 MFA Oil Company mfaoil.com 1,475 1,305 409 392 Agriculture Jerry Taylor Columbia, MO 39 40 Oglethorpe Power Corporation opc.com 1,408 1,324 9,546 9,095 Energy & Comm. Michael L.Smith Tucker, GA 40 39 Tri-State G&T Association tristatepower.com 1,395 1,314 4,676 4,702 Energy & Comm. Michael McInnis Denver, CO 41 31 American Crystal Sugar Co. crystalsugar.com 1,388 1,603 833 951 Agriculture David A. Berg Moorhead, MN 42 43 Central Electric Power Cooperative, Inc. cepci.org 1,254 1,198 350 350 Energy & Comm. Robert Hochstetler Columbia, SC 43 52 Sunkist Growers, Inc. sunkist.com 1,234 1,047 212 215 Agriculture Russell L. Hanlin Sherman Oaks, CA 44 58 United Producers, Inc uproducers.com 1,225 1,001 52 36 Agriculture Dennis Bolling Columbus, OH 45 48 Great River Energy greatriverenergy.com 1,185 1,171 3,885 3,704 Energy & Comm. David Saggau Maple Grove, MN 46 38 Riceland Foods, Inc.** riceland.coop 1,162 1,315 562 579 Agriculture Karl D. Kennedy Stuttgart, AR 47 60 Michigan Milk Producers Association mimilk.com 1,153 957 203 173 Agriculture Ken Nobis Novi, MI 48 49 Associated Electric Cooperative Inc. aeci.org 1,142 1,082 2,956 2,988 Energy & Comm. James J. Jura Springfield, MO 49 61 Agri-Mark Inc./Cabot Creamery agrimark.coop 1,139 953 384 345 Agriculture Ed Townley Methuen, MA 50 42 Seminole Electric Cooperative seminole-electric.com 1,130 1,213 1,908 1,902 Energy & Comm. Lisa Johnson Tampa, FL 51 63 Brazos Electric Cooperative brazoselectric.com 1,097 941 3,631 3,493 Energy & Comm. Clifton Karnei Waco, TX 52 68 Select Milk Producers, Inc. selectmilk.com 1,058 905 123 186 Agriculture Michael J. McCloskey Artesia, NM 53 55 Independent Pharmacy Cooperative, Inc. ipcrx.com 1,052 1,058 178 160 Pharmaceutical Dist. Don Anderson Sun Prairie, WI 54 56 North Carolina Electric Membership Corp. ncemcs.com 1,040 1,044 1,747 1,655 Energy & Comm. Joe Brannan Raleigh, NC 55 78 United Dairymen of Arizona uda.coop 1,036 834 177 197 Agriculture Keith Murfield Tempe, AZ 56 59 URM Stores urmstores.com 1,012 1,008 259 258 Grocery Ray Sprinkle Spokane, WA 57 71 FCS of America fcsamerica.com 986 897 23,128 21,274 Finance Douglas R. Stark Omaha, NE 58 64 Organic Valley (CROPP) farmers.coop 972 930 241 235 Agriculture George Siemon La Farge, WI 59 76 Old Dominion Electric Cooperative odec.com 952 842 1,639 1,531 Energy & Comm. Jackson E. Reasor Glen Allen, VA 60 72 State Employees Credit Union, Inc. ncsecu.org 952 873 28,645 26,747 Finance James Blaine Raleigh, NC 61 62 Plains Cotton Co-op Association pcca.com 947 798 173 185 Agriculture Wally Darneille Lubbock, TX 62 66 ENAP, Inc. enap.com 941 928 72 70 Hardware/Lumber Stephen J. Sallah New Windsor, NY 63 46 Heartland Co-op heartlandcoop.com 941 1,184 260 248 Agriculture Tom Hauschel West Des Moines, IA 64 53 Nat’l Rural Utilities Coop. Finance Corp. (CFC) nrucfc.coop 927 1,078 22,233 22,072 Finance Sheldon C. Petersen Dulles, VA 65 51 Co-Alliance co-alliance.com 910 1,098 293 378 Agriculture Kevin Still Avon, IN 66 79 South Mississippi Electric Power Association smepa.coop 903 802 2,119 1,949 Energy & Comm. James Compton Hattiesburg, MS 67 69 East Kentucky Power Cooperative ekpc.coop 903 843 3,370 3,279 Energy & Comm. Anthony Campbell Winchester, KY 68 70 North Central Farmers Elevator ncfe.coop 899 721 267 252 Agriculture Mike Nickolas Ipswich, SD 69 65 Farmers Grain** fgtcoop.com 881 930 137 125 Agriculture Steve F. Nail Greenville, MS 70 67 Snake River Sugar Company srcoop.com 870 922 763 936 Agriculture John McCreely Boise, ID 71 54 Aurora Cooperative Elevator Company auroracoop.com 868 1,078 483 474 Agriculture Chris Vincent Aurora, NE 72 73 Lone Star Milk Producers, Inc. lonestarmilk.net 864 896 97 100 Agriculture Jim Baird Windthorst, TX 73 82 Upstate-Niagara cooperative, Inc. upstatefarms.com 863 759 258 244 Agriculture Larry Webster Buffalo, NY 74 47 Innovative Ag Services Co. innovativeag.com 855 1,166 248 231 Agriculture Rick Vaughan Monticello, IA 75 74 Farmers Cooperative farmersco-operative.com 854 940 236 240 Agriculture Ron Velder Dorchester, NE 76 50 Staple Cotton Cooperative Association staplcotn.com 853 1,121 328 243 Agriculture Meredith Allen Greenwood, MS 77 57 Cooperative Producers, Inc. cpicoop.com 798 1,052 248 268 Agriculture Robert Fifield Hastings, NE 78 45 Farmers Cooperative Company fccoop.com 785 1,186 310 338 Agriculture Jim Chism Farnhamville, IA 79 81 Tennessee Farmers Cooperative ourcoop.com 775 814 286 278 Agriculture Bart Krisle LaVergne, TN 80 Equity Cooperative Livestock equitycoop.com 774 620 41 32 Agriculture Charles Adami Barabue, WI 81 80 Western Family Holding Company westernfamily.com 768 785 56 59 Grocery Ron King Portland, OR 82 85 Arkansas Electric Cooperative Corporation aecc.com 767 736 1,763 1,609 Energy & Comm. Duane D. Highley Little Rock , AR 83 95 Tillamook County Creamery Association tillamook.com 760 627 427 406 Agriculture Patrick G. Criteser Tillamook, OR 84 83 Ag First Farm Credit Bank agfirst.com 758 838 28,844 28,891 Finance Leon T. Amerson Columbia, SC 85 84 Piggly Wiggly Alabama pwadc.net 746 740 105 106 Grocery David Bullard Bessemer, AL 86 86 Wabash Valley Power Association wvpa.com 735 701 932 940 Energy & Comm. Rick Coons Indianapolis, IN 87 87 United Farmers Cooperative (2) ufcoop.com 726 712 153 227 Agriculture Carl Dickinson York, NE 88 88 FCS of Mid- America e-farmcredit.com 725 728 20,032 19,057 Finance Bill Johnson Louisville, KY 89 90 Watonwan Farm Service Company wfsag.com 717 606 142 222 Agriculture Todd Ludwig Truman, MN 90 91 Associated Grocers, Inc. agbr.com 717 685 111 110 Grocery J. H. Campbell, Jr. Baton Rouge, LA 91 93 Frenchman Valley Farmers Cooperative Inc. fvcoop.com 695 704 247 223 Agriculture Jim Haarberg Imperial , NE 92 77 West Central Cooperative west-central.com 682 864 335 302 Agriculture Jeffrey Stroburg Ralston, IA 93 94 Central Valley Ag Cooperative cvacoop.com 682 699 247 249 Agriculture Doug Derscheid Oakland, NE 94 96 Pentagon Federal Credit Union penfed.org 669 717 16,841 15,532 Finance James Schenck Alexandria, VA 95 97 Hoosier Energy Rural Electric Co-op Inc. hepn.com 668 648 1,850 1,713 Energy & Comm. J.Steven Smith Bloomington, IN 96 Cobb Electric Membership Corp. cobbemc.com 667 627 912 936 Energy Chip Nelson Marietta, GA 97 99 Associated Grocers of Florida, Inc agfla.com 666 635 160 160 Grocery Christopher Miller Pompano Beach, FL 98 92 Trupointe Cooperative** trupointe.com 651 711 217 197 Agriculture Larry J. Hammond Piqua, OH 99 75 New Cooperative, Inc. newcoop.com 641 850 286 277 Agriculture Brent Bunte Fort Dodge, IA 100 98 Buckeye Power, Inc buckeyepower.com 640 627 2,037 2,119 Energy & Comm. Anthony J. Ahern Columbus, OH 1 1 CHS Inc. chsinc.com 42,664 44,480 15,147 13,504 Agriculture Carl Casale Saint Paul, MN 2 3 Dairy Farmers of America dfamilk.com 17,918 12,899 3,404 2,641 Agriculture Rick Smith Kansas City, MO 3 2 Land O'Lakes, Inc. landolakesinc.com 14,966 14,236 6,992 6,758 Agriculture Christopher J. Policinski Saint Paul, MN 4 4 Wakefern Food Corp./ShopRite wakefern.com 11,871 11,456 1,611 1,605 Grocery Joseph Colalillo Keasbey, NJ 5 5 GROWMARK, Inc. growmark.com 10,372 10,171 2,459 2,366 Agriculture Jim Spradin Bloomington, IL 6 6 Associated Wholesale Grocers, Inc awginc.com 8,934 8,380 1,363 1,359 Grocery Jerry Garland Kansas City, KS 7 8 HealthPartners Inc. healthpartners.com 5,505 5,223 4,264 3,886 Healthcare Mary Brainerd Bloomington, MN 8 7 Ag Processing Inc. agp.com 5,081 5,670 1,376 1,348 Agriculture Keith Spackler Omaha, NE 9 9 ACE Hardware Corp. acehardware.com 4,701 4,154 1,657 1,389 Hardware/Lumber John Venhuizen Oak Brook, IL 10 10 California Dairies, Inc. californiadairies.com 4,640 3,857 1,112 894 Agriculture Andrei Mikhalevsky Visalia, CA 11 11 Navy Federal Credit Union navyfcu.org 4,172 3,721 63,646 55,531 Finance Culter Dawson Merrifield, VA 12 12 Unified Grocers, Inc unifiedgrocers.com 3,771 3,692 913 921 Grocery Robert M.Ling Commerce, CA 13 13 Group Health Cooperative ghc.org 3,684 3,662 2,003 1,833 Healthcare Scott Armstrong Seattle, WA 14 14 Do-it-Best Corp. doitbest.com 2,873 2,707 765 743 Hardware/Lumber Bob Taylor Fort Wayne, IN 15 17 National Cable Television Cooperative, Inc. nctconline.org 2,782 2,536 470 431 Energy & Comm. Rich Fickle Lenexa, KS 16 15 United Suppliers, Inc. unitedsuppliers.com 2,668 2,371 1,098 950 Agriculture Brad Oelmann Eldora, IA 17 16 Darigold darigold.com 2,593 2,464 644 633 Agriculture Jim Wegner Seattle, WA 18 21 Basin Electric Power Cooperative basinelectric.com 2,249 2,021 6,432 6,090 Energy & Comm. Paul Sukut Bismarck, ND 19 22 Recreational Equipment Inc. rei.com 2,217 2,017 1,433 1,326 Recreational Jerry Stritzke Sumner, WA 20 19 CoBank cobank.com 2,169 2,095 107,428 97,644 Finance Robert B. Engel Greenwood Village, CO 21 25 Associated Milk Producers, Inc ampi.com 2,158 1,784 312 300 Agriculture D. Develder/S. Meshke New Ulm, MN 22 18 Southern States Cooperative southernstates.coop 2,107 2,248 525 550 Agriculture Thomas R. Scribner Richmond, VA 23 35 True Value Corporation truevalue.coop 2,015 1,412 864 764 Hardware/Lumber John Hartmann Chicago, IL 24 26 Foremost Farms USA Cooperative foremostfarms.com 1,982 1,755 430 409 Agriculture Mike Doyle Baraboo, WI 25 20 Central Grocers Cooperative central-grocers.com 1,966 2,065 527 498 Grocery Ken Nemeth Franklin Park, IL 26 23 Associated Food Stores afstores.com 1,945 1,930 593 595 Grocery S. Neal Berube Salt Lake City, UT 27 27 Prairie Farms Dairy Inc. prairiefarmsdairy.com 1,879 1,721 738 727 Agriculture Edward L.Mullins Carlinville, IL 28 30 Ocean Spray oceanspray.com 1,655 1,659 1,712 1,584 Agriculture Randy C. Papadellis Middleboro, MA 29 28 Countrymark Cooperative Holding Corp. countrymark.com 1,635 1,681 742 670 Agriculture Charles E. Smith Indianapolis, IN 30 24 South Dakota Wheat Growers Association sdwg.com 1,526 1,872 658 654 Agriculture Dale Locken Aberdeen, SD 31 33 Agribank, FCB agribank.com 1,524 1,489 94,425 82,299 Finance L. William York Saint Paul, MN 32 41 UNIPRO Food Service, Inc. uniprofoodservice.com 1,520 1,239 85 81 Food Distribution Bob Stuart Atlanta, GA 33 36 MD & VA Milk Producers Cooperative Assn mdvamilk.com 1,520 1,373 164 165 Agriculture Jay Bryant Reston, VA 34 32 MFA Incorporated mfaincorporated.com 1,511 1,471 439 412 Agriculture Ernie Verslues Columbia, MO 35 44 Blue Diamond Growers bluediamond.com 1,493 1,196 478 410 Agriculture Mark D.Jansen Sacramento, CA 36 34 Affiliated Foods Midwest Co-op Inc. afmidwest.com 1,491 1,441 281 276 Grocery Martin W. Arter Norfolk, NE 37 Affiliated Foods, Inc. afiama.com 1,483 1,464 210 194 Grocery Randy Arceneaux Armillo, TX 38 37 MFA Oil Company mfaoil.com 1,475 1,305 409 392 Agriculture Jerry Taylor Columbia, MO 39 40 Oglethorpe Power Corporation opc.com 1,408 1,324 9,546 9,095 Energy & Comm. Michael L.Smith Tucker, GA 40 39 Tri-State G&T Association tristatepower.com 1,395 1,314 4,676 4,702 Energy & Comm. Michael McInnis Denver, CO 41 31 American Crystal Sugar Co. crystalsugar.com 1,388 1,603 833 951 Agriculture David A. Berg Moorhead, MN 42 43 Central Electric Power Cooperative, Inc. cepci.org 1,254 1,198 350 350 Energy & Comm. Robert Hochstetler Columbia, SC 43 52 Sunkist Growers, Inc. sunkist.com 1,234 1,047 212 215 Agriculture Russell L. Hanlin Sherman Oaks, CA 44 58 United Producers, Inc uproducers.com 1,225 1,001 52 36 Agriculture Dennis Bolling Columbus, OH 45 48 Great River Energy greatriverenergy.com 1,185 1,171 3,885 3,704 Energy & Comm. David Saggau Maple Grove, MN 46 38 Riceland Foods, Inc.** riceland.coop 1,162 1,315 562 579 Agriculture Karl D. Kennedy Stuttgart, AR 47 60 Michigan Milk Producers Association mimilk.com 1,153 957 203 173 Agriculture Ken Nobis Novi, MI 48 49 Associated Electric Cooperative Inc. aeci.org 1,142 1,082 2,956 2,988 Energy & Comm. James J. Jura Springfield, MO 49 61 Agri-Mark Inc./Cabot Creamery agrimark.coop 1,139 953 384 345 Agriculture Ed Townley Methuen, MA 50 42 Seminole Electric Cooperative seminole-electric.com 1,130 1,213 1,908 1,902 Energy & Comm. Lisa Johnson Tampa, FL 51 63 Brazos Electric Cooperative brazoselectric.com 1,097 941 3,631 3,493 Energy & Comm. Clifton Karnei Waco, TX 52 68 Select Milk Producers, Inc. selectmilk.com 1,058 905 123 186 Agriculture Michael J. McCloskey Artesia, NM 53 55 Independent Pharmacy Cooperative, Inc. ipcrx.com 1,052 1,058 178 160 Pharmaceutical Dist. Don Anderson Sun Prairie, WI 54 56 North Carolina Electric Membership Corp. ncemcs.com 1,040 1,044 1,747 1,655 Energy & Comm. Joe Brannan Raleigh, NC 55 78 United Dairymen of Arizona uda.coop 1,036 834 177 197 Agriculture Keith Murfield Tempe, AZ 56 59 URM Stores urmstores.com 1,012 1,008 259 258 Grocery Ray Sprinkle Spokane, WA 57 71 FCS of America fcsamerica.com 986 897 23,128 21,274 Finance Douglas R. Stark Omaha, NE 58 64 Organic Valley (CROPP) farmers.coop 972 930 241 235 Agriculture George Siemon La Farge, WI 59 76 Old Dominion Electric Cooperative odec.com 952 842 1,639 1,531 Energy & Comm. Jackson E. Reasor Glen Allen, VA 60 72 State Employees Credit Union, Inc. ncsecu.org 952 873 28,645 26,747 Finance James Blaine Raleigh, NC 61 62 Plains Cotton Co-op Association pcca.com 947 798 173 185 Agriculture Wally Darneille Lubbock, TX 62 66 ENAP, Inc. enap.com 941 928 72 70 Hardware/Lumber Stephen J. Sallah New Windsor, NY 63 46 Heartland Co-op heartlandcoop.com 941 1,184 260 248 Agriculture Tom Hauschel West Des Moines, IA 64 53 Nat’l Rural Utilities Coop. Finance Corp. (CFC) nrucfc.coop 927 1,078 22,233 22,072 Finance Sheldon C. Petersen Dulles, VA 65 51 Co-Alliance co-alliance.com 910 1,098 293 378 Agriculture Kevin Still Avon, IN 66 79 South Mississippi Electric Power Association smepa.coop 903 802 2,119 1,949 Energy & Comm. James Compton Hattiesburg, MS 67 69 East Kentucky Power Cooperative ekpc.coop 903 843 3,370 3,279 Energy & Comm. Anthony Campbell Winchester, KY 68 70 North Central Farmers Elevator ncfe.coop 899 721 267 252 Agriculture Mike Nickolas Ipswich, SD 69 65 Farmers Grain** fgtcoop.com 881 930 137 125 Agriculture Steve F. Nail Greenville, MS 70 67 Snake River Sugar Company srcoop.com 870 922 763 936 Agriculture John McCreely Boise, ID 71 54 Aurora Cooperative Elevator Company auroracoop.com 868 1,078 483 474 Agriculture Chris Vincent Aurora, NE 72 73 Lone Star Milk Producers, Inc. lonestarmilk.net 864 896 97 100 Agriculture Jim Baird Windthorst, TX 73 82 Upstate-Niagara cooperative, Inc. upstatefarms.com 863 759 258 244 Agriculture Larry Webster Buffalo, NY 74 47 Innovative Ag Services Co. innovativeag.com 855 1,166 248 231 Agriculture Rick Vaughan Monticello, IA 75 74 Farmers Cooperative farmersco-operative.com 854 940 236 240 Agriculture Ron Velder Dorchester, NE 76 50 Staple Cotton Cooperative Association staplcotn.com 853 1,121 328 243 Agriculture Meredith Allen Greenwood, MS 77 57 Cooperative Producers, Inc. cpicoop.com 798 1,052 248 268 Agriculture Robert Fifield Hastings, NE 78 45 Farmers Cooperative Company fccoop.com 785 1,186 310 338 Agriculture Jim Chism Farnhamville, IA 79 81 Tennessee Farmers Cooperative ourcoop.com 775 814 286 278 Agriculture Bart Krisle LaVergne, TN 80 Equity Cooperative Livestock equitycoop.com 774 620 41 32 Agriculture Charles Adami Barabue, WI 81 80 Western Family Holding Company westernfamily.com 768 785 56 59 Grocery Ron King Portland, OR 82 85 Arkansas Electric Cooperative Corporation aecc.com 767 736 1,763 1,609 Energy & Comm. Duane D. Highley Little Rock , AR 83 95 Tillamook County Creamery Association tillamook.com 760 627 427 406 Agriculture Patrick G. Criteser Tillamook, OR 84 83 Ag First Farm Credit Bank agfirst.com 758 838 28,844 28,891 Finance Leon T. Amerson Columbia, SC 85 84 Piggly Wiggly Alabama pwadc.net 746 740 105 106 Grocery David Bullard Bessemer, AL 86 86 Wabash Valley Power Association wvpa.com 735 701 932 940 Energy & Comm. Rick Coons Indianapolis, IN 87 87 United Farmers Cooperative (2) ufcoop.com 726 712 153 227 Agriculture Carl Dickinson York, NE 88 88 FCS of Mid- America e-farmcredit.com 725 728 20,032 19,057 Finance Bill Johnson Louisville, KY 89 90 Watonwan Farm Service Company wfsag.com 717 606 142 222 Agriculture Todd Ludwig Truman, MN 90 91 Associated Grocers, Inc. agbr.com 717 685 111 110 Grocery J. H. Campbell, Jr. Baton Rouge, LA 91 93 Frenchman Valley Farmers Cooperative Inc. fvcoop.com 695 704 247 223 Agriculture Jim Haarberg Imperial , NE 92 77 West Central Cooperative west-central.com 682 864 335 302 Agriculture Jeffrey Stroburg Ralston, IA 93 94 Central Valley Ag Cooperative cvacoop.com 682 699 247 249 Agriculture Doug Derscheid Oakland, NE 94 96 Pentagon Federal Credit Union penfed.org 669 717 16,841 15,532 Finance James Schenck Alexandria, VA 95 97 Hoosier Energy Rural Electric Co-op Inc. hepn.com 668 648 1,850 1,713 Energy & Comm. J.Steven Smith Bloomington, IN 96 Cobb Electric Membership Corp. cobbemc.com 667 627 912 936 Energy Chip Nelson Marietta, GA 97 99 Associated Grocers of Florida, Inc agfla.com 666 635 160 160 Grocery Christopher Miller Pompano Beach, FL 98 92 Trupointe Cooperative** trupointe.com 651 711 217 197 Agriculture Larry J. Hammond Piqua, OH 99 75 New Cooperative, Inc. newcoop.com 641 850 286 277 Agriculture Brent Bunte Fort Dodge, IA 100 98 Buckeye Power, Inc buckeyepower.com 640 627 2,037 2,119 Energy & Comm. Anthony J. Ahern Columbus, OH

1) Dairylea, Inc merged with Dairy Farmers of America. The merger became effective on * Much of the information in this report has been provided to NCB from outside sources. NCB April 1, 2014. TOTALS 243,178 233,603 521,063 478,885 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. 2) United Farmers Cooperative merged with Central Valley Ag Cooperative. The merger became effective on September 1, 2014. ** Information provided by the USDA.

INDUSTRY Did you know there are... BY SECTOR How does your co-op build a better world? Together, with my co-leader Donn DeVelder, we promote the fact that strengthening rural America 120 through its core business — agriculture — builds both rural communities and cooperatives. MILLION SHERYL MASHKE | Co-PRESIDENT & CEO | ASSOCIATED MILK PRODUCERS, INC. AGRICULTURE 52 Co-ops Cooperative $149.5 Billion In Revenue members across the US serving... CO-OPS PROVIDE CREDIT UNION GROCERY 2.1 MILLION BANK ON IT 13 Co-ops JOBS & CREATE MORE THAN Did you know more than $37.4 Billion In Revenue 140 100 million people are $75 BILLION members of a credit union? MILLION IN ANNUAL WAGES ENERGY & WITH REVENUE OF NEARLY COMMUNICATIONS $650 BILLION 18 Co-ops customers! $21 Billion In Revenue HEALTH CARE 2 Co-ops $9.2 Billion In Revenue HARDWARE & LUMBER How does your co-op build a better world? 4 Co-ops FINANCE $10 Billion In Revenue 9 Co-ops Our co-op builds a better world in every one of the communities in which our farm families tend to their farms, own and operate $12.9 Billion In Revenue manufacturing facilities, and sell branded Cabot product. We collectively appreciate and honor the shared responsibility to ensure a sustainable future on behalf of our members, employees and consumers for many generations to come. OTHER 2 Co-ops $3.2 Billion ED TOWNLEY | CEO | AGRIMARK In Revenue WHO WE ARE*

We believe in we. Not I. We see opportunity in each other. And everywhere. We are members. We are owners. We are mothers, fathers, daughters, sons. We are family. We leverage generation. We learn from our past. We keep our eye on the future. We are adaptable. We are unpredictable. We are unstoppable. We love what we do. We love to laugh. We play well with others. We believe children enrich our present. We believe children inspire our future. We are driving positive social change. We know local matters. We are built for you. We are built by you. We are active in the pursuit of equality. Equity. Happiness. We are masters of our own destiny. We give back. We give big. We never stop dreaming. We are leaders. We are life changers. We are steadfast in optimism. We empower people. We are yours. We are yours to own. We care. We are connected. We are intricate. We aren’t complicated. We offer value. We live with values. We see good things happen everyday. We improve lives. We are people helping people. We create jobs for our economy. We operate on principle. We believe in the power of numbers. We believe everyone has a voice and should be heard. We remove barriers. We don’t create them. We are limitless. We create awareness. We go together toward success. We pay attention to detail. We foster creativity and innovation. We dare to be different. We honor the individual. We celebrate the collective. We are on time. We are timeless. We are universal. We are a movement. We are for everyone. We always have been. We always will be. We are many members. We are one force. We are one vision. We are building a better world. Now. Together.

WE ARE A COOPERATIVE.