ARLINGTON, Va.—The nation's three largest credit unions are among the top 100 cooperatives on National Cooperative Bank's annual Top 100 Co-op rankings.
Navy FCU, Merrifield, Va., was ranked 14th overall and was the second largest cooperative financial institution. State Employees CU, Raleigh, N.C., was 52nd overall and fifth among financial institutions. Pentagon FCU, Alexandra, Va., was 76th overall and seventh among financial institutions.
"NCB's Co-op 100 list is just another tool to help promote cooperatives and the impace these businesses make in our economy," NCB CEO Charles Snyder wrote in the report. "In 2011, the top 100 cooperatives generated nearly $216 billion in revenue, an increase of 11% from 2010."
NCB looks at co-ops across a range of categories, including agriculture, grocery and food distribution, energy and communications, finance, hardware and lumber and healthcare. The top category (by revenue generated) was agriculture ($125.6 million). Finance was in fourth place with $13.7 million.