Tri-State takes its place among top 100 revenue-earning co-ops

Tri-State headquarters

With 2010 operating revenue of $1.2 billion, Tri-State comes in at number 38 among the nation’s top 100 revenue-earning cooperatives, according to an annual list just released by the National Consumer Cooperative Bank (NCB). The top 100 listing includes not just electric cooperatives, but all cooperative categories among several industry sectors.

NCB is known for providing financial support to cooperatives nationwide. It recently released its annual NCB Co-op 100, listing the nation’s top 100 revenue-earning cooperative businesses. In 2010, the cooperatives on the list cumulatively posted revenues totaling approximately $194 billion.

“The boom of cooperative organizations and the key role they play in both our national and global economy, is clearly evidenced in the growth and expansion highlighted in this year’s report,” said Charles E. Snyder, NCB’s president and CEO. “As a cooperative business ourselves, we are proud to support these efforts and participate in the United Nations General Assembly declaration of 2012 as the International Year of the Cooperative, to educate the public on the benefits of cooperatives. Our report is just one of the many ways we work to inform the public on the advantages of cooperatives in all fields of enterprise.”

The NCB Co-op 100 is released annually during October, which is National Co-op Month. A total of 20 electric cooperatives are included on this year’s list, including fellow G&Ts Basin Electric (#29), Seminole Electric (#31) and Oglethorpe Power (#35).

 

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