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Co-Op Facts

When it comes to making economic and charitable contributions to their communities, the nation's more than 40,000 cooperative businesses are industry leaders, setting the bar high for other types of businesses.

A cooperative is a business founded, operated and owned by the people it serves. The economic impact of cooperatives is enormous. At a time of increasing concern about the national economy, co-ops are creating jobs, income and opportunity in their communities every day. Consider these facts :

  • U.S. cooperatives serve more than 130 million members, or 43 percent of all Americans.
  • Co-ops generate hundreds of thousands of jobs and billions of dollars in income for their communities through their day-to-day activities. They generate revenue in excess of $230 billion a year.
  • In the U.S., there are 43 cooperatives with annual revenues in excess of $1 billion. The top 100 co-ops, which include all five Farm Credit System banks, have a combined $140 billion in revenues.
  • Cooperatives employ more than half a million Americans and have total payrolls of more than $15 billion annually. Nearly 3,000 farmer-owned cooperatives account for 300,000 jobs nationwide and a total payroll of more than $8 billion.
  • The Farm Credit Bank of Texas and its affiliated lending cooperatives in Alabama, Louisiana, Mississippi, New Mexico and Texas directly employ almost 1,100 people.
  • About 30 percent of farmers’ products in the U.S. are marketed through co-ops.

Co-ops also have a strong commitment to their communities because they are member-owned and member-controlled businesses. Through cash contributions, volunteerism and more, co-ops invest in new community businesses and support local causes ranging from education to the environment.