Top 100 co-ops in the USA have a joint turnover of $226bn

“Co-operatives employ millions of people, pay taxes and give back to their communities,” wrote Charles E. Snyder, chief executive of National Cooperative Bank, in the report’s intro. “They provide valuable products and services, trade in the global markets and deal with competition.

“While co-operatives may offer similar goods and services as publicly traded firms, they use a distinctly different business model. Co-ops operate for the benefit of their member-owners and communities.”

He added: “In 2020, co-ops across the country came together and supported their communities, continuing to stay open to serve their members.

Read the rest at Co-operative News