WASHINGTON—The nation's three largest credit unions made it onto the National Cooperative Bank's annual NCB Co-op 100 list, which ranks the top performing cooperatives in the U.S.
Navy FCU, Vienna, Va., took the 12th spot on the list. The $54 billion credit union was ranked 14th the previous year. The $27 billion State Employees CU, Raleigh, N.C., was ranked 60th, slipping down from the 52nd spot the previous year. Alexandria, Va.-based Pentagon FCU, came in at No. 87. The $15.8 billion credit union dropped 10 spots from its previous ranking at No. 77.
The NCB Co-op 100 ranks cooperatives across all industries based on revenue. The top 10 was dominated by agriculture-based co-ops, with the ag co-ops making a combined $139 billion in revenue, the single-largest industry contribution to the total $226.4 billion in revenue tallied by all co-ops, according to NCB. Of the eight industries tracked by NCB, financial cooperatives were ranked fourth with total revenue of $12.2 billion.
Navy wasn't just the top credit union on the list, it was also the top performer among all financial cooperatives, with Greenwood, Colo.-based CoBank the second financial cooperative on the overall list, coming in at No. 20.
