PEC Ranks Among Top 100 U.S. Cooperatives According To National Cooperative Bank

“It’s an honor to be recognized as a top cooperative — the Top 100 list tracks cooperative successes, and we’re among some of the best cooperatives in the nation,” said Tracy Golden, PEC’s chief financial officer.

Johnson City, Texas – Based on its 2016 revenues of about $566 million, Pedernales Electric Cooperative was ranked for the second year in a row among the country’s top cooperatives on this year’s annual National Cooperative Bank Co-op Top 100 list. PEC moved up four spots from last year’s ranking.

“It’s an honor to be recognized as a top cooperative — the Top 100 list tracks cooperative successes, and we’re among some of the best cooperatives in the nation,” said Tracy Golden, PEC’s chief financial officer. “No matter the industry, cooperatives bring immense value and strength to the communities they serve.”

The list ranks cooperative businesses by revenue. Cooperatives of all kinds were ranked, including businesses in the agriculture, grocery, finance and health care sectors. The Top 10 included familiar names such as Dairy Farmers of America, Land O’Lakes and ACE Hardware.

Across industries, all cooperatives share the same business model and abide by seven cooperative principles. Cooperatives such as PEC are owned and controlled by their members and a board of directors. The board is democratically elected by the membership and sets the cooperatives’ policies and procedures. Cooperative members benefit from shared profits through capital credits, and the communities they serve are enriched through local programs.  

Learn more about PEC and the cooperative difference at pec.coop/principles.