Why join: here’s 15 good reasons
- All Members will have an industry body that will advocate for the cooperative business model and the cooperative sector itself here in NZ.
- Cooperative Business NZ will lead its Members to NZ’s government departments and agencies, and politicians as required.
- Cooperative Business NZ will help negotiate and lobby for legislative change via the Financial Markets Authority for the benefit of its Members, for example exclusions from the need to produce Product Disclosure Statements when raising share capital.
- All Members will have access to governance and leadership training that is aligned to the cooperative business model.
- All Members will have the opportunity to network with, and learn from, other Members at various educational events held each year including an annual Co-op Business Leaders’ Forum, an Annual Awards Dinner and various Co-op Roundtable Discussions.
- All Members will be provided with the opportunity to collaborate as we seek to drive effective “Cooperation Amongst Cooperatives”, for example preferred supplier agreements, sharing of information and resources, lowering costs through aggregation of purchasing requirements.
- All Members will benefit from the findings of university research projects in relation to the NZ cooperative sector, for example that released in January 2017 titled “The NZ Co-operative Economy”.
- Cooperative Business NZ will act as the knowledge centre for internal and external research, data and IP.
- Cooperative Business NZ will link its Members to the International Co-operative Alliance and its resources, promotional material, global conferences etc.
- Cooperative Business NZ will provide advice and guidance within the cooperative business model.
- Cooperative Business NZ will organize and facilitate cooperative discussion groups in relation to specific issues.
- Cooperative Business NZ will encourage and support new start-up businesses and organisations as they either consider becoming cooperatives, or seek to become co-operatives.
- Cooperative Business NZ will seek to extend its value proposition to its Full Members by adding Corporate Associate Members to its base ie. non-cooperatives that wish to provide their services to Full Members provided there is no duplication or conflict of interest.
- By being a Member of Cooperative Business NZ your business will be supporting the cooperative sector locally including those smaller co-ops which do not have the resources to provide such things as internal governance training, or to lobby with the FMA on legislative change.
- Finally by being a Member you will be supporting an organisation that advocates for a business model that is sustainable economically, socially and environmentally and that can only be good for NZ as a country!
Levels of membership
- Full Membership is open to co-operatives, mutuals and other organisations whose constitutions or governing documents provide that the co-operative principle is paramount. The current annual subscription fee is available upon request and you can apply for full membership by filling out the Form Here.
- Individual Associate Membership is for individuals who are keen to support and be involved with the co-operative movement in this country. The cost is $120 plus GST a year. Apply for Individual Associate membership by filling out the Form Here.
- Corporate Associate Membership is for non-cooperative businesses and organisations which wish to provide their products / services to Co-operative Businesses NZ’s Members and / or wish to support the co-operative business model and co-operative movement here in NZ.
- Provisional Membership is for individuals, businesses and organisations who are intending to set up a new co-operative business otherwise looking into converting an existing business into a cooperative. Apply for provisional membership by filling out the Form here. The cost is $300 plus GST a year
See who’s involved
Top Co-operatives and Mutuals
Published on: May 11, 2018
|2||Foodstuffs North Island||6,438,000,000|
|3||Foodstuffs South Island||2,970,000,000|
|5||Silver Fern Farms||2,200,000,000|
|8||Southern Cross Healthcare||923,000,000|
|9||Mitre 10 (NZ)||818,000,000|
|11||Westland Milk Products||629,700,000|
|15||Independent Timber Merchants||515,000,000|
|16||Tatua Cooperative Dairy Co||328,000,000|
|19||Farmers Mutual Group||268,235,000|
|22||Livestock Improvement Corp||203,129,000|
|23||Dairy Goat Cooperative||193,000,000|
|26||The Co-operative Bank||142,453,000|
|27||Pharmacy Wholesalers (BOP)||138,683,000|
|28||Medical Assurance Society||124,494,000|
|34||Co-op Money NZ||29,144,000|
|38||Marlborough Grape Prod Group||24,390,000|
NZ’s top 40 co-operatives, mutuals and societies generated over $NZ45.475 billion in revenues over their respective 2016/17 financial years, this equating to 17.4% of NZ’s GDP.
Data on 2016/17 revenue was gathered from annual reports and/or financial statements published by the organisations. These were retrieved from the NZ Companies Office register or from the organisations’ various websites. Where annual reports or financial statements were not publically available, the information was sourced by contacting the organisations directly. There is some variability in the reporting with revenue for retail / wholesale co-operatives, which represent a B:B co-operative business model, reflecting the total value of purchases made by respective Members (ie. retail stores) from their parent company buying offices, and not the sum of the revenues of the stores themselves.
|Rank||Co-operative||Revenue (in Millions)|
|1.||Fonterra Co-operative Group||18,845.0|
|2.||Foodstuffs - North Island||6,238.8|
|3.||Foodstuffs - South Island||2,721.3|
|4.||Silver Fern Farms||2,434.4|
|9.||Southern Cross Medical Care Society||817.8|
|10.||Ravensdown Fertiliser Co-operative||711.4|
|11.||Mitre 10 (New Zealand)||708.6|
|12.||Westland Co-operative Dairy Co||639.3|
|13.||Independent Timber Merchants Co-operative||398.0|
|16.||Tatua Co-operative Dairy Co||285.7|
|18.||Livestock Improvement Corporation||228.4|
|19.||FMG (FMG Insurance Limited)||209.3|
|20.||Southland Building Society (SBS Bank)||183.3|
|22.||Dairy Goat Cooperative (NZ)||156.7|
|24.||Pharmacy Wholesalers (Bay of Plenty)||132.9|
|25.||Ashburton Trading Society||119.4|
|26.||The Co-operative Bank||110.7|
|27.||Union Medical Benefits Society||52.7|
|29.||Medical Assurance Society||32.7|
|30.||Co-op Money NZ||24.7|
Total Revenue = $NZ 42.354 billion pa.Notes - Organisations were drawn from the 2015 Top 40 Co-operatives and Mutuals by revenue published by Cooperative Business New Zealand and who meet the member/user ownership, control and benefits criteria elaborated on in the methodology. We except this definition excludes some organisations that operate as co-operatives or mutuals in other countries but not in New Zealand since in these instances ownership, control and benefits accrue to the overseas members (e.g. Rabobank). Data on revenue was gathered from annual reports and/or financial statements published by the organisations. These were retrieved from the NZ Companies Office register or from the organisations’ websites. Where annual reports or financial statements were not publically available, the information was sourced by contacting the organisations directly. The reporting period considered was 2014/2015. However, there is some variability in the reporting period/financial year among the co-operatives and mutuals. Revenue for Capricorn Society Limited in New Zealand and Independent Timber Merchants Co-operative are not the revenue figures reported on the Profit and Loss statements. The figures represent the total value of purchases made by respective Members (e.g. retail stores) from their parent company buying offices.
|Rank||Co-operative||Total Assets (in Millions)|
|1.||Fonterra Co-operative Group||18,315.0|
|2.||Southland Building Society (SBS Bank)||2,862.6|
|3.||Foodstuffs - North Island||2,645.6|
|4.||The Co-operative Bank||1,806.3|
|5.||Foodstuffs South Island||1,010.5|
|6.||Silver Fern Farms||627.0|
|7.||Southern Cross Medical Care Society||602.1|
|9.||Westland Co-operative Dairy Co||538.1|
|11.||Ravensdown Fertiliser Co-operative||533.2|
|13.||FMG (FMG Insurance Limited)||419.1|
|15.||Livestock Improvement Corporation||301.5|
|17.||Tatua Co-operative Dairy Co||241.4|
|18.||Dairy Goat Co-operative (NZ)||232.3|
|20.||Mitre 10 (New Zealand)||174.8|
|22.||Co-op Money NZ||115.9|
|23.||Union Medical Benefits Society||112.7|
|25.||Medical Assurance Society||85.5|
|26.||Independent Timber Merchants Co-operative||68.5|
|29.||Ashburton Trading Society||31.3|
|30.||Pharmacy Wholesalers (Bay of Plenty)||22.4|
Total Assets = $ NZ 33,477.7 billionNotes - Data on total assets was gathered from annual reports and/or financial statements published by the organisations. These were retrieved from the NZ Companies Office register or from the organisations’ websites. Where annual reports or financial statements were not publically available, the information was sourced by contacting the organisations directly. The reporting period considered was 2014/2015. However, there is some variability in the reporting period/financial year among the co-operatives and mutuals.
|Rank||Co-operative||Number of Employees|
|1.||Fonterra Co-operative Group||22,000|
|2.||Silver Fern Farms||7,000|
|5.||Foodstuffs - North Island||1,800|
|6.||Foodstuffs South Island||1,350|
|9.||Southern Cross Medical Care Society||750|
|10.||Ravensdown Fertiliser Co-operative||750|
|11.||Mitre 10 (New Zealand)||750|
|12.||Livestock Improvement Corporation||710|
|14.||FMG (FMG Insurance Limited)||468|
|15.||Westland Co-operative Dairy Co||375|
|17.||Southland Building Society (SBS Bank)||350|
|18.||Tatua Co-operative Dairy Co||345|
|19.||The Co-operative Bank||310|
|22.||Dairy Goat Co-operative (NZ)||190|
|24.||Medical Assurance Society||175|
|26.||Ashburton Trading Society||90|
|27.||Co-op Money NZ||60|
|28.||Pharmacy Wholesalers (Bay of Plenty)||35|
|29.||Union Medical Benefits Society||35|
|30.||Independent Timber Merchants Co-operative||25|
Total Employees = 48,455Notes - Data on employees was sourced from annual reports and/or financial statements published by the organisations. These were retrieved from the NZ Companies Office register or from the organisations’ websites. Where data on employee numbers was not available from annual reports, the information was sourced from responses to the University of Auckland Icehouse survey or the Kompass database. Since the Kompass database provides a range for employee numbers, the midpoint of the range was used, and hence the data should be interpreted with caution. The reporting period considered was 2014/2015. However, there is some variability in the reporting period/financial year among the co-operatives and mutuals. Some data includes overseas employees
|Rank||Co-operative||Number of Memberships|
|1.||Southern Cross Medical Care Society||811,462|
|2.||Co-op Money NZ||190,000|
|3.||The Co-operative Bank||120,000|
|5.||FMG (FMG Insurance Limited)||52,000|
|6.||Southland Building Society (SBS Bank)||40,000|
|7.||Medical Assurance Society||28,000|
|8.||Ravensdown Fertiliser Co-operative||26,000|
|11.||Fonterra Co-operative Group||10,753|
|12.||Livestock Improvement Corporation||10,537|
|13.||Silver Fern Farms||6,000|
|17.||Ashburton Trading Society||2,701|
|19.||Foodstuffs South Island||500|
|21.||Foodstuffs - North Island||433|
|22.||Westland Co-operative Dairy Co||400|
|25.||Pharmacy Wholesalers (Bay of Plenty)||170|
|26.||Tatua Co-operative Dairy Co||118|
|27.||Independent Timber Merchants Co-operative||94|
|28.||Dairy Goat Co-operative (NZ)||72|
|29.||Mitre 10 (New Zealand)||65|
|30.||Union Medical Benefits Society|