Benefits to Members
Cooperative Business NZ has a strong focus on delivering value to its Members across 5 work streams as set out in its Business Plan:
- Advocacy: including media interviews, website postings, LinkedIn postings, external presentations.
- Value proposition: including promotional materials and presentations to potential and current Members, monthly newsletters, website content and development, general communications.
- Events: including Co-op Business Leaders’ Forum, Co-op Annual Awards Dinner, Co-op Governance Training Programs, Co-op Leadership Development Programs, Co-op Roundtable Discussions.
- External Relations: including NZ government departments and agencies, MPs, Business Advisory Council, International Co-op Alliance.
- Collaboration: including between Full Members as well as promoting the services of our range of Corporate Associate Members.
Services provided to all Members:
- All Members will have an industry body that will advocate for, and provide appropriate advice and guidance within the cooperative business model, along with the cooperative sector itself here in NZ.
- All Members will have the opportunity to network with, and learn from, other Members at various educational and networking events held each year including an annual Co-op Business Leaders’ Forum, Annual Awards Dinner and quarterly Co-op Roundtable Discussions.
- All Members will have access to cooperative governance training and leadership development programs that are aligned to the cooperative business model.
- All Members will benefit from the findings of university research projects in relation to the cooperative sector here in NZ as well as overseas tertiary studies.
- Cooperative Business NZ will act as the knowledge centre for internal and external research, data and IP.
In addition the following specific services are provided under the 4 membership categories:
1. Full Membership (businesses and organisations):
- Cooperative Business NZ will lead its Full 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 Full Members, for example exclusions from the need to produce Product Disclosure Statements when raising share capital.
- All Full Members will be provided with the opportunity to collaborate as we seek to drive effective “Cooperation Amongst Cooperatives”, eg. preferred supply agreements, sharing of information and resources, lowering costs through aggregation of purchasing requirements.
- Cooperative Business NZ will link its Full Members to the International Co-operative Alliance and its resources, promotional materials, global conferences etc.
- Cooperative Business NZ will organize and facilitate discussion groups in relation to specific issues eg. sustainability, resilience, raising share capital, best practice governance, feedback to NZ government.
- All Full (and Provisional) Members will have access to business support from a range of Corporate Associate Members ie. non-cooperatives that wish to provide their services to our Full Members provided there is no duplication nor conflict of interest with existing Members.
- Other services as above
Note: By being a Full Member 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 effective co-op governance training, or to lobby with the FMA on legislative change.
2. Provisional Membership: (co-op start-ups or non-coop businesses that are considering becoming co-ops)
- Cooperative Business NZ will encourage and support new start-up businesses as they either consider, or seek, to become cooperatives otherwise existing non-coop businesses that are considering operating under the co-op business model.
- Meet with interested parties.
- Provision of Start-up Guide, including explanation of different types of co-ops, mutuals and societies.
- Provide advice and guidance on the best process to follow in becoming registered as a co-op (or mutual or society), including drafting constitutions and business plans, selecting and forming a Board, attracting Members, raising funds and operating through the first 12 months.
- Other services as above.
3. Corporate Associate Membership: (non-cooperative businesses that wish to support our Full and Provisional Members)
- Opportunity to provide professional services to all Full and Provisional Members eg. financial advisory, financial reporting and audit, legal, governance training, business consulting, executive recruitment, ERP systems, share trading platform, mental health support.
- Other services as above.
4. Individual Associate Membership (individuals):
- Opportunity to support Cooperative Business NZ, and the cooperative movement locally, by providing advice and guidance along with specific services on a voluntary basis.
- Other services as above.
Finally by being a Member of Cooperative Business NZ 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 Membershipis open to cooperatives, mutuals and societies whose constitutions, or governing documents, provide that the cooperative 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.
- Provisional Membershipis for groups of individuals, businesses and organisations who are intending to set up a new cooperative business, otherwise are considering 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.
- Corporate Associate Membershipis for non-cooperative businesses and organisations that wish to provide their professional services to Co-operative Businesses NZ’s Full and Provisional Members and / or wish to support the cooperative movement here in NZ.
- Individual Associate Membershipis for individuals who are keen to support and be involved with the cooperative movement in this country. The cost is $120 plus GST a year. Apply for Individual Associate membership by filling out the Form Here.
See who’s involved
Top Co-operatives and Mutuals
|Top 40 Co-ops, 2017/18 Revenues||NZ$|
|2||Foodstuffs North Island||6,640,000,000|
|3||Foodstuffs South Island||3,071,000,000|
|6||Silver Fern Farms||2,200,000,000|
|8||Southern Cross Healthcare||987,000,000|
|10||Mitre 10 (NZ)||850,000,000|
|12||Westland Milk Products||692,000,000|
|15||Independent Timber Merchants||515,000,000|
|17||Tatua Cooperative Dairy Co||357,000,000|
|19||Farmers Mutual Group||283,000,000|
|20||Livestock Improvement Corp||236,000,000|
|24||Dairy Goat Cooperative||193,000,000|
|25||The Co-operative Bank||155,000,000|
|27||Pharmacy Wholesalers (BOP)||138,683,000|
|28||Medical Assurance Society||124,494,000|
|32||Co-op Money NZ||29,144,000|
|35||The Organic Dairy Hub Co-op||25,000,000|
|37||Marlborough Grape Prod Group||24,390,000|
|38||First Credit Union||22,400,000|
|40||Fruitpackers Coop (Frupak)||15,175,000|
NZ’s top 40 co-operatives, mutuals and societies generated almost $NZ48.4 billion in revenues over their respective 2017/18 financial years, this equating to 16.0% of NZ’s GDP ($NZ302 billion in 2017 calendar year).
Data on 2017/18 revenues were 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, eg. Mitre 10, ITM, BuildLink, World Travellers and Composite Retail.
|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|