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Strong showing from Co-op on Sask. Top 100 list

By Dan Yates

September 21, 2018

Co-op continues to be an important driver of Saskatchewan’s economy and is making sizable investments to support the province’s future growth.

Twenty-one local Co-ops are included SaskBusiness Magazine’s 2018 ranking of the Top 100 companies in Saskatchewan. They’re joined on the list by Saskatoon-based Federated Co-operatives Limited (FCL), which placed second in the rankings. Combined, FCL and these retail co-ops had sales of almost $12.4 billion in 2017. That includes $9.8 billion in revenue — with $575 million in net earnings — recorded by FCL.

“Co-op is a diverse and resilient network of locally owned organizations that continue to answer challenges, create opportunities and deliver important goods and services, just as they have done for generations,” said FCL CEO Scott Banda. “This success is the product of strong relationships with Co-op members and customers, the commitment of employees to their communities and the significant investments local retail co-ops are making to position themselves for the future — meaningful activities that will generate long-term benefits in Saskatchewan and throughout all of Western Canada.”

Economic impact in Saskatchewan

Today, there are 99 local Co-ops in Saskatchewan operating hundreds of food stores, home centres, gas bars, commercial cardlock facilities, agro centres and liquor outlets. This network is supported by the wholesale, manufacturing, marketing and administrative operations of FCL, which includes the Co-op Refinery Complex in Regina.  

Together, FCL and these retail co-ops employ close to 10,000 people in Saskatchewan. In the last five years, they have made the following investments that have benefited communities of all sizes:

  • $395 million returned to Co-op members and customers in Saskatchewan in the form of patronage dividends.
     
  • $467 million invested by local Co-ops in new, upgraded or expanded facilities in Saskatchewan.
     
  • $3.5 billion invested in capital projects across Western Canada by FCL, including fertilizer terminals, petroleum manufacturing and distribution systems and upgrades to the Co-op Refinery Complex in Regina.  

Co-ops in the SaskBusiness Top 100

Ranking Wholesale/Retail Co-operative Location
2 Federated Co-operatives Limited Saskatoon
21 Saskatoon Co-operative Association Ltd. Saskatoon
29 Pioneer Co-operative Association Ltd. Swift Current
31 Lake Country Co-operative Association Ltd. Prince Albert
35 Sherwood Co-operative Association Ltd. Regina
44 Lloydminster & District Co-operative Association Ltd. Lloydminster
52 Discovery Co-operative Association Ltd. North Battleford
63 Prairie Co-operative Association Ltd. Melville
66 Moose Jaw Co-operative Association Ltd. Moose Jaw
69 Yorkton Co-operative Association Ltd. Yorkton
71 Meadow Lake Co-operative Association Ltd. Meadow Lake
74 Prairie Sky Co-operative Association Ltd. Weyburn
78 Kindersley & District Co-operative Association Ltd. Kindersley
79 Southern Plains Co-operative Association Ltd. Estevan
80 Prairie North Co-operative Association Ltd. Melfort
86 Pineland Co-operative Association Ltd. Nipawin
88 Delta Co-operative Association Ltd. Unity
90 Central Plains Co-operative Association Ltd. Rosetown
91 Borderland Co-operative Ltd. Moosomin
92 Southland Co-operative Ltd. Assiniboia
94 Riverbend Co-operative Association Ltd. Outlook
98 Beeland Co-operative Association Ltd. Tisdale