Mission

Our mission is to provide affordable, secure, financially and environmentally sustainable housing for people on low incomes, primarily in the South and East of Melbourne who are committed to cooperative democracy and engagement.

Services

The services provided by SouthEast define its reality as a housing co-op. SouthEast commits to ensuring its long term capacity to continuous improvement of all services.

Members

Members own and control their co-op and this is the essential characteristic of SouthEast. The board represents the members best through its obligation to be representative, accountable and transparent.

Co-operation

SouthEast is committed to the values of cooperation, voluntary membership, democratic control, autonomy & independence, co-op education and cooperation between co-ops.

co-ops-ozby Annual Turnover - August 2012

Extracted chapter from Griffiths, David (Ed.) Co-operators - Co-operation and Co-operatives, Southeast Housing Co-operative Ltd, 2012, pp 69-73.

Member Ownership

Co-operatives worldwide operate under the following seven key principles:

1. Voluntary and open membership

2. Democratic member control

3. Member economic participation

4. Autonomy and independence

5. Education, training and information

6. Co-operation among co-operatives

7. Concern for their community

Co-operatives Australia, as the national body for State Co-operative Federations, has compiled the following list of the top revenue generating co-operatives, mutuals and credit unions in Australia to increase the public awareness of the sector. Industries represented in the top 100 list include agriculture, consumer, finance, insurance and purchasing.

In Australia the top one hundred businesses that operate as Co-operatives, Mutuals and Credit Unions control a combined annual turnover in the order of $17.8 billion on behalf of the members who own those businesses.

1. Co-operative Bulk Handling Ltd (WA) $2.870 billion

2. Murray Goulburn Co-operative Co Limited (VIC) $2.280 billion

3. RACQ (QLD) $1.086 billion

4. Capricorn Society Ltd (WA) $1.030 billion

5. HBF of WA (WA) $1.012 billion

6. Australian Unity (VIC) $1.010 billion

7. CUSCAL (NSW) $930,000,000

8. RAC WA (WA) $504,000,000

9. Dairy Farmers Milk Co-operative Ltd (NSW) $502,939,000

10. National Roads and Motorists Association (NSW) $467,252,000

11. RACV (VIC) $443,300,000

12. Namoi Cotton Co-operative Ltd (NSW) $410,362,000

13. Norco Co-operative Limited (NSW) $351,474,000

14. Credit Union Australia (QLD) $320,748,000

15. People’s Choice Credit Union (SA) $213,583,000

16. Independent Liquor Group Dist. Co-operative Ltd (NSW) $211,819,302

17. Royal Automobile Association SA (SA) $193,526,000

18. Independent Liquor Group (Suppliers) Co-operative Ltd (NSW) $184,725,914

19. Chester Hill RSL & Bowling Club Co-operative (NSW) $177,519,671

20. Newcastle Permanent (NSW) $171,730,000

21. Heritage Bank Ltd (QLD) $147,793,000

22. Geraldton Fishermen’s Co-op Ltd (WA) $134,748,648

23. Northern Co-operative Meat Company Ltd (NSW) $129,906,000

24. Greater Building Society (NSW) $127,333,000

25. Plumbers Supplies Co-operative Ltd (NSW) $125,000,000

26. Western Australian Meat Marketing Co-op Ltd (WA) $124,000,000

27. Ravensdown Fertiliser Co-operative Ltd (WA) $120,000,000

28. Community CPS Australia (SA) $111,729,000

29. Teachers Mutual Bank Ltd (NSW) $110,782,000

30. IMB Limited (NSW) $106,579,000

31. NSW Sugar Milling Co-op (NSW) $103,362,042

32. University Co-operative Bookshop Limited (NSW) $94,627,112

33. bankmecu (VIC) $90,025,000

34. Hastings Co-operative (NSW) $85,710,321

35. Police & Nurses Credit Society Ltd (WA) $85,083,000

36. Southern Quality Produce Co-operative Limited (VIC) $80,000,000

37. Walgett Special 1 Co-operative Ltd (NSW) $71,765,130

38. The Community Co-operative Store (Nuriootpa) Ltd (SA) $62,310,000

39. Queensland Country Credit (QLD) $60,000,000

40. Qantas Credit Union (NSW) $56,365,000

41. Defence Bank (VIC) $54,993,091

42. Yenda Producers Co-operative Ltd (NSW) $50,509,852

43. Victoria Teachers Mutual Bank (VIC) $48,700,000

44. QTMB (QLD) $46,750,000

45. CEHL (VIC) $45,235,577

46. Police Credit Union (NSW) $44,398,372

47. Australian Wine Consumers Co-operative Ltd (NSW) $43,593,000

48. Bananacoast Community Credit Union (NSW) $40,792,999

49. CCW Co-op (SA) $40,600,000

50. Master Butchers Co-operative Ltd (SA) $38,237,600

51. Police Credit (VIC) $36,154,000

52. Australian Defence Credit Union (NSW) $34,135,078

53. Batlow Fruit Co-operative Ltd (NSW) $32,242,342

54. Credit Union SA Ltd (SA) $29,345,000

55. Lenswood Cold Stores Co-operative Ltd (SA) $28,376,797

56. Co-operative Purchasing Services Ltd (WA) $28,000,000

57. Maritime, Mining & Power Credit Union Ltd (NSW) $26,512,290

58. Mount Barker Co-operative Ltd (WA) $26,000,000

59. Labour Co-operative Ltd (NSW) $25,613,700

60. Police Credit Union Limited (SA) Ltd $25,302,618

61. Wesbuilders Co-operative Ltd (WA) $24,893,000

62. Sydney Credit Union (NSW) $23,947,532

63. Hume Building Society (NSW) $22,981,000

64. SGE Credit Union (NSW) $21,279,000

65. Associated Newsagents Co-operative (SA) Ltd (SA) $21,200,000

66. Queensland Police Credit Union Limited (QLD) $19,756,895

67. Rumbalara Aboriginal Co-operative Ltd (NSW) $19,271,288

68. Terang & District Co-operative (VIC) $19,100,000

69. Big Sky Credit Union (VIC) $19,049,000

70. Community Child Care Co-operative Limited (NSW) $19,034,908

71. Community First Credit Union (NSW) $18,095,000

72. Community Alliance Credit Union (NSW) $18,082,000

73. Summerland Credit Union Limited (NSW) $17,500,000

74. Legion Cabs (NSW) $17,167,901

75. Holiday Coast Credit Union (NSW) $16,925,000

76. Gateway Credit Union (NSW) $16,857,000

77. LOD Co-operative Haulage and Transport (NSW) $16,664,248

78. Genetics Australia Co-operative Ltd (VIC) $16,653,028

79. Riverina Co-operative Society (NSW) $15,700,619

80. Moulamein Grain Co-operative Ltd (NSW) $14,573,258

81. Clarence River Fishermen’s Co-operative Ltd (NSW) $14,475,567

82. Coleambally Irrigation (NSW) $14,445,000

83. Railways Credit Union (QLD) $14,340,257

84. Service One (ACT) $14,337,000

85. Nambucca River Co-operative Ltd (NSW) $13,894,587

86. Queenslanders Credit Union Limited (QLD) $13,817,812

87. Auburn RSL Club Co-op (NSW) $13,669,066

88. Young Services & Citizens Club Co-operative Limited (NSW) $13,442,386

89. York & Districts Co-operative Ltd (WA) $13,417,419

90. Commercial Fisherman’s Co-operative (NSW) $13,280,078

91. Junee District Co-operative Ltd (NSW) $13,154,090

92. Ingleburn RSL Sub-Branch Club (NSW) $12,639,609

93. Macleay Regional Co-operative Ltd (NSW) $12,152,958

94. Coffs Harbour Fishermen’s Co-operative Limited (NSW) $11,222,412

95. WAW Credit Union Co-operative (VIC) $10,997,816

96. Sweeter Banana Co-operative Ltd (WA) $10,348,000

97. Maitland Mutual Building Society Limited (NSW) $10,226,000

98. International Buddhist Association of Aust Co-op (NSW) $10,180,171.

99. Kojonup Co-operative Ltd (WA) $10,162,000

100. Aboriginal Medical Service Co-operative Limited (NSW) $9,291,845

Data Set

The first list of Top 100 Co-operatives, Credit Unions and Mutuals by Annual Turnover was published in June 2009, the second in September 2010 and the third in April 2011. Some businesses have moved up the list, some have moved down and others no longer appear on the list for various reasons e.g. no longer exist and the unavailability of financial information.

Co-operatives Australia expressly disclaims any warranties or representations, express or implied, of any kind as to the accuracy and completeness of any of the above, and invites any of the entities listed herein to supply evidence to support any requested corrections to the address mentioned on page 65. Entities not listed herein, and believe that they should have been listed, are invited to do likewise.

Annual Turnover

Data set based on total group revenue including marketing pool revenue classified off balance sheet by Australian Accounting Standards and International Accounting Standards. For building societies and credit unions we have used net interest income plus other income.

Data source: Turnover data sourced from the entities or from public records.

Data is based on most recent figures available to Co-operatives Australia. The turnover data is not strictly comparable. Turnover data is primarily for financial years ending in 2011 but not exclusively depending on data availability. Note, however, that building societies and credit unions are usually ranked by assets rather than turnover.

Membership and Employees

Membership and employee numbers are based on most recent data available. Membership and/or employee numbers were not always available. Following are therefore conservative numbers.

Total number of members: 12,860,286 Total number of employees: 29,957

Top 10 Co-operatives, Credit Unions and Mutuals with the most members

1. National Roads and Motorists Association (NSW) 2,200,000

2. RACV (VIC) 2,000,000

3. University Co-operative Bookshop Limited (NSW) 1,501,612

4. RACQ (QLD) 1,200,000

5. HBF (WA) 890,000

6. RAC WA (WA) 720,000

7. Royal Automobile Association SA (SA) 580,000

8. Credit Union Australia (QLD) 416,899

9. Heritage Bank Ltd (QLD) 300,000

10. Newcastle Permanent (NSW) 300,000

Top 10 Co-operatives, Credit Unions and Mutuals with the most employees

1. Co-operative Bulk Handling Ltd (WA) 2766

2. RACV (VIC) 2623

3. Murray Goulburn Co-operative Co Ltd (VIC) 2200

4. Labour Co-operative Ltd (NSW) 1494

5. Australian Unity (VIC) 1400

6. RAC WA (WA) 1232

7. People’s Choice Credit Union (SA) 1084

8. Northern Co-operative Meat Company Ltd (NSW) 960

9. Newcastle Permanent (NSW) 900

10. RACQ (QLD) 800

Turnover of top 100 by States

1. WA $5,992,852,067

2. NSW $5,137,201,648

3. VIC $4,154,207,512

4. QLD $1,709,311,964

5. SA $764,210,015

6. ACT $14,337,000

National Total $17,772,120,206

Turnover of top 100 by Industry

1. Agriculture $7,440,983,773

2. Consumer $3,711,413,280

3. Financial $3,206,476,219

4. Insurance $2,022,200,000

5. Purchasing $1,292,944,300

6. Housing $45,235,577

7. Transport $33,832,149

8. Social $19,034,908

National Total $17,772,120,206

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Location

SouthEast Housing Co-operative Ltd
Plaza Business Centre, the Hub, Level 3,
26 to 36 McCrae St. Dandenong 3175

Telephone: 03 9706 8005

Fax: 03 9706 8558

PO Box 7141 Dandenong Victoria 3175

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