The straight line

What We Have Seen in Cooperatives in 2012

What We Have Seen in 2012: Credit unions have been more profitable in 2012, compared to 2011. Through the first six months of 2012, credit unions increased their return on assets 0.84%. The number of credit unions in the nation has been declining, but they are still seeing steady growth in number of members and total assets.

As a cooperative, you are allowed to allocate various taxable items to your members.  Common items include qualified patronage and the section 199 deduction.  This benefit comes with some specific rules regarding reporting to your members and reporting to the Internal Revenue Service. When cooperatives make allocations to their members, they generally  have up to 81/2...

Organizations with fewer than 100 employees significantly trail their counterparts in the implementation of formal antifraud controls, according to a worldwide survey by the Association of Certified Fraud Examiners (ACFE).  Antifraud experts say formal controls can help small businesses prevent and detect instances of fraud that, left undiscovered, could lead to costly losses and possibly...

The CHS Annual Meeting is just around the corner! This year, our hospitality room will be hosted in the Mirage Room of the Hyatt Regency in Minneapolis on Wednesday, December 5th.  Come and see us from 3 PM to 7 PM for some great food, drinks, door prizes and company.  Watch for your invite in...

The USDA released its listing of the top 100 agricultural cooperatives much sooner for the 2011 year.  Agricultural cooperatives had record sales and income in 2011, surpassing the previous record set in 2008.  These 100 coops reported record sales of $148 billion in 2011, an increase of almost 30% over 2010.  Net income for the...