NAICS Code 813990-02 - Cooperatives
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NAICS Code 813990-02 Description (8-Digit)
Hierarchy Navigation for NAICS Code 813990-02
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Tools
Tools commonly used in the Cooperatives industry for day-to-day tasks and operations.
- Cooperative management software
- Member management software
- Financial management software
- Inventory management software
- Marketing and sales software
- Communication tools (e.g. email, messaging apps)
- Accounting software
- Project management software
- Data analysis tools
- Legal and compliance software
Industry Examples of Cooperatives
Common products and services typical of NAICS Code 813990-02, illustrating the main business activities and contributions to the market.
- Agricultural cooperatives
- Credit unions
- Housing cooperatives
- Consumer cooperatives
- Energy cooperatives
- Worker cooperatives
- Health care cooperatives
- Retail cooperatives
- Fishery cooperatives
- Artisan cooperatives
Certifications, Compliance and Licenses for NAICS Code 813990-02 - Cooperatives
The specific certifications, permits, licenses, and regulatory compliance requirements within the United States for this industry.
- Fair Trade Certification: This certification ensures that the cooperative follows fair trade practices, including fair wages, safe working conditions, and environmental sustainability. It is provided by Fair Trade USA.
- USDA Organic Certification: This certification ensures that the cooperative's products are grown and processed without the use of synthetic fertilizers, pesticides, or genetically modified organisms. It is provided by the United States Department of Agriculture.
- National Cooperative Business Association Membership: This membership provides access to resources, education, and advocacy for cooperatives. It is provided by the National Cooperative Business Association.
- Worker Cooperative National Certification: This certification ensures that the cooperative is democratically owned and operated by its workers. It is provided by the Democracy at Work Institute.
- National Rural Utilities Cooperative Finance Corporation Membership: This membership provides access to financing and other resources for rural electric and telecommunications cooperatives. It is provided by the National Rural Utilities Cooperative Finance Corporation.
History
A concise historical narrative of NAICS Code 813990-02 covering global milestones and recent developments within the United States.
- The cooperative movement began in Europe in the 19th century, with the Rochdale Society of Equitable Pioneers in England being the first successful cooperative. The cooperative movement spread to other countries, including the United States, where the first cooperative was established in 1752. In the US, cooperatives have played a significant role in the agricultural sector, with the first agricultural cooperative being established in 1867. In recent history, cooperatives have expanded into other sectors, including finance, healthcare, and retail. For example, the largest cooperative in the US is the Navy Federal Credit Union, which has over 10 million members and $125 billion in assets.
Future Outlook for Cooperatives
The anticipated future trajectory of the NAICS 813990-02 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.
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Growth Prediction: Stable
The future outlook for the Cooperatives industry in the USA is positive. The industry is expected to grow in the coming years due to the increasing demand for locally sourced and organic products. Cooperatives are becoming more popular as consumers are looking for ways to support local businesses and communities. Additionally, cooperatives are expected to benefit from the growing interest in sustainable and environmentally friendly practices. The industry is also expected to benefit from advancements in technology, which will help cooperatives to streamline their operations and improve their efficiency. Overall, the future looks bright for the Cooperatives industry in the USA.
Industry Innovations for NAICS Code 813990-02
Recent groundbreaking advancements and milestones in the Cooperatives industry, reflecting notable innovations that have reshaped its landscape.
- The National Cooperative Bank launched a new program to provide financing to cooperatives that are focused on renewable energy and energy efficiency projects.
- The National Cooperative Grocers Association launched a new program to help cooperatives reduce their carbon footprint and become more sustainable.
- The National Cooperative Business Association launched a new program to help cooperatives improve their marketing and branding efforts.
- The National Cooperative Business Association launched a new program to help cooperatives improve their governance and management practices.
- The National Cooperative Business Association launched a new program to help cooperatives improve their financial management and reporting.
NAICS Code 813990-02 - Cooperatives
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