Western Grocer Serving the industry since 1916
Saskatoon, SK (Mar. 2, 2026) — On Mar. 1, 2026, delegates representing more than 150 local Co-ops across Western Canada gathered at Federated Co-operatives Limited’s (FCL) 97th Annual Meeting.
While addressing the delegation, CEO Heather Ryan commended the Co-operative Retailing System (CRS) for its resilience and commitment to its co-operatives values, during times of uncertainty in the world. Ryan further praised the CRS and how together, it remained steadfast in making a difference in the lives of members and the communities it proudly serves across Western Canada.
“2025 brought challenges and instability beyond our control. But I prefer to talk about what we’ve been able to accomplish and how at Co-op, we’re built for this — built by our members, to support our members, their families and the communities we call home,” said Heather Ryan, FCL CEO. “Despite the economic uncertainty, we stood together as Canadians, but more importantly, as a co-operative grounded in our values-based approach to business. With that, we are proud to return $261 million in patronage to local Co-ops and Co-op members across Western Canada.
At the end of fiscal year, FCL achieved total sales of $11.7 billion and $462 million in net earnings, returning $261 million in patronage to local Co-ops. Over the past five years, FCL has given back nearly $1.6 billion to local Co-ops, resulting in consistent support of more than 650 communities across Western Canada.
The 97th Annual Meeting marked Paul Hames’ first year, as President/Chair of FCL’s Board of Directors. Together, the membership reviewed the 2025 financial results and discussed the current and future state of the CRS.
“In my first year as President/Board Chair, I’ve been honoured to witness first-hand the strength of FCL and the Co-operative Retailing System,” said Paul Hames, President/Board Chair of FCL. “Building off our core values and deep commitment to community, we must listen, learn and lead together, as the CRS continues to evolve. I’m optimistic about where we’re going —not because the path is easy, but because I believe in the people who are taking us there.”
The company’s values-based approach to business has always centered on what matters most to local Co-ops, their members and communities. As it looks toward the future, FCL plans to further that commitment in providing value to the CRS and to build on its legacy as a truly local and proudly Canadian co-operative.
For more information on FCL’s 2025 fiscal year, please visit www.fcl.crs/annual-report
About Federated Co-operatives Limited and the Co-operative Retailing System
Federated Co-operatives Limited (FCL), based in Saskatoon, is focused on providing more than 150 local Co-ops across Western Canada with strategy and leadership, wholesaling, manufacturing, logistics, operational support, business-enabling services and marketing support. Together, FCL and those local co-operatives form the Co-operative Retailing System (CRS). The CRS serves our members and communities with products and services that help grow, build, feed, and fuel individuals and communities from Vancouver Island to northwestern Ontario. Our total workforce of over 27,500 employees serve more than 2.2 million individual members and many more non-member customers at 1,600+ retail locations in more than 650 communities. We are a different kind of business – we are locally invested, community-minded, care for the environment and offer lifetime membership benefits, including patronage refunds, quality products, quality service and fair prices. More information is available at www.fcl.crs and www.co-op.crs
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