State snapshot – Victoria co-operative and mutual sector

17 June 2026

Data for the organisations below is sourced from the National Mutual Economy Report 2026, BCCM’s annual report on the size and contribution of Australia’s co‑operative and mutual sector, including the Top 100 list for the year to 30 June 2025.

VIC co-operatives and mutuals in the Top 100

20 VIC co-ops and mutuals rank among Australia’s Top 100. These co-ops and mutuals have a combined revenue of $8.3 billion and hold $42.4 billion in assets under management.

Top 10 VIC co-operative and mutual enterprises by turnover

1. Australian Unity – Financial Services, $2.60 billion
2. RACV – Motoring Services, $1.03 billion
3. Defence Health – Health Insurance, $757.8 million
4. GMHBA – Health Insurance, $703.7 million
5. Bank Australia – Financial Services, $703.0 million
6. Tyrepower Group – Purchasing, $415.6 million
7. Latrobe Health Services – Health Insurance, $276.9 million
8. Defence Bank – Financial Services, $216.1 million
9. Bank First – Financial Services, $209.8 million
10. Associated Retailers Limited – Wholesaling, $186.8 million

Download the full Victoria co-operative and mutual sector snapshot FY2024–25.

Read our other Sector and State Snapshots, watch the NME 2026 video and see past reports.

Read the full 2026 National Mutual Economy (NME) report.