Federation of Icelandic Cooperative Societies () (SIS) was an Icelandic coordinator in Icelandic

cooperative A cooperative (also known as co-operative, coöperative, co-op, or coop) is "an autonomy, autonomous association of persons united voluntarily to meet their common economic, social and cultural needs and aspirations through a jointly owned a ...

s. It was established on 20 February 1902 by three local cooperatives in Þingey County, but evolved into a national forum for cooperation in the field of exports and imports and to achieve favorable contracts abroad. In 1917, the institution moved its headquarters from

Akureyri Akureyri (, ) is a town in northern Iceland, the country's fifth most populous Municipalities of Iceland, municipality (under the official name of Akureyrarbær , 'town of Akureyri') and the largest outside the Capital Region (Iceland), Capital R ...

Reykjavík Reykjavík is the Capital city, capital and largest city in Iceland. It is located in southwestern Iceland on the southern shore of Faxaflói, the Faxaflói Bay. With a latitude of 64°08′ N, the city is List of northernmost items, the worl ...

and became "one of the largest commercial enterprises in Iceland". Its ship department was founded in 1946 and saw competition with

Eimskip Eimskipafélag Íslands hf. (, ), trading as Eimskip (, ), is an international shipping company with 56 offices in 20 countries and four continents; Europe, North America, South America and Asia. Eimskip specialises in worldwide freight forwarding ...

. After falling into financial hardships in the 1980s, it was closed in 1992, due to the debt with its creditors.

References

Cooperatives in Iceland Organizations established in 1902 Organizations disestablished in 1992 1902 establishments in Iceland 1992 disestablishments in Iceland {{Iceland-company-stub