What is NSAC's Cooperative Learning Network?
A NSAC Cooperative Learning Network is a live, interactive 60-minute conference presented over the telephone and over the Internet. You can attend from any location that has telephone and Internet access. You pay just one registration fee for as many participants as you wish at each call/log-in location.

Note that high-speed Internet access is not mandatory – the system works with dial-up but you must have separate connections for the audio and video portions. You may use cell phones for the audio if you have only one connection.

Who presents at one of these sessions?
Your Cooperative Learning Network will have one or more speakers who are recognized experts on the topic. Conferences typically include a Q&A session; you can ask questions by phone or instant messaging options.

CPE Credits
The National Society of Accountants for Cooperatives (NSAC) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors through its website: www.learningmarket.org.

Delivery Method: Group-Live.

CLN Policies
Refunds for CLNs are not provided. Registrants if unable to participate will be provided credit for a future CLN or may opt to be sent a copy of the CLN PODCast following the event. Note PODCasts are not eligible for CPE credit.

For more information regarding refund, complaint and/or CLN cancellation policies, please contact our offices at (937) 222-6707 or info@nsacoop.org.

What does my registration include?
Your registration includes long-distance charges for the audio portion and log-in to the video presentation. All handouts and presentation files are downloadable and may be printed out or saved to the participant's computer once they are logged in to the session meeting room. Sessions include one CPE Certificate of Attendance. Certificates for additional participants are $10.00 each.

Why NSAC Cooperative Learning Networks?

Fast.
No wasted time. Get right to the heart of the matter in a 60-minute session designed to easily fit into your busy schedule.

Convenient.
No airlines. No travel. No time out of the office. Listen and follow along from the comfort and convenience of your desk or conference room.

Easy.
A telephone and computer are all the equipment you need. Just dial in and log-in to the system. That's it.

Ideal for multiple attendees.
Use a speakerphone and projector and invite as many people as you want to participate - at no extra cost to you.

Affordable.
NSAC Cooperative Learning Networks are a fraction of the cost of travel and attendance fees for other high-priced conferences or seminars.

Cooperative Learning Network

Effectively Managing Your Cooperative's Capital - Session 3 of 3
Date: Thursday, April 30, 2009
Time: 11:00 AM ET / 10:00 AM CT / 09:00 AM MT / 08:00 AM PT [Prevailing Time]
Presenter(s): Pete Oettinger, CPA and Brian Haraga, Corporate Financial Officer
Objective: Registrants can expect to learn how co-ops can plan for the future or deal with an economic downturn.

Session 3. Purchasing and food and other (Wegners CPAs) and agriculture (Michigan sugar)
Field of Study: Finance
Program Level: Basic
CPE Credit: 1 Credit Hour
Delivery Method: Group-Live

No advanced preparation or prerequisites are required for this course.

Course Description
Can co-ops plan for an economic nose dive or plan for the future? In this session, discussion will cover information on how cooperatives manage their capital in such a way that allows them to plan for future capital needs, address member expectations, etc. Co-op experts will cover the need to manage capital to ensure a sustainable business and a business that can respond to changes in the business climate or the economy.

The National Cooperative Business Association (NCBA), in cooperation with the National Society of Accountants for Cooperatives (NSAC), is conducting a three-part series of live, web-oriented educational seminars on the capital structure of cooperatives. The goal is to provide a three-part program that will educate co-op newcomers as well as seasoned employees, board members and members about how cooperatives hold and distribute their capital and why it matters.

Discussion will cover different cooperative structures and how they differ from investor owned entities. Representatives from two or three industry sectors will explain how they hold and distribute capital in a simple, visual way. They will also discuss how co-ops often have to rely on debt to finance expansion and the need for co-ops to attract more sources of capital and better manage the capital they have. Speakers will provide an overview for all cooperatives and describe how two types of cooperatives - worker and purchasing - treat their capital.

Presenter Bio(s)
Speakers include:

Pete Oettinger has sixteen years of experience in public and industry accounting. Special areas of expertise are federal and state income tax, taxation of cooperatives, payroll, bank financing and litigation support. Some of Pete's clients include several corporations with over $50 million in annual sales, individual clients each with net worth of over $10 million.

He currently serves on several boards such as the Safe Habor of Dane County and was the past Treasurer and Board Chair from 2000 to the present. Pete continues to serve as the Treasurer of the Boys and Girls Club of Baraboo. He has many professional affiliations and memberships to his credit and has been involved in numerous speaking engagements. Adding to his lengthy list of accomplishments, he has also published and edited a number of professional publications.


Brian Haraga is the Chief Financial Officer for Michigan Sugar Company and has been with the cooperative for the past six years. Michigan Sugar Company is the fourth largest beet sugar processor in the U.S. The co-op was formed in 2002 by 1,200 sugarbeet growers, and annually produces approximately one billion pounds of sugar from over 3.75 million tons of sugarbeets grown on 160,000 acres.

Mr. Haraga has worked on a number of projects which include securing financing for Michigan Sugar Company’s acquisition of Monitor Sugar Company in 2004. Other responsibilities include securing long and short-term financing from a bank syndicate and USDA asset management and financial reporting.

Mr. Haraga obtained his BBA from Michigan State University, majoring in accounting, and received his MBA from Wayne State University, specializing in finance. He has over 20 years experience in the automotive and shipbuilding industries.


Mary Griffin is Senior Policy Advisor for National Cooperative Business Association. She manages the Cooperative Finance and Tax Council (CF&TC), which identifies and addresses finance, tax and legal issues that have cross-sector impact on cooperatives. She advocates before the US and international financial accounting standards boards for standards that address the cooperative form of business and is helping to coordinate the international cooperative response to the move to global accounting standards.

Griffin also advocates on behalf of cooperatives before Congress and works to secure more funds for cooperative development in the US. Prior to coming to NCBA, Griffin was with Consumers Union, publisher of Consumer Reports, where she represented the interests of consumers on various financial services issues. She has also worked as a legal aid attorney and an appellate attorney in the Solicitor’s Office at Department of Labor. Griffin received her law degree from Temple University and her LLM from George Washington University.

A PODCast of this workshop is now availble. Click here to order/view.

Additional Information

For more information regarding this series or administrative policies such as complaint and refund, please contact the NSAC National offices, 136 S. Keowee St., Dayton, OH 45402, 937-222-6707, email: info@nsacoop.org