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

Economic News Outside Mainstream Media - What it Means for Cooperatives
Date: Thursday, April 29, 2010
Time: 11:00 AM ET / 10:00 AM CT / 09:00 AM MT / 08:00 AM PT [Prevailing Time]
Presenter(s): Russell Wasson, Director Tax, Finance & Accounting Policy - NRECA
Objective: Upon the completion of this course, the participants will have an understanding of the nature of the global financial crisis of 2008-2009 and the potential impact upon the economy of the United States in future years.

Also, the participants will gain an understanding of the nature of the risk to sovereign credits as a result of the worldwide financial crisis and the impact upon future monetary policy in the United States and the implications for future financing costs for cooperatives.
Field of Study: Specialized Knowledge and Application
Program Level: Basic
CPE Credit: 1 Credit Hour
Delivery Method: Group-Live

No advanced preparation or prerequisites are required for this course.

Course Description
This course illustrates a number of financial and economic metrics which are not commonly reported in the mainstream media.

Discussion will cover the implications of the current state of the United States and global economy for cooperatives in the United States, particularly with regard to their banking relationships and the future cost of financing and the availability of credit and the functioning and possible reform of the debt, equity and derivatives markets.

Presenter Bio(s)
Russ Wasson, Director of Tax, Finance and Accounting Policy with the National Rural Electric Cooperative Association received his Bachelor of Science degree in accounting from the University of Arkansas at Little Rock in 1980 and after graduation went to work for Arthur Young & Co. in New Orleans. He became a CPA in Louisiana in 1980. After two years with Arthur Young, Russ went to work for Ernst & Whinney in Baton Rouge.

One year later, he was hired by his client, Cajun Electric Power Cooperative, as their first tax manager. Russ worked at Cajun from 1983 until their assets were sold to an affiliate of XCEL Energy of Minneapolis in 2000. At the time of his promotion to Vice President and Corporate Controller, Russ had forty four individuals in his division. At the conclusion of the Cajun bankruptcy, his division had decreased to a total staff of twenty one.

Rather than go to work for NRG, the entity that acquired the Cajun assets, Russ started a consulting firm that provided consulting services to cooperatives and an RTO. He eventually went into partnership with Tom Strait. Russ and Tom provided consulting services to cooperatives as well as other nonpublic utilities. In 2001, Russ began teaching at Penn State’s Advanced School of Power Engineering.

Russ started at NRECA on January 10, 2005. In addition to his tax, accounting and finance duties at NRECA, Russ is a member of the NRECA restructure and renewables groups, the NRECA corporate governance task force, the NRECA climate change task force and occasionally devotes time to proceedings at the FERC.

In addition, Russ is participating in the Financial Accounting Foundation strategic focus group on the future direction of the FASB. Russ and his wife Diane are the proud parents of two daughters that live in Florida and New York.

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