The National Society of Accountants for Cooperatives (NSAC) serves individual members and their respective organizations. Employees of cooperatives such as CFOs, controllers, tax directors/managers, accountants, bookkeepers, office managers, internal auditors, in-house legal staff, and other financial professionals are included as members. Professional service providers advising cooperatives such as CPAs, attorneys, banking professionals, government employees advising cooperatives and cooperative association employees are amongst members as well.
The organization provides professionals with education, resources, and connections needed to stay actively involved and on the cutting edge when it comes to the financial management and planning of cooperative business.
In 1935, auditors for the Northern States Cooperative League began holding regular meetings and discussing the need for collaboration and a more formalized organization. Out of these meetings, the National Society of Accountants for Cooperatives was formed:
1943 – Formally structures as an independent, nonprofit corporation
1948 – Begins publishing The Cooperative Accountant
1952 – Publishes first cooperative accounting report
1980 – Hires first professional manager
1998 – Organizes nationwide Electric Cooperative Chapter
2001 – Begins actively participating in FASB projects that impact co-ops
2008 – Becomes industry leader in international accounting standards development
2011 – Celebrates 75th Anniversary
2015 – Partners with the NRECA to bring the profession the premier tax, finance and accounting conference for cooperatives
2020 – Continues efforts to bring more virtual opportunities to professionals globally
Upcoming Events
The Cooperative COMPASS 2026
NSAC is headed to Music City!We’re thrilled to announce that The Cooperative COMPASS—pointing accounting, tax, and finance professionals in the co-op industry towards an extraordinary educational and networking experience—is coming to Nashville, Tennessee, May 4–6, 2026, in partnership with NSAC’s Atlantic Chapter. Set against the backdrop of live music, Southern hospitality, and a city that knows how to mix ...
More Information
Last In First Out, The What, Why and How
Join us for an insightful Cooperative Learning Network (CLN) webinar focused on the fundamentals of Last In, First Out (LIFO) inventory accounting from a tax perspective. Specifically, you’ll learn what is LIFO, why you might or might not want to adopt LIFO and how it works. This session is ideal for accounting professionals in cooperatives seeking to strengthen their knowledge of inventory accounting methods and their tax implications.
More Information.png)
NSAC 2025 Far Western and Pacific Northwest Annual Meeting
SAVE THE DATE! Join us for the 2025 Far Western and Pacific Northwest Annual Meeting, taking place July 16–18, 2025, in vibrant Seattle, Washington. Designed for cooperative tax and accounting professionals, this conference offers an exceptional blend of education and networking opportunities. Expand your expertise with informative sessions and workshops, earn CPE credits, all while connecting with professionals in your local area.
More Information