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
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Accessing and Filing Direct Pay Energy Tax Credits: An Overview for Electric Cooperatives
Learn more about “Elective Payment”, commonly referred to as “Direct Pay”, for energy tax credits that are available for electric cooperatives. You won't want to miss this 90-minute Zoom with Paul Gutierrez, Legislative Affairs Director at NRECA, and Bill Miller, Tax Partner at Bolinger, Segars, Gilbert & Moss. Our panelists will give you a broad overview of what energy tax credits are eligible for direct pay, discuss the requirements to receive the full value of eligible tax credits and bonus credits, and the process to file and claim the tax credits. Register today to gain a deeper understanding of energy tax credits and direct pay requirements.
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Employee Ownership for Small Business Advisors and Accountants
The goal of this introductory course is to make an introduction to the many advantages of being informed and ready to recommend employee ownership exit options for their small business owner clients when appropriate. This session is specifically tailored to accounting, tax, and lending professionals to provide a closer look on private company transitions and advisory support needed when business owners sell their business to their ...
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The Cooperative Compass
NSAC is excited to announce The Cooperative COMPASS - pointing accounting, tax, and finance professionals in the co-op industry towards an extraordinary educational and networking experience - taking place May 5-6, 2025 in vibrant Kansas City in cooperation with NSAC’s Mid-West Chapter. This unique conference is tailored specifically for professionals dedicated to the financial management and strategic planning of cooperatives. COMPASS ...
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