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
2025 Technical Exchange
Unlike any other, the 2025 Technical Exchange is here to immerse you in an extraordinary one-and-a-half-day fly-in event. Join us on January 27-28, 2025, and prepare to be part of something exceptional. Collaborate with top experts and peers within a small group setting. This facilitates intimate conversations centered around the challenges specific to your cooperative or the cooperatives you're engaged with. Walk away with actionable insights and solutions tailored to your unique context.
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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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The Cooperative Solution: Cooperative Conversions and Succession Planning
Learn how worker cooperative conversions are serving as viable succession plans for entrepreneurs who are ready to exit their business. This course will highlight common goals among business owners who have sold their business to employees, the benefits of converting to worker cooperatives, steps in the process, and support available.
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