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
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 ...
More Information
NSAC 2025 Texas Chapter Conference
Join us for the NSAC 2025 Texas Chapter Conference, happening February 27-28 in beautiful Fredericksburg, TX! This event is designed specifically for cooperative tax and accounting professionals, offering expert-led educational sessions, the opportunity to earn valuable CPE credits, and the chance to network with peers and industry leaders in your local area. SCHEDULE (All times are CT)HOTELThe Inn on Barons Creek308 South Washington ...
More Information
Credit Complications in Agriculture: Tricks, Traps, and Best Practices of Getting Paid
Join us on March 5, 2025, for a 60-Minute Zoom exploring the complexities of agricultural liens, UCC provisions, and contract issues that impact payment rights and responsibilities. This session will provide overview of unique agricultural lien structures, critical UCC considerations, and key contract terms that can either safeguard or jeopardize payment in agricultural transactions.
More Information