Latest News

Collaboration Among Communities
The 2020 Virtual TFACC, offered in partnership with NSAC, NRECA and NTCA is the premier national conference for cooperative tax, finance and accounting professionals for cooperatives and rural,...
Read More >>

Earn Up to 58 CPEs with the 2020 TFACC Encore!
This year’s two-day, August 3-4, virtual program offers proven strategies, tools and resources to help your co-op, company or firm increase efficiencies, improve financial controls, streamline...
Read More >>

What Does It Take to Move Your Business to the Cloud
Moving your accounting and business applications to the cloud lets you and your employees access them from anywhere with an internet connection, including your own home, at any time. Working at home...
Read More >>

Homeland Security Warns Over "Wormable" Windows 10 Bug
Homeland Security’s cybersecurity advisory unit is warning Windows 10 users to make sure that their systems are fully patched, after exploit code for a “wormable” bug was published online...
Read More >>

COSO Provides New Guidance on Risk Appetite
Risk appetite plays an important role in organizational success and should be considered carefully by leaders as they make strategic decisions.  The Committee of Sponsoring Organizations of...
Read More >>

View News Archives >>

About NSAC

The National Society of Accountants for Cooperatives (NSAC) is a professional society, formed in 1936, comprised of approximately 1.500 individual members actively involved with the financial management and planning of cooperative business. NSAC members are either employed by a cooperative or provide professional services for cooperatives.

Serving Individual members and their respective organizations

  • Employees of cooperatives who are accountants, bookkeepers and office managers; controllers and tax directors; internal auditors and in-house legal staff, as well as CFOs and other finance professionals
  • Professionals advising and providing services to cooperatives such as independent auditors and CPAs, tax advisors and preparers, cooperative bank professionals, professionals working for law firms, government employees advising cooperatives and cooperative association employees

Providing

  • Continuing Educational Programming
  • Continuing Professional Education (CPE) credits Resources on Financial Reporting Programs for both Small and Large Cooperatives
  • A Directory of Other Cooperative Professionals
  • Networking Opportunities
  • A Quarterly Technical Journal

History
In 1935, auditors for the Northern States Cooperative League began holding meetings. Due to the success of these gatherings, they decided to form a national organization. NSAC Milestones:

1943 – Formally structures as an independent, nonprofit corporation
1948 – Begins publishing The Cooperative Accountant
1952 – Publishes first cooperative accounting report
1980 – Hires first professional manager1998 – 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 at Annual Meeting in Orlando, FL