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.

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

2021 Tax Finance & Accounting Conference for Cooperatives
August 2 - 4, 2021

2021 Tax Finance & Accounting Conference for Cooperatives

SAVE THE DATE! The Tax, Finance & Accounting Conference for Cooperatives is the premier annual conference for those professionals working working in this space. This virtual program offers proven strategies, tools, and resources to help your co-op, company, or firm increase efficiencies, improve financial controls, streamline regulatory compliance and make transactions manageable. The complete program and registration for the 2021 event will be available soon.

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2021 Technology Series
May 14 - July 30, 2021

2021 Technology Series

The age of technology in accounting has truly arrived and impacts every aspect of an accounting department or firm. Don't miss this Technology Series that will include SIX educational 60-minute sessions presented by Roman Kepczyk, CPA.CITP, CGMA, PAFM, Director of Firm Technology Strategy with Right Networks. Topics include Your Tax Season Debrief, Strategic Technology Outlook, Remote Work / Collaboration, CAAS Transformation, IT Considerations in M&A, and an Annual Security Update.

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PPP Loan Update
May 19, 2021

PPP Loan Update

The Small Business Administration’s Paycheck Protection Program (PPP) has been an important source of support during the COVID-19 pandemic, but it has led to many implementation questions among cooperatives and the CPAs who serve them. This 60-minute zoom will feature a discussion on 2nd draw loans, loan forgiveness, and updates on the PPP from the perspective of the cooperative community, including patronage considerations. During this session, participants will learn about 2nd draw loans and PPP loan forgiveness, the impact of PPP loan forgiveness on co-ops, and receive relevant updates about the Paycheck Protection Program.

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