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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NSAC 2026 Knowledge Exchange
What is the Knowledge Exchange? Not a Conference. Not a Presentation. More than a Roundtable. Have you ever sat in a conference session wishing you could ask a follow-up question directly related to your cooperative? Wondered how other cooperatives are addressing the same challenge you’re facing? Or wished you could hear what industry experts would say about your situation? That’s exactly what the NSAC Knowledge Exchange is ...
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Strategic Approaches to Working with Private Equity
Private Equity (“PE”) and Private Debt continue to expand their role in the equity and debt markets. Cooperatives are not immune to this changing marketplace. Co-ops may have customers who are PE owned, vendors who are PE owned, or may have joint ventures utilizing a PE venture partner. This presentation will help Cooperative financial professionals and CFOs evaluate unique considerations as they encounter customers and vendors who are PE owned, and consider risks and rewards when a joint venture partner is a PE group.
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Electric Cooperative Chapter Annual Meeting
Join us for the Electric Cooperative Chapter Annual Meeting on July 21! This virtual meeting is a great opportunity to hear chapter updates, learn about current initiatives, and connect with fellow members. Plus, everyone in attendance will have a chance to win prize drawings! We look forward to seeing you online. Login instructions are available in CONNECT.
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