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 1 - 4, 2021

2021 Tax Finance & Accounting Conference for Cooperatives

The Tax, Finance & Accounting Conference for Cooperatives is the premier annual conference for those professionals working working in this space. The complete program and registration for the 2021 event will be available the first week of April 2021.

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FASB Update
February 2, 2021

FASB Update

Join Michael Cheng for a 60-minute CLN and a plain English discussion about recent and pertinent technical accounting matters that may affect you as you close out 2020 and begin 2021 when it comes to financial statements and recently issued accounting standards and pronouncements from FASB. If time permits, upcoming FASB and PCC projects will be reviewed. Michael Cheng joined Frazier & Deeter in 2019 as the Partner who oversees the firm's ...

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Hand in the Cookie Jar?
February 17, 2021

Hand in the Cookie Jar?

Fraud is something that occurs in every business. During this 60-minute CLN, Hand in the Cookie Jar? participants will gain an understanding of fraud risks in their utility and how to design and implement controls to timely identify when someone has their hand in the cookie jar. These controls are essential, especially with many utilities changing to a more virtual control environment. This course will discuss fraud risks, control ...

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