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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Finance Function Dysfunction: Assessing & Improving Your Financial Operations
March 2, 2021

Finance Function Dysfunction: Assessing & Improving Your Financial Operations

Having a strong and healthy finance function is important to every effective organization. But there are many challenges that can weaken an organization's finance function at its core including turnover in key positions, too few internal controls, doubtful data, too many time-consuming manual processes, having your best thinking depend on complicated Excel schedules, and finding it impossible to get financial statements done on time. Do any of ...

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Texas Chapter: The Cooperative Conference for Accountants, Bookkeepers, and Controllers
March 12, 2021

Texas Chapter: The Cooperative Conference for Accountants, Bookkeepers, and Controllers

Please join us for the NSAC Texas Chapter Spring Meeting: The Cooperative Conference for Accountants, Bookkeepers, and Controllers on March 12, 2021 | 9:00AM – 12:00PM CT | 10:00AM – 1:00PM ET. Agenda includes the topics: Texas Sales Tax Updates and Refresher, An Examination of the 2021 Legislative Session Protocols, and an Accounting and Auditing Update. There are no fees for this event. CPE Credit available.

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