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

A Day of Technical Exchanges
December 5 - 6, 2022

A Day of Technical Exchanges

A high value fly-in event encouraging peer networking and engagement with key influencers in working towards solutions for the emerging issues in the cooperative tax, accounting, and finance arena.

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What is the Second Year Impact of Inflation?
December 8, 2022

What is the Second Year Impact of Inflation?

With the economy now in its second year of inflation above 5.0%, the year over year inflation rate may seem to be moderating in the 8% range after the CPI peaked at 9.1% in June 2022 and the PPI peaked at 11.2% in March 2022; however, that understates the serious economic impact inflation has had on the cost structures of businesses from 2020 to 2022.

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North Central 2022 Fall Meeting
December 12, 2022

North Central 2022 Fall Meeting

The North Central Chapter is hosting its fall meeting on Monday, December 12, 2022, at the Saint Paul RiverCentre in St. Paul, MN.  We will be offering 6 hours of CPE!  Topics include How to Become a Person of Influence, Economic Outlook, 401(k) and Secure Act, Inflation Reduction Act, and Tax Update, as well as ESG for Cooperatives.  That evening we will attend the Minnesota Wild game as they take on the Edmonton Oilers. 

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