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
2025 Technical Exchange
Unlike any other, the 2025 Technical Exchange is here to immerse you in an extraordinary one-and-a-half-day fly-in event. Join us on January 27-28, 2025, and prepare to be part of something exceptional. Collaborate with top experts and peers within a small group setting. This facilitates intimate conversations centered around the challenges specific to your cooperative or the cooperatives you're engaged with. Walk away with actionable insights and solutions tailored to your unique context.
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Educating Your Workforce on Retirement Planning
Discover how to effectively empower your workforce by understanding the current retirement savings landscape, including average 401k balances and industry trends. Learn to foster a culture that values benefits and enhances worker productivity through insightful education sessions. Gain invaluable insights into fiduciary responsibility and 404c protection, ensuring the protection of participants' interests. E
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Financial Dashboards for Internal Management Use
Unlock the power of financial data for driving informed decisions. Discover the critical financial information that fuels the decision-making process for managers and the C-suite, empowering them to steer your cooperative toward success. Dive into real-world examples showcasing how organizations leverage dynamic dashboards to transform mountains of data into actionable insights in real-time. Explore firsthand how savvy leaders harness these insights to make agile decisions, seize opportunities, and precisely navigate challenges. Don't miss this exhilarating journey into the heart of data-driven decision-making.
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