Mission Statement
NSAC serves cooperatives by providing accounting, tax and business education uniquely tailored to professionals working for and with cooperatives; providing networking and professional development opportunities for members, prospective members and others supporting the cooperative sector; and participating in standard-setting and implementation processes enabling members to effectively apply those accounting standards.
Goals
- Providing a superior membership experience through continuing EDUCATION on timely topics, issues and relevant information.
- Rededicating an expanded list of RESOURCES nationally and throughout the chapters, in support of recruiting and retaining members.
- Developing increased opportunities for networking and professional CONNECTIONS within the membership and with focused outreach to those new to the profession, throughout the industry and within the experienced cooperative arena.
Upcoming Events
2023 Tax, Finance & Accounting Conference for Cooperatives (TFACC)
SAVE THE DATE for the 2023 Tax, Finance & Accounting Conference for Cooperatives (TFACC), in Portland, Oregon, July 23-26. TFACC is the only conference uniquely tailored to providing education, resources and connections to professionals involved in the financial management and planning of cooperatives. This highly anticipated conference offers proven strategies, tools, and resources to help your co-op increase efficiencies, improve financial ...
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New Energy Funding Available for Cooperatives Through USDA’s REAP/IRA Program
Find out how rural cooperatives can benefit from grants and guaranteed loans to finance renewable and energy efficiency upgrades through the USDA’s IRA Rural Energy for America Program. Agricultural producers and small businesses may be able to access energy improvements. Agricultural producers may also apply for new energy-efficient equipment and new system loans for agricultural production and processing. The Inflation Reduction Act provided an additional $2 billion for the Rural Energy for America Program (REAP). USDA made $300 million available in the first round; while the application deadline is March 31, look for additional notices of funding availability to be published in the future.
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Features of Modern Cooperative Statutes in the United States
While practitioners may wish for uniform cooperative laws or even a “Delaware for Cooperatives,” U.S. cooperative statutes continue to vary greatly. This webinar will describe common and novel features of general purpose, agricultural, and worker cooperative statutes across the United States including statutes based on a limited association model. We will consider which statutory features best accommodate the needs of cooperative businesses and their members, which state statutes have furthered successful cooperative ecosystems, and what provisions could be drafted to make cooperative statutes even more effective.
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How to Mitigate the Risk of Retirement Brain Drain
Retiring professionals can take decades of experience with them when they leave, but finance leaders can take steps to prevent the loss of corporate knowledge. In 2021, 37% of UK retirees accelerated retirement because of COVID-19, according to UK-based global investment company abrdn Plc. In the US, the number of retirees aged 55 and older grew by 3.5 million in 2020 and 2021, nearly twice as fast per year than between 2008 and 2019, according ...
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Cooperatives: An Ownership Model for Digital Networks
Could a legal structure common to credit unions and rural utilities revitalize blockchain and help realize the web3 vision of a new digital world?Turbulence in the crypto and blockchain markets over the past year has shed light on a question that has received increasing attention: how web3 companies share ownership in digital networks, including through tokens. As the industry wrestles with this question, builders and investors should consider ...
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NSAC Highlight from 2022
NSAC, the only professional organization dedicated to providing education, resources and connections to professionals involved in the financial management and planning of cooperatives, takes a look back at the highlights from 2022. We would like to thank the members and friends of NSAC for a successful year!
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