NSAC Mission Statement and Goals

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.

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

Upcoming Events

NSAC 2026 Knowledge Exchange
December 7 - 8, 2026

NSAC 2026 Knowledge Exchange

What is the Knowledge Exchange? Not a Conference. Not a Presentation. More than a Roundtable. Have you ever sat in a conference session wishing you could ask a follow-up question directly related to your cooperative? Wondered how other cooperatives are addressing the same challenge you’re facing? Or wished you could hear what industry experts would say about your situation? That’s exactly what the NSAC Knowledge Exchange is ...

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COMPASS 2027
May 3 - 5, 2027

COMPASS 2027

NSAC is headed to sunny San Diego! We’re excited to announce that The Cooperative COMPASS—guiding accounting, tax, and finance professionals in the cooperative industry toward exceptional education, collaboration, and innovation—is coming to San Diego, California, May 3–5, 2027. Set along the beautiful Southern California coast, COMPASS 2027 will bring together cooperative professionals from across the country for a ...

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NSAC North Central 2026 Spring Meeting
June 8 - 9, 2026

NSAC North Central 2026 Spring Meeting

Join us for the North Central Chapter Spring Meeting, June 8–9, 2026, at Arrowwood Resort & Conference Center. Earn 8.3 CPE credits while connecting with peers, expanding your professional network, and gaining valuable education and resources. Enjoy two half days of learning and collaboration in a scenic lakeside setting on Lake Darling in Alexandria, Minnesota. Kick off the afternoon on June 8 with golf at the ...

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Recent Happenings

COMPASS 2026 Hits the Right Note in Nashville

COMPASS 2026 Hits the Right Note in Nashville

COMPASS 2026 brought together cooperative tax, accounting, and finance professionals in the heart of Nashville from May 4–6, 2026, for three days filled with education, collaboration, and connection. This year’s conference continued to build on the strong foundation of COMPASS by providing attendees with valuable learning opportunities, meaningful networking, and memorable experiences that highlighted the strength of the cooperative ...

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The IRS begins to issue guidance with respect to new Sections 1062 and 139L

The IRS begins to issue guidance with respect to new Sections 1062 and 139L

The Winter 2025 edition of the TAXFAX Column described two new sections added to the Code by the One Big Beautiful Bill Act (“OBBBA”) – Section 1062 (Gain from the Sale or Exchange of Qualified Farmland Property to Qualified Farmers) and Section 139L (Interest on Loans Secured by Rural or Agricultural Real Property). Since then, the Internal Revenue Service (“IRS”) has issued preliminary guidance for both new ...

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TaxFax Articles

TaxFax Articles

The Spring 2026 TaxFax contains the following high interest articles.  Here is a brief summary of them.  For the whole article, please visit The Cooperative Accountant Spring 2026 in Connect The IRS begins to issue guidance with respect to new Sections 1062 and 139L The Winter 2025 edition of the TAXFAX Column described two new sections added to the Code by the One Big Beautiful Bill Act (“OBBBA”) – Section 1062 ...

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