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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From Past Due to Protected: Legal and Practical Tools for Cooperative Collections
September 23, 2026

From Past Due to Protected: Legal and Practical Tools for Cooperative Collections

Join us for a look at practical and legal tools to reduce bad debt exposure, improve collections, and protect cooperative cash flow. Attendees will learn strategies for evaluating customer credit risk, monitoring receivables, strengthening contracts, and implementing effective collection processes. The session will explore statutory trust protections, including the Perishable Agricultural Commodities Act (PACA) and other industry-specific collection tools, while highlighting broader principles that can be applied across industries and jurisdictions.

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NSAC Texas Chapter 2026 Fall Conference and Annual Meeting
October 9, 2026

NSAC Texas Chapter 2026 Fall Conference and Annual Meeting

Join fellow cooperative accounting and finance professionals for a full day of valuable education, professional development, and connection on October 9, 2026.  This year’s conference will feature one full day of education designed specifically for cooperative accounting professionals. Attend your way!In-person and virtual attendance options will be available. Registration:$175 Members | $200 Non-MembersSame price for in-person or ...

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Recent Happenings

NSAC Announces 2026–2027 Scholarship Recipients

NSAC Announces 2026–2027 Scholarship Recipients

Investing in the next generation of leaders is one of the most meaningful ways NSAC supports the cooperative community. Through its annual Scholarship Program, the National Society of Accountants for Cooperatives is proud to help outstanding students pursue their educational goals while encouraging academic excellence, leadership, and lifelong learning. This year, NSAC received an impressive number of applications from exceptionally talented ...

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Honoring the Life and Legacy of Larry Romuald

Honoring the Life and Legacy of Larry Romuald

It is with great sadness that we share the passing of Larry Romuald, a devoted leader, mentor, and friend to NSAC and so many throughout the cooperative community. Larry dedicated 42 years of his career to serving agricultural cooperatives, but those who knew him will remember him for far more than his professional accomplishments. He was a trusted advisor, a thoughtful leader, and someone who generously shared his knowledge and experience with ...

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As Boomers Retire, Pressure Mounts to Expose Employee Stock Buyback Obligations

As Boomers Retire, Pressure Mounts to Expose Employee Stock Buyback Obligations

A retirement plan that runs on company stock can turn into a company’s next liquidity crisis — and U.S. accounting rule-setters are weighing whether businesses should be forced to spell out the size and timing of those buyback bills. The issue centers on employee stock ownership plans (ESOPs), a common way for private-company founders to sell their businesses to workers as they head for the exits. The pitch is easy to understand:

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