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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Section 45Z Clean Fuel Credit: Current Rules and Practical Guidance
August 26, 2026

Section 45Z Clean Fuel Credit: Current Rules and Practical Guidance

This webinar will provide an update on the evolving clean fuel incentive landscape, with a focus on recent legislative changes, Section 45Z clean fuel production credit requirements, and prevailing wage and apprenticeship considerations. Attendees will gain practical insights into compliance, emissions rate calculations, credit optimization strategies, and emerging issues affecting clean fuel producers and stakeholders.

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ASC 980 - Regulatory Accounting for Electric Cooperatives
September 1, 2026

ASC 980 - Regulatory Accounting for Electric Cooperatives

Electric cooperatives operate in a unique environment where board-approved rates are designed to recover costs and maintain long-term financial stability. This session examines how ASC 980, Regulated Operations, allows cooperatives to align accounting results with the realities of the ratemaking process. Through practical examples and real-world cooperative scenarios, participants will learn how to account for regulatory assets and liabilities, navigate RUS considerations, and implement effective policies surrounding and supporting revenue and expense deferrals. 

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Recent Happenings

Help Shape Cooperative Education: NSAC Call for Presentations

Help Shape Cooperative Education: NSAC Call for Presentations

Do you have a topic you'd like to recommend for the next webinar or conference? Know an industry expert who would make a great presenter? Or are you or someone from your organization interested in sharing your expertise with the cooperative community? We'd love to hear your ideas!  We're looking for: Timely topics and emerging issues that affect your cooperative. Recommendations for engaging speakers and subject matter ...

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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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