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 Far Western 2026 Annual Conference
May 20 - 22, 2026

NSAC Far Western 2026 Annual Conference

Mark your calendar and dust off your sunglasses — the Far Western Annual Conference is heading to Palm Springs in May 2026!  Designed for cooperative financial and accounting professionals, this conference will blend: CPE-eligible education on timely industry topics Valuable networking with peers from across the region A relaxed, desert-inspired setting perfect for learning and connection Think engaging sessions by day, ...

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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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NSAC 2026 Great Lakes Annual Meeting
June 11 - 12, 2026

NSAC 2026 Great Lakes Annual Meeting

Get ready for an unforgettable blend of top-tier education, meaningful networking, and family-friendly fun at the NSAC Great Lakes Chapter Annual Meeting set against the excitement of the Wilderness Resort in Wisconsin Dells! Join fellow cooperative tax and accounting professionals for engaging educational sessions and valuable connections, all while enjoying a destination that makes it easy to turn your meeting into a mini family getaway. Full ...

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Recent Happenings

National Society of Accountants for Cooperatives Announces Peggy Maranan as 2026 Silver Bowl Award Recipient

National Society of Accountants for Cooperatives Announces Peggy Maranan as 2026 Silver Bowl Award Recipient

The National Society of Accountants for Cooperatives (NSAC) is proud to announce that Peggy Maranan, Chief Financial Officer of DEMCO, has been selected as the 2026 recipient of the Silver Bowl Award, the Society’s highest and most prestigious honor. The Silver Bowl Award recognizes an individual who, over an extended period, has made exceptional contributions that enhance both the image and operations of the cooperative profession. Bestowed by the NSAC Board of Directors, the award honors sustained leadership, service, and dedication to cooperative principles.

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FASB ISSUES Accounting Standards Update 2025-09 DERIVATIVES AND HEDGING (Topic 815) – Hedge Accounting Improvements - November 2025

FASB ISSUES Accounting Standards Update 2025-09 DERIVATIVES AND HEDGING (Topic 815) – Hedge Accounting Improvements - November 2025

Summary Why Is the FASB Issuing This Accounting Standards Update?  The FASB is issuing this Update to clarify certain aspects of the guidance on hedge accounting and to address several incremental hedge accounting issues arising from the global reference rate reform initiative. In 2017, the FASB issued Accounting Standards Update No. 2017-12, Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities, ...

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Growth, Debt, Discipline: The Cooperative Balancing Act

Growth, Debt, Discipline: The Cooperative Balancing Act

Electric cooperatives across the United States are operating in one of the most capital-intensive and inflation-sensitive environments in decades. Large-scale construction work plans—whether driven by load growth, reliability improvement, storm hardening, substation expansions, battery energy storage systems, or system modernization—require significant long-term financial commitments. At the same time, construction inflation, supply ...

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