NSAC Happenings and Latest News

NSAC Announces Board of Directors for 2025-2026 Term

NSAC Announces Board of Directors for 2025-2026 Term

Published September 25, 2025

The National Society of Accountants for Cooperatives (NSAC) is pleased to announce the new Board of Directors for the 2025-2026 term. The Board of Directors aids in determining the culture, strategic focus, and overall direction of the NSAC. The Board supports NSAC’s mission of serving cooperatives by providing accounting, tax and business education uniquely tailored to professionals working for and with cooperatives; providing networking ...

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NSAC Congratulates 2025-2026 SCHOLARSHIP RECIPIENTS!

NSAC Congratulates 2025-2026 SCHOLARSHIP RECIPIENTS!

Published August 6, 2025

The NSAC would like to congratulate the scholarship recipients for the 2025-2026 academic school year! We're thrilled to announce that this year saw record number of entries from many talented individuals, making it an exceptionally competitive selection process. The Society is proud to commend these outstanding students for their remarkable academic achievements, and we're confident they'll reach new heights in their pursuit of ...

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NSAC Great Lakes Chapter Inducts Two Distinguished Leaders into Hall of Fame

NSAC Great Lakes Chapter Inducts Two Distinguished Leaders into Hall of Fame

Published June 30, 2025

Bloomington, IL — June 13, 2025 The National Society of Accountants for Cooperatives (NSAC) Great Lakes Chapter proudly recognized two of its most dedicated members—Rebecca Thoune, Signing Director at CLA (CliftonLarsonAllen LLP), and David Loyd, Chief Financial Officer at Three Rivers FS—by inducting them into the Chapter’s esteemed Hall of Fame during the 2025 Annual Meeting held June 12–13 in Bloomington, ...

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CAMT Developments

CAMT Developments

Published September 12, 2025

As part of the Inflation Reduction Act of 2022, Congress amended Section 55 to impose a new corporate alternative minimum tax (“CAMT”) based on the “adjusted financial statement income” (“AFSI”) of an “applicable corporation” for taxable years beginning after December 31, 2022. Cooperatives generally will not be subject to the CAMT for two reasons.  First, the CAMT applies only to ...

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Time Passes and Administrations Change, but USDA Statistics Still Measure Co-ops' Importance to Rural America

Time Passes and Administrations Change, but USDA Statistics Still Measure Co-ops' Importance to Rural America

Published July 30, 2025

Almost 100 years ago, Congress entrusted the U.S. Department of Agriculture (USDA) with keeping statistics on agricultural cooperatives. The Cooperative Marketing Act of 1926 (CMA) created a division to provide statistical, economic, financial, and other information. In fact, the Department started collecting United States farmer cooperative statistics at least as early as 1913; since the Department was established in 1862, diligent agriculture ...

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