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NSAC Report: NCBA Annual Conference
The POWER of Cooperatives and The VALUE of Membership in NSAC

In early October, I had the opportunity to represent NSAC at the National Cooperative Business Association’s (NCBA) Annual Meeting & Cooperative Conference.  The theme of this year’s meeting was The POWER of Cooperative Principles.  This conference was somewhat different than those I typically attend, including ours – being far less technical and a quite a bit more “philosophical”.  Why do I say that?  Putting down my GAAP Guide and picking up a dictionary, one definition I found of “philosophy” was a basic theory concerning a specific subject or concept – e.g. the philosophy of cooperatives.  The seven cooperative principles as outlined by NCBA clearly speak to the basic theory of cooperatives: Cooperation, Participation, Education, Democracy, Membership, Community and Independence.

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Good Opportunity for Professional Development
The Chief Financial Officer will serve as the senior financial executive and will report directly to the CEO.  He/she will act as a key business partner and advisor to the CEO and other members of the Executive Team and Cooperative’s Board of Directors.  The ideal candidate should possess strong leadership qualities and organizational management capabilities, in addition to strong technical skills.  We are seeking an individual who is eager to participate as a member of the company’s senior management team and take on a leadership role in helping lead this successful grower owned cooperative. The individual should be an energetic self starter with the ability to establish an agenda, manage priorities and delegate responsibilities.  We are seeking an outgoing and visible manager who is hands-on and will work to develop relationships throughout the organization.

Please click here to view opportunity.

Let's Work Together for International Year 2012
Pauline Green, ICA President, says a targeted public awareness campaign to promote co-operatives is at the core of the International Co-operative Alliance’s efforts in 2012.

“What we want to do next year is to make sure that we drive the co-operative model of business into the collective consciousness of decision makers across the world,” says Green, in a video update to members and co-operators around the world, on its finalised plans. “We want them to understand our reach, our scope, our drive into every corner of this world and what we do to support families, to help people with homes, health, jobs, good food...”

“2012 offers us the opportunity to make a real step change in the global profile of our movement.”

Please click here for entire article.

FASB Issues a New ASU on Multiemployer Plans
Norwalk, CT, September 21, 2011— The Financial Accounting Standards Board (FASB) today issued Accounting Standards Update No. 2011-09, Compensation—Retirement Benefits—Multiemployer Plans (Subtopic 715-80): Disclosures about an Employer’s Participation in a Multiemployer Plan.  The Update is intended to lead employers to provide more information about an employer’s financial obligations to multiemployer pension plans.

Multiemployer pension plans commonly are used by an employer to provide benefits to union employees who may work for many employers during their working life, thereby enabling them to accrue benefits in a single pension plan for their retirement.

Please review: Media Release and Final Standard Update.

NSAC on Facebook!
Please visit our Facebook page and review some of the news NSAC has to offer. We are making tremendous strides working in the International market and the Social Media initiative is yet another compliment to our efforts. Please log on and "Like" our page. Share this with your colleagues and customers so that everyone can keep up with the exciting progress of our professional Society.