1:00pm – 1:45 pm
How Nacha’s Fraud Risk Monitoring Rules Impact Your Credit Union
Stephanie Schmidt, Vice President Member Services | Corporate Central Credit Union & Laura Nelson, Director of Compliance Specialists | Wisconsin Credit Union League
There are some significant changes coming around Nacha’s new fraud risk monitoring rules that will affect all Wisconsin credit unions. These Rule amendments related to monitoring for fraud become effective on March 20, 2026, and are part of a larger Risk Management package intended to reduce the incidence of successful fraud attempts and improve the recovery of funds after frauds have occurred.
The League’s Laura Nelson will provide a foundation for this conversation by breaking down these new Rules for better understanding and alignment. Stephanie Schmidt of Corporate Central Credit Union will then lead a broad discussion of various monitoring options for compliance with these new rules, and she will demonstrate how enhancements within Corporate Central’s Beastro platform can be used to support credit unions with their new risk management requirements.
1:45pm – 2:15pm
Understanding and Managing Wire Transfer Risks
Kim Hoppe | VP of Legal Affairs | Wisconsin Credit Union League
Wire transfers present substantial compliance and fraud risks. In this session, we will review UCC 4A and Regulation J as they relate to wire transfers and outline the steps credit unions can take to protect themselves and their members while effectively mitigating these risks.
2:15pm – 2:30 pm
Q&A and Discussion