The Kaufman & Canoles Credit Union Team is once againrevealing our top predictions for major legal challenges for creditunions in 2014. At Kaufman & Canoles we believe that legal feesfor credit unions need to be better managed, controlled andhopefully even reduced. Our six legal predictions for 2014 are asfollows:

1. Privacy Rights. Andy Keeney predicts thatcredit unions will spend substantial time and resources in 2014 toupdate their policies and procedures regarding members' privacyrights. Although after the Target breach there has beenconsiderable press, we predict that there will be no regulatoryreforms in 2014.

Credit unions will need to protect their members in every waypossible. They will need to address many legal issues, revise theirpolicies and procedures, update their websites and review andinvestigate their insurance coverage. We predict that the endeavorsthe credit unions undertake to protect the privacy rights of theirmembers will be costly but will ultimately be a significantenhancement to the reputation and brand of all credit unions.