Even though most consumers have yet to make a point-of-sale mobile payment, a shift is starting to occur.
The controversial tool, which demonstrates the effect of the proposal on credit union capital, is currently available to the public.
A drop in refinancing activity, increased regulation and a sluggish market for purchase mortgages make 2014's first quarter discouraging.
Credit unions say NCUA examiners are pressuring them to keep long-term fixed assets below 35% of total assets, sacrificing income.
Pressured by NCUA examiners and concerned about interest rate risk, credit unions shed mortgages and other fixed rate assets, giving up income.
If credit unions can make P2P free, in real time and through mobile channels, it could explode as a payment tool.
The NCUA's proposal has five flaws, credit union executives say.
Credit union executives say they can comply, but question some of the rule's risk-weighting details.
The breach, which reportedly involved the theft of mag stripe data, will have a significant impact on credit unions and members.
Credit unions from coast to coast tapped into pop culture, entertainment and social media to raise awareness, engage members and increase revenue in 2013.