Whether it's cause or effect is up to debate, but credit unions that do mobile banking are doing better than their peers that still don't. That's clear from a look at year-end 2016 data available from analyzing the 5300 Call Reports of the nearly 6,000 credit unions that answer each year to the NCUA.
Of those 5,912 credit unions, 3,240, or 54.8%, report offering mobile banking. The other 2,672 don't, but they only represent 6.3% of total industry assets, so obviously they skew small. But not all of them.
There were 13 credit unions of more than a billion dollars in assets that don't offer banking by smartphone. However, only 386 of the 2,482 credit unions of $20 million or less in assets – a mere 15.53% – told the regulator that they offer mobile banking.
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