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CU Snapshot

 Apr '17Mar '17
# of CUs 5,926 5,953
Members
(millions)
111.2110.7
Total Assets
($ billions)
$1,381.2$1,374.7
Total Savings
($ billions)
$1,161.4$1,163.6
Net Cap.
Assets
10.4%10.4%
Loans to Savings79.3%78.2%
Loan Delinq.0.8%0.7%

         Credit Union Indicators

Remote Deposit Capture Soars

Most CUs will offer the service in the next few years, says industry expert.

Adoption of mobile remote deposit capture (mRDC) continues to soar, according to the mRDC Industry Study.

"Mobile RDC is a home run with financial institutions and their customers," says John Leekley, founder/CEO of RemoteDepositCapture.com. "It drives value, and despite some initial concerns mobile deposit isn't driving up fraud."

In fact, 76% of the institutions participating in the survey reported no direct losses from mobile deposit.

Notably, 92% of the financial institutions surveyed for the 2015 mRDC Industry Study say the benefits of mobile deposit outweigh the associated costs and risks, while 53% say the benefits far outweigh costs and risks.

The findings closely mirror the first annual mRDC Industry Study in 2014. A majority of financial institutions will embrace mRDC during the next few years, Leekley says.

The study draws from an online survey of 322 credit unions and banks.

(Via news.cuna.org)