In the span of just 12 months, a revolution in financial transactions has occurred. Mobile banking has shifted from nice to have to must have at credit unions across the country as a stampede of institutions have embraced the idea that members demand the convenience of banking from the palm of their hands.

“About 3,000 of some 14,000 banks and credit unions in the country now offer mobile banking,” said Drew Sievers, CEO of mobile banking apps developer mFoundry. “We sell mobile banking to a new financial institution every 26 hours.”

At Fiserv, Kelly Rodriguez, director of strategy, sees similar penetration, “About 30% of credit unions now offer some form of mobile banking.”