Devenir tracks health savings accounts in the credit union industry closely through NCUA filings and a variety of other sources. Below are some key points from our Q4-2019 analysis.
Key Credit Union Numbers
- $1.76 billion – Total HSA assets held at credit unions totaled $1.76 billion as of 12/31/19, up 8% year-over-year.
- 851 – There were 851 credit unions holding HSA assets as of 12/31/19 (16% of credit unions), up from 832 credit unions three years ago. There were 38 credit unions that each held at least $10 million in HSA assets as of 12/31/19.
- 46% – The 25 credit unions with the most HSA assets hold 46% of all HSA assets held at credit unions.
- $2,513 – Devenir estimates the average HSA balance at a credit union is $2,513 as of 12/31/19, up from $2,417 at the end of 2018.