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 Q4-2020 analysis.
Key Credit Union Numbers
- $1.97 billion – Total HSA assets held at credit unions totaled $1.97 billion as of 12/31/20, up 12.2% year-over-year.
- 863 – There were 863 credit unions holding HSA assets as of 12/31/20 (17% of credit unions), up from 843 credit unions three years ago. There were 44 credit unions that each held at least $10 million in HSA assets as of 12/31/20.
- 45% – The 25 credit unions with the most HSA assets hold 45% of all HSA assets held at credit unions.
- $2,835 – Devenir estimates the average HSA balance at a credit union is $2,835 as of 12/31/20, up from $2,513 at the end of 2019.