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 Q1-2020 analysis.
Key Credit Union Numbers
- $1.86 billion – Total HSA assets held at credit unions totaled $1.86 billion as of 3/31/20, up 8% year-over-year.
- 857 – There were 857 credit unions holding HSA assets as of 3/31/20 (16% of credit unions), up from 840 credit unions three years ago. There were 39 credit unions that each held at least $10 million in HSA assets as of 3/31/20.
- 46% – The 25 credit unions with the most HSA assets hold 46% of all HSA assets held at credit unions.
- $2,632 – Devenir estimates the average HSA balance at a credit union is $2,632 as of 3/31/20, up from $2,513 at the end of 2019.