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 Q3-2020 analysis.
Key Credit Union Numbers
- $1.9 billion – Total HSA assets held at credit unions totaled $1.9 billion as of 9/30/20, up 9.7% year-over-year.
- 864 – There were 864 credit unions holding HSA assets as of 9/30/20 (16% of credit unions), up from 841 credit unions three years ago. There were 44 credit unions that each held at least $10 million in HSA assets as of 9/30/20.
- 45% – The 25 credit unions with the most HSA assets hold 45% of all HSA assets held at credit unions.
- $2,783 – Devenir estimates the average HSA balance at a credit union is $2,783 as of 9/30/20, up from $2,513 at the end of 2019.