Analysis
NAICS 5221 is the 2022 industry group for depository credit intermediation, part of 522 (Credit Intermediation and Related Activities). Census lists 29 example activities under it in the official index.
County Business Patterns counts 108,792 US establishments in this code in 2023, employing 2,072,993 people at an average annual payroll of $101,156 per employee (85th percentile of national industries). 26% of the establishments have fewer than five employees, which is close to the national mix.
By establishments it ranks 1st of the 3 codes at this level within Credit Intermediation and Related Activities, with 61.5% of them.
Across its national industries Census lists 29 index entries; typical ones are banks, commercial, corporate credit unions and associations, savings and loan.
It splits into 3 more detailed codes. The largest by establishments is 52211 (Commercial Banking) with 82,989.
Its more detailed codes are 52211 Commercial Banking (82,989 establishments), 52213 Credit Unions (19,605 establishments) and 52218 Savings Institutions and Other Depository Credit Intermediation.
Official definition
This industry group comprises establishments primarily engaged in accepting deposits (or share deposits) and in lending funds from these deposits. Within this group, industries are defined on the basis of differences in the types of deposit liabilities assumed and in the nature of the credit extended.
Source: US Census Bureau, NAICS 2022 Manual.
Index entries (29)
- Banks, commercial
- Corporate credit unions
- Associations, savings and loan