Analysis
NAICS 522130 is the 2022 national industry for credit unions, part of 52213 (Credit Unions). Census lists 5 example activities under it in the official index.
County Business Patterns counts 19,605 US establishments in this code in 2023, employing 348,545 people at an average annual payroll of $73,279 per employee (58th percentile of national industries). 27% of the establishments have fewer than five employees, which is close to the national mix.
Its index entries, the activities Census uses to assign businesses to this code, include corporate credit unions, credit unions, federal credit unions and state credit unions, among 5 in all.
Between 2018 and 2023 the number of establishments grew 2% and employment rose 16%. The 2018 count used NAICS 2017, so part of a large move can come from codes being redefined rather than from businesses opening or closing.
Official definition
This industry comprises establishments primarily engaged in accepting members' share deposits in cooperatives that are organized to offer consumer loans to their members.
Source: US Census Bureau, NAICS 2022 Manual.
Index entries (5)
- Corporate credit unions
- Credit unions
- Federal credit unions
- State credit unions
- Unions, credit