Analysis
NAICS 522180 is the 2022 national industry for savings institutions and other depository credit intermediation, part of 52218 (Savings Institutions and Other Depository Credit Intermediation). Census lists 17 example activities under it in the official index.
Its index entries, the activities Census uses to assign businesses to this code, include associations, savings and loan, banks, industrial (i.e., known as), depository, banks, private (i.e., unincorporated) and banks, savings, among 17 in all.
Census lists 3 related activities that belong elsewhere, most often in 522110, 522130 and 522299. Businesses that do several things are classified by their primary activity, the one that generates the most value, so check those boundaries before settling on this code.
For example, accepting demand and other deposits and making all types of loans are classified in 522110 (Commercial Banking) instead.
County Business Patterns publishes no national count for it, either because the code is out of the survey's scope or because the figures are suppressed to protect individual businesses.
Official definition
This industry comprises establishments primarily engaged in accepting deposits, making mortgage, real estate, and other consumer and commercial loans, and investing in high-grade securities (except commercial banking and credit unions). Savings and loan associations, savings banks, private banks (i.e., unincorporated banks), and establishments known as industrial banks or Morris Plans and primarily engaged in accepting deposits are included in this industry.
Source: US Census Bureau, NAICS 2022 Manual.
Not this code if…
| The business mainly does | Use instead |
|---|---|
| Accepting demand and other deposits and making all types of loans | 522110 Commercial Banking |
| Accepting members' share deposits in cooperatives | 522130 Credit Unions |
| Buying, pooling, and repackaging loans for sale to others on the secondary market and establishments known as industrial banks and Morris Plans and primarily engaged in providing nondepository credit | 522299 International, Secondary Market, and All Other Nondepository Credit Intermediation |
Index entries (17)
- Associations, savings and loan
- Banks, industrial (i.e., known as), depository
- Banks, private (i.e., unincorporated)
- Banks, savings
- Federal savings and loan associations (S&L)
- Federal savings banks
- Industrial banks (i.e., known as), depository
- Institutions, savings
- Morris Plans (i.e., known as), depository
- Mutual savings banks
- Plans, Morris (i.e., known as), depository
- Private banks (i.e., unincorporated)
- Savings and loan associations (S&L)
- Savings banks
- Savings institutions
- State savings and loan associations
- State savings banks