Analysis
NAICS 5222 is the 2022 industry group for nondepository credit intermediation, part of 522 (Credit Intermediation and Related Activities). Census lists 74 example activities under it in the official index.
County Business Patterns counts 42,371 US establishments in this code in 2023, employing 570,079 people at an average annual payroll of $110,908 per employee (88th percentile of national industries). 67% of the establishments have fewer than five employees, which marks it as a small-business industry.
Across its national industries Census lists 74 index entries; typical ones are banks, credit card, automobile finance leasing companies, consumer finance companies (i.e., unsecured cash loans) and construction lending.
Between 2018 and 2023 the number of establishments fell 8% and employment fell 9%. 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.
It splits into 3 more detailed codes. The largest by establishments is 52229 (Other Nondepository Credit Intermediation) with 38,403.
Its more detailed codes are 52221 Credit Card Issuing (615 establishments), 52222 Sales Financing (3,353 establishments) and 52229 Other Nondepository Credit Intermediation (38,403 establishments).
Official definition
This industry group comprises establishments, both public (government-sponsored enterprises) and private, primarily engaged in extending credit or lending funds raised by credit market borrowing, such as issuing commercial paper or other debt instruments or by borrowing from other financial intermediaries. Within this group, industries are defined on the basis of the type of credit being extended.
Source: US Census Bureau, NAICS 2022 Manual.
Index entries (74)
- Banks, credit card
- Automobile finance leasing companies
- Consumer finance companies (i.e., unsecured cash loans)
- Construction lending
- Agencies of foreign banks (i.e., trade financing)