Analysis
NAICS 522390 is the 2022 national industry for other activities related to credit intermediation, part of 52239 (Other Activities Related to Credit Intermediation). Census lists 6 example activities under it in the official index.
Between 2018 and 2023 the number of establishments fell 26% and employment fell 21%. 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.
County Business Patterns counts 11,300 US establishments in this code in 2023, employing 77,752 people at an average annual payroll of $87,201 per employee (75th percentile of national industries). 81% of the establishments have fewer than five employees, which marks it as a small-business industry.
Census lists 7 related activities that belong elsewhere, most often in 522310, 522320, 523210 and 523999. 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.
Its index entries, the activities Census uses to assign businesses to this code, include check cashing services, loan servicing, money order issuance services and money transmission services, among 6 in all.
For example, arranging loans for others on a commission or fee basis are classified in 522310 (Mortgage and Nonmortgage Loan Brokers) instead.
Official definition
This industry comprises establishments primarily engaged in facilitating credit intermediation (except mortgage and loan brokerage; and financial transactions processing, reserve, and clearinghouse activities).
Illustrative Examples:
Check cashing services Money order issuance services Loan servicing Travelers' check issuance services Money transmission services Payday lending services
Source: US Census Bureau, NAICS 2022 Manual.
Not this code if…
| The business mainly does | Use instead |
|---|---|
| Arranging loans for others on a commission or fee basis | 522310 Mortgage and Nonmortgage Loan Brokers |
| Financial transactions processing, reserve, and clearinghouse activities (except commodity or securities exchange services) | 522320 Financial Transactions Processing, Reserve, and Clearinghouse Activities |
| Furnishing physical or electronic marketplaces for the purpose of facilitating the buying and selling of securities and commodities | 523210 Securities and Commodity Exchanges |
| Operating commodity or securities exchange clearinghouses | 523999 Miscellaneous Financial Investment Activities |
| Foreign currency exchange dealing and brokering | 523160 Commodity Contracts Intermediation |
| Providing escrow services (except real estate) | 523991 Trust, Fiduciary, and Custody Activities |
| Operating pawnshops | 522299 International, Secondary Market, and All Other Nondepository Credit Intermediation |
Index entries (6)
- Check cashing services
- Loan servicing
- Money order issuance services
- Money transmission services
- Payday lending services
- Travelers' check issuance services