2002 NAICS Definitions
522 Credit Intermediation and Related Activities

522 Credit Intermediation and Related Activities

Industries in the Credit Intermediation and Related Activities subsector group establishments that (1) lend funds raised from depositors; (2) lend funds raised from credit market borrowing; or (3) facilitate the lending of funds or issuance of credit by engaging in such activities as mortgage and loan brokerage, clearinghouse and reserve services, and check cashing services.

5221 Depository Credit Intermediation

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.

52211 Commercial Banking

See industry description for 522110 below.

522110 Commercial Banking

This industry comprises establishments primarily engaged in accepting demand and other deposits and making commercial, industrial, and consumer loans. Commercial banks and branches of foreign banks are included in this industry.

Cross-References.

• Establishments primarily engaged in credit card banking are classified in Industry 522210, Credit Card Issuing;
• Establishments known as industrial banks and primarily engaged in accepting deposits are classified in Industry 522190, Other Depository Credit Intermediation; and
• Establishments of depository institutions primarily engaged in trust activities are classified in U.S. Industry 523991, Trust, Fiduciary, and Custody Activities.

Go to:

No change 1997 to 2002

2002 NAICS to 1987 SIC

1997 Economic Census

Bridge Between 1997 NAICS and SIC

2002 NAICS	1997 NAICS	1987 SIC	Corresponding Index Entries
522110	522110		Banks, commercial
522110	522110	6081	Branches of foreign banks
522110	522110		Commercial banking
522110	522110		Commercial banks
522110	522110		Depository trust companies
522110	522110	6021	National commercial banks
522110	522110	6022	State commercial banks

52212 Savings Institutions

See industry description for 522120 below.

522120 Savings Institutions

This U.S. industry comprises establishments primarily engaged in accepting time deposits, making mortgage and real estate loans, and investing in high-grade securities. Savings and loan associations and savings banks are included in this industry.

Cross-References. Establishments primarily engaged in accepting demand and other deposits and making all types of loans are classified in Industry 522110, Commercial Banking.

Go to:

No change 1997 to 2002

2002 NAICS to 1987 SIC

1997 Economic Census

Bridge Between 1997 NAICS and SIC

2002 NAICS	1997 NAICS	1987 SIC	Corresponding Index Entries
522120	522120		Associations, savings and loan
522120	522120		Banks, savings
522120	522120	6035	Federal savings and loan associations (S&L)
522120	522120	6035	Federal savings banks
522120	522120		Institutions, savings
522120	522120		Mutual savings banks
522120	522120		Savings and loan associations (S&L)
522120	522120		Savings banks
522120	522120		Savings institutions
522120	522120		State savings and loan associations
522120	522120	6036	State savings banks

52213 Credit Unions

See industry description for 522130 below.

522130 Credit Unions

This industry comprises establishments primarily engaged in accepting members' share deposits in cooperatives that are organized to offer consumer loans to their members.

Go to:

No change 1997 to 2002

2002 NAICS to 1987 SIC

1997 Economic Census

Bridge Between 1997 NAICS and SIC

2002 NAICS	1997 NAICS	1987 SIC	Corresponding Index Entries
522130	522130		Corporate credit unions
522130	522130		Credit unions
522130	522130	6061	Federal credit unions
522130	522130	6062	State credit unions
522130	522130		Unions, credit

52219 Other Depository Credit Intermediation

See industry description for 522190 below.

522190 Other Depository Credit Intermediation

This industry comprises establishments primarily engaged in accepting deposits and lending funds (except commercial banking, savings institutions, and credit unions). Establishments known as industrial banks or Morris Plans and primarily engaged in accepting deposits, and private banks (i.e., unincorporated banks) are included in this industry.

Cross-References.

• Establishments primarily engaged in accepting demand and other deposits and making all types of loans are classified in Industry 522110, Commercial Banking;
• Establishments primarily engaged in accepting time deposits are classified in Industry 522120, Savings Institutions;
• Establishments primarily engaged in accepting members' share deposits in cooperatives are classified in Industry 522130, Credit Unions; and
• Establishments known as industrial banks and Morris Plans and are primarily engaged in providing nondepository credit are classified in U.S. Industry 522298, All Other Nondepository Credit Intermediation.

Go to:

No change 1997 to 2002

2002 NAICS to 1987 SIC

1997 Economic Census

Bridge Between 1997 NAICS and SIC

2002 NAICS	1997 NAICS	1987 SIC	Corresponding Index Entries
522190	522190	6022	Banks, industrial (i.e., known as), depository
522190	522190	6022	Banks, private (i.e., unincorporated)
522190	522190	6022	Industrial banks (i.e., known as), depository
522190	522190	6022	Morris Plans (i.e., known as), depository
522190	522190	6022	Plans, Morris (i.e., known as), depository
522190	522190	6022	Private banks (i.e., unincorporated)

5222 Nondepository Credit Intermediation

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.

52221 Credit Card Issuing

See industry description for 522210 below.

522210 Credit Card Issuing

This industry comprises establishments primarily engaged in providing credit by issuing credit cards. Credit card issuance provides the funds required to purchase goods and services in return for payment of the full balance or payments on an installment basis. Credit card banks are included in this industry.

Cross-References. Establishments primarily engaged in issuing cards that contain a stored prepaid value are classified with the industry providing the service represented by the cards, such as transit fare cards, in Subsector 482, Rail Transportation, and long-distance telephone cards in Subsector 517, Telecommunications.

Go to:

No change 1997 to 2002

2002 NAICS to 1987 SIC

1997 Economic Census

Bridge Between 1997 NAICS and SIC

2002 NAICS	1997 NAICS	1987 SIC	Corresponding Index Entries
522210	522210		Banks, credit card
522210	522210	6141	Charge card issuing
522210	522210		Credit card banks
522210	522210		Credit card issuing
522210	522210		Issuing, credit card

52222 Sales Financing

See industry description for 522220 below.

522220 Sales Financing

This industry comprises establishments primarily engaged in sales financing or sales financing in combination with leasing. Sales financing establishments are primarily engaged in lending money for the purpose of providing collateralized goods through a contractual installment sales agreement, either directly from or through arrangements with dealers.

Cross-References. Establishments not engaged in sales financing, but primarily engaged in providing leases for equipment and other assets are classified in Subsector 532, Rental and Leasing Services.

Go to:

No change 1997 to 2002

2002 NAICS to 1987 SIC

1997 Economic Census

Bridge Between 1997 NAICS and SIC

2002 NAICS	1997 NAICS	1987 SIC	Corresponding Index Entries
522220	522220	6159	Automobile finance leasing companies
522220	522220	6141	Automobile financing
522220	522220	6159	Equipment finance leasing
522220	522220		Financing, sales
522220	522220	6141	Installment sales financing
522220	522220	6159	Leasing in combination with sales financing
522220	522220	6159	Machinery finance leasing
522220	522220		Sales financing
522220	522220	6159	Truck finance leasing

52229 Other Nondepository Credit Intermediation

This industry comprises establishments primarily engaged in making cash loans or extending credit through credit instruments (except credit cards and sales finance agreements).

Cross-References. Establishments primarily engaged in--

• Providing credit sales by issuing credit cards--are classified in Industry 522210, Credit Card Issuing;
• Providing leases for equipment and other assets without sales financing-- are classified in Subsector 532, Rental and Leasing Services;
• Accepting deposits and lending funds from these deposits--are classified in Industry Group 5221, Depository Credit Intermediation;
• Arranging loans for others on a commission or fee basis--are classified Industry 522310, Mortgage and Nonmortgage Loan Brokers; and
• Guaranteeing international trade loans--are classified in Industry 52412, Direct Insurance (except Life, Health, and Medical) Carriers.

522291 Consumer Lending

This U.S. industry comprises establishments primarily engaged in making unsecured cash loans to consumers.

Cross-References. Establishments primarily engaged in--

• Accepting deposits and lending funds from these deposits--are classified in Industry Group 5221, Depository Credit Intermediation; and
• Arranging loans for others on a commission or fee basis--are classified Industry 522310, Mortgage and Nonmortgage Loan Brokers.

Go to:

No change 1997 to 2002

2002 NAICS to 1987 SIC

1997 Economic Census

Bridge Between 1997 NAICS and SIC

2002 NAICS	1997 NAICS	1987 SIC	Corresponding Index Entries
522291	522291	6141	Consumer finance companies (i.e., unsecured cash loans)
522291	522291	6141	Consumer lending
522291	522291	6141	Finance companies (i.e., unsecured cash loans)
522291	522291	6141	Loan companies (i.e., consumer, personal, small, student)
522291	522291	6141	Personal credit institutions (i.e., unsecured cash loans)
522291	522291	6141	Personal finance companies (i.e., unsecured cash loans)
522291	522291	6141	Small loan companies (i.e., unsecured cash loans)
522291	522291	6141	Student loan companies

522292 Real Estate Credit

This U.S. industry comprises establishments primarily engaged in lending funds with real estate as collateral.

Cross-References. Establishments primarily engaged in--

• Servicing loans--are classified in Industry 522390, Other Activities Related to Credit Intermediation;
• Arranging loans for others on a commission or fee basis--are classified in Industry 522310, Mortgage and Nonmortgage Loan Brokers; and
• Accepting deposits and lending funds secured by real estate--are classified in Industry Group 5221, Depository Credit Intermediation.

Go to:

No change 1997 to 2002

2002 NAICS to 1987 SIC

1997 Economic Census

Bridge Between 1997 NAICS and SIC

2002 NAICS	1997 NAICS	1987 SIC	Corresponding Index Entries
522292	522292	6162	Construction lending
522292	522292	6159	Farm mortgage lending
522292	522292	6111	Federal Land Banks
522292	522292	6162	Home equity credit lending
522292	522292	6162	Loan correspondents (i.e., lending funds with real estate as collaterial)
522292	522292	6162	Mortgage banking (i.e., nondepository mortgage lending)
522292	522292	6162	Mortgage companies
522292	522292	6162	Real estate credit lending
522292	522292	6162	Reverse mortgage lending

522293 International Trade Financing

This U.S. industry comprises establishments primarily engaged in providing one or more of the following: (1) working capital funds to U.S. exporters; (2) lending funds to foreign buyers of U.S. goods; and/or (3) lending funds to domestic buyers of imported goods.

Cross-References. Establishments primarily engaged in--

• Guaranteeing international trade loans--are classified in U.S. Industry 524126, Direct Property and Casualty Insurance Carriers;
• Brokering international trade loans--are classified in Industry 522310, Mortgage and Nonmortgage Loan Brokers; and
• Accepting deposits and lending funds from these deposits--are classified in Industry Group 5221, Depository Credit Intermediation.

Go to:

No change 1997 to 2002

2002 NAICS to 1987 SIC

1997 Economic Census

Bridge Between 1997 NAICS and SIC

2002 NAICS	1997 NAICS	1987 SIC	Corresponding Index Entries
522293	522293	6081	Agencies of foreign banks (i.e., trade financing)
522293	522293	6082	Agreement corporations (i.e., international trade financing)
522293	522293	6111	Banks, trade (i.e., international trade financing)
522293	522293	6082	Edge Act corporations (i.e., international trade financing)
522293	522293	6159	Export trading companies (i.e., international trade financing)
522293	522293	6111	Export-Import banks
522293	522293	6159	International trade financing
522293	522293	6159	Trade banks (i.e., international trade financing)
522293	522293	6081	Trade financing, international

522294 Secondary Market Financing

This U.S. industry comprises establishments primarily engaged in buying, pooling, and repackaging loans for sale to others on the secondary market.

Go to:

No change 1997 to 2002

2002 NAICS to 1987 SIC

1997 Economic Census

Bridge Between 1997 NAICS and SIC

2002 NAICS	1997 NAICS	1987 SIC	Corresponding Index Entries
522294	522294	6111	Federal Agricultural Mortgage Corporation
522294	522294	6111	Federal Home Loan Mortgage Corporation (FHLMC)
522294	522294	6111	Federal Intermediate Credit Bank
522294	522294	6111	Federal National Mortgage Association (FNMA)
522294	522294	6111	FHLMC (Federal Home Loan Mortgage Corporation)
522294	522294		Financing, secondary market
522294	522294	6111	FNMA (Federal National Mortgage Association)
522294	522294	6111	GNMA (Government National Mortgage Association)
522294	522294	6111	Government National Mortgage Association (GNMA)
522294	522294	6111	Government-sponsored enterprises providing secondary market financing
522294	522294	6159	Real estate mortgage investment conduits (REMICs) issuing, private
522294	522294	6159	REMICs (real estate mortgage investment conduits) issuing, private
522294	522294	6111	Repackaging loans for sale to others (i.e., private conduits)
522294	522294		Secondary market financing (i.e., buying, pooling, repackaging loans for sale to
522294	522294	6111	SLMA (Student Loan Marketing Association)
522294	522294	6111	Student Loan Marketing Association (SLMA)

522298 All Other Nondepository Credit Intermediation

This U.S. industry comprises establishments primarily engaged in providing nondepository credit (except credit card issuing, sales financing, consumer lending, real estate credit, international trade financing, and secondary market financing). Examples of types of lending in this industry are: short-term inventory credit, agricultural lending (except real estate and sales financing) and consumer cash lending secured by personal property.

Cross-References.

• Establishments primarily engaged in providing credit sales funding are classified in Industry 522210, Credit Card Issuing;
• Establishments primarily engaged in sales financing or sales financing in combination with leasing are classified in Industry 522220, Sales Financing;
• Establishments primarily engaged in making unsecured cash loans to consumers are classified in U.S. Industry 522291, Consumer Lending;
• Establishments primarily engaged in lending funds with real estate as collateral are classified in U.S. Industry 522292, Real Estate Credit;
• Establishments primarily engaged in international trade financing are classified in U.S. Industry 522293, International Trade Financing;
• Establishments primarily engaged in buying, pooling, and repackaging loans for sale to others on the secondary market are classified in U.S. Industry 522294, Secondary Market Financing; and
• Establishments known as industrial banks or Morris Plans and are primarily engaged in accepting deposits are classified in Industry 522190, Other Depository Credit Intermediation.

Go to:

No change 1997 to 2002

2002 NAICS to 1987 SIC

1997 Economic Census

Bridge Between 1997 NAICS and SIC

2002 NAICS	1997 NAICS	1987 SIC	Corresponding Index Entries
522298	522298	6159	Agricultural credit institutions, making loans or extending credit (except real e
522298	522298	6159	Agricultural lending (except real estate, sales financing)
522298	522298	6141	Banks, industrial (i.e., known as), nondepository
522298	522298	6111	Commodity Credit Corporation
522298	522298	6082	Edge Act corporations (except international trade financing)
522298	522298	6153	Factoring accounts receivable
522298	522298	6019	Federal Home Loan Banks (FHLB)
522298	522298	6141	Industrial banks (i.e., known as), nondepository
522298	522298	6141	Industrial loan companies, nondepository
522298	522298	6141	Morris Plans (i.e., known as), nondepository
522298	522298	6019	National Credit Union Administration (NCUA)
522298	522298	5932	Pawnshops
522298	522298	6141	Plans, Morris (i.e., known as), nondepository
522298	522298	6153	Purchasing of accounts receivable
522298	522298	6153	Short-term inventory credit lending

5223 Activities Related to Credit Intermediation

This industry group comprises establishments primarily engaged in facilitating credit intermediation by performing activities, such as arranging loans by bringing borrowers and lenders together and clearing checks and credit card transactions.

52231 Mortgage and Nonmortgage Loan Brokers

See industry description for 522310 below.

522310 Mortgage and Nonmortgage Loan Brokers

This industry comprises establishments primarily engaged in arranging loans by bringing borrowers and lenders together on a commission or fee basis.

Cross-References. Establishments primarily engaged in--

• Lending funds with real estate as collateral--are classified in U.S. Industry 522292, Real Estate Credit; and
• Servicing loans--are classified in Industry 522390, Other Activities Related to Credit Intermediation.

Go to:

No change 1997 to 2002

2002 NAICS to 1987 SIC

1997 Economic Census

Bridge Between 1997 NAICS and SIC

2002 NAICS	1997 NAICS	1987 SIC	Corresponding Index Entries
522310	522310	6163	Agencies, loan
522310	522310	6163	Brokerages, loan
522310	522310	6163	Brokerages, mortgage
522310	522310	6163	Brokers' offices, loan
522310	522310	6163	Brokers' offices, mortgage
522310	522310	6163	Loan brokerages
522310	522310	6163	Loan brokers' or agents' offices (i.e., independent)
522310	522310	6163	Mortgage brokerages
522310	522310	6163	Mortgage brokers' or agents' offices (i.e., independent)

52232 Financial Transactions Processing, Reserve, and Clearinghouse Activities

See industry description for 522320 below.

522320 Financial Transactions Processing, Reserve, and Clearinghouse Activities

This industry comprises establishments primarily engaged in providing one or more of the following: (1) financial transaction processing (except central bank); (2) reserve and liquidity services (except central bank); and/or (3) check or other financial instrument clearinghouse services (except central bank).

Cross-References.

• Establishments primarily engaged in nonfinancial data and electronic transaction processing are classified in Industry Group 5182, Data Processing, Hosting, and Related Services; and
• Establishments of the central bank primarily engaged in check clearing and other financial transaction processing are classified in Industry 521110, Monetary Authorities-Central Bank.

Go to:

No change 1997 to 2002

2002 NAICS to 1987 SIC

1997 Economic Census

Bridge Between 1997 NAICS and SIC

2002 NAICS	1997 NAICS	1987 SIC	Corresponding Index Entries
522320	522320	6099	Automated clearinghouses, bank or check (except central bank)
522320	522320	6099	Bank clearinghouse associations
522320	522320	6099	Check clearing services (except central banks)
522320	522320	6099	Check clearinghouse services (except central banks)
522320	522320	7389	Check validation services
522320	522320	6099	Clearinghouses, bank or check
522320	522320	6153	Credit card processing services
522320	522320	6099	Electronic financial payment services
522320	522320	6099	Electronic funds transfer services
522320	522320		Financial transactions processing (except central bank)
522320	522320		Processing financial transactions
522320	522320	6099	Reserve and liquidity services (except central bank)
522320	522320		U.S. Central Credit Union

52239 Other Activities Related to Credit Intermediation

See industry description for 522390 below.

522390 Other Activities Related to Credit Intermediation

This industry comprises establishments primarily engaged in facilitating credit intermediation (except mortgage and loan brokerage; and financial transactions processing, reserve, and clearinghouse activities).

Cross-References. Establishments primarily engaged in--

• Arranging loans for others on a commission or fee basis--are classified in Industry 522310, Mortgage and Nonmortgage Loan Brokers;
• Providing financial transactions processing, reserve, and clearinghouse activities--are classified in Industry 522320, Financial Transactions Processing, Reserve, and Clearinghouse Activities;
• Foreign currency exchange dealing--are classified in Industry 523130, Commodity Contracts Dealing; and
• Providing escrow services (except real estate)--are classified in U.S. Industry 523991, Trust, Fiduciary, and Custody Activities.

Go to:

No change 1997 to 2002

2002 NAICS to 1987 SIC

1997 Economic Census

Bridge Between 1997 NAICS and SIC

2002 NAICS	1997 NAICS	1987 SIC	Corresponding Index Entries
522390	522390	6099	Check cashing services
522390	522390	6162	Loan servicing
522390	522390	6099	Money order issuance services
522390	522390	6099	Travelers' check issuance services

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Page Last Modified: May 06, 2003