NAICS 522120Request a report
Savings Institutions
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Official definition
This 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.
Source: US Census Bureau, 2017 NAICS Definitions. Public domain.
Which code does this activity belong in?
Savings institutions accept time deposits and originate mortgage and real estate loans as their primary business, distinguishing them from commercial banks which focus on demand deposits and commercial lending. Savings institutions also differ from credit unions, which are member-owned cooperatives, and from other depository intermediaries classified elsewhere in the depository credit intermediation sector.
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