Credit Unions
Key Figures
Figures are published for NAICS 522130 directly.
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Official definition
This industry comprises establishments primarily engaged in accepting members' share deposits in cooperatives that are organized to offer consumer loans to their members.
Source: US Census Bureau, 2017 NAICS Definitions. Public domain.
Which code does this activity belong in?
Credit unions accept members' share deposits within cooperatives structured specifically to provide consumer loans to those members. The distinction from commercial banking lies in the cooperative membership structure and consumer lending focus, whereas commercial banks serve general business and consumer customers without a membership requirement. Savings institutions, by contrast, primarily focus on mortgage lending rather than consumer loans, though both accept deposits. Other depository credit intermediaries engage in deposit-taking activities but operate outside the traditional cooperative or savings institution frameworks.