522180 Savings Institutions and Other Depository Credit Intermediation

Official definition

This industry comprises establishments primarily engaged in accepting deposits, making mortgage, real estate, and other consumer and commercial loans, and investing in high-grade securities (except commercial banking and credit unions). Savings and loan associations, savings banks, private banks (i.e., unincorporated banks), and establishments known as industrial banks or Morris Plans and primarily engaged in accepting deposits are included in this industry.

Source: US Census Bureau, 2022 NAICS descriptions.

When to use a different code

Census classifies these close-sounding activities somewhere else. Businesses mainly engaged in:

• Accepting demand and other deposits and making all types of loans are classified in Industry 522110, Commercial Banking.
• Accepting members' share deposits in cooperatives are classified in Industry 522130, Credit Unions.
• Buying, pooling, and repackaging loans for sale to others on the secondary market and establishments known as industrial banks and Morris Plans and primarily engaged in providing nondepository credit are classified in U.S. Industry 522299, International, Secondary Market, and All Other Nondepository Credit Intermediation.

Source: US Census Bureau, 2022 NAICS cross-references.

Activities listed under 522180

The Census index assigns these 17 activities to this code. If your business matches one, this is your code.

• Associations, savings and loan
• Banks, industrial (i.e., known as), depository
• Banks, private (i.e., unincorporated)
• Banks, savings
• Federal savings and loan associations (S&L)
• Federal savings banks
• Industrial banks (i.e., known as), depository
• Institutions, savings
• Morris Plans (i.e., known as), depository
• Mutual savings banks
• Plans, Morris (i.e., known as), depository
• Private banks (i.e., unincorporated)
• Savings and loan associations (S&L)
• Savings banks
• Savings institutions
• State savings and loan associations
• State savings banks

Source: US Census Bureau, 2022 NAICS index file.

SBA size standard for 522180

To count as a small business for SBA loans and federal contracts under NAICS 522180, your business (including affiliates) must not exceed $850 million in average annual receipts. Check your business.

SBA footnote 8: NAICS Codes 522110, 522130, 522180, and 522210 – A financial institution's assets are determined by averaging the assets reported on its four quarterly financial statements for the preceding year. "Assets" means the assets defined according to the Federal Financial Institutions Examination Council 041 call report form for NAICS Codes 522110, 522180, and 522210 and the National Credit Union Administration 5300 call report form for NAICS code 522130.

Source: SBA table of size standards, effective March 17, 2023.

Closest UK SIC 2007 codes

There is no official one-to-one link between NAICS and UK SIC. These codes share the same international class (ISIC Rev. 4: 6419), so treat them as a starting point and check the definition.

• 64191BanksUK SIC
• 64192Building societiesUK SIC

Built from Census concordances 2022→2017 NAICS and 2017 NAICS→ISIC Rev. 4.

Similar codes to compare

• 522110Commercial Banking
• 522130Credit Unions