6-digit U.S. detail
522390
Other Activities Related to Credit Intermediation
Description
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
Hierarchy
| Code | Title | Description |
|---|---|---|
| 52 | Finance and Insurance 2-digit sector | The Sector as a Whole The Finance and Insurance sector comprises establishments primarily engaged in financial transactions (transactions involving the creation, liquidation, or change in ownership of financial assets) and/or in facilitating financial transactions. Three principal types of activities are identified: 1. Raising funds by taking deposits and/or issuing securities and, in the process, incurring liabilities. Establishments engaged in this activity use raised funds to acquire financial assets by making loans and/or purchasing securities. Putting themselves at risk, they channel funds from lenders to borrowers and transform or repackage the funds with respect to maturity, scale, and risk. This activity is known as financial intermediation. 2. Pooling of risk by underwriting insurance and annuities. Establishments engaged in this activity collect fees, insurance premiums, or annuity considerations; build up reserves; invest those reserves; and make contractual payments. Fees are based on the expected incidence of the insured risk and the expected return on investment. 3. Providing specialized services facilitating or supporting financial intermediation, insurance, and employee benefit programs. In addition, monetary authorities charged with monetary control are included in this sector. The subsectors, industry groups, and industries within the Finance and Insurance sector are defined on the basis of their unique production processes. As with all industries, the production processes are distinguished by their use of specialized human resources and specialized physical capital. In addition, the way in which these establishments acquire and allocate financial capital, their source of funds, and the use of those funds provides a third basis for distinguishing characteristics of the production process. For instance, the production process in raising funds through deposit-taking is different from the process of raising funds in bond or money markets. The process of making loans to individuals also requires different production processes than does the creation of investment pools or the underwriting of securities. Most of the Finance and Insurance subsectors contain one or more industry groups of (1) intermediaries with similar patterns of raising and using funds and (2) establishments engaged in activities that facilitate, or are otherwise related to, that type of financial or insurance intermediation. Industries within this sector are defined in terms of activities for which a production process can be specified, and many of these activities are not exclusive to a particular type of financial institution. To deal with the varied activities taking place within existing financial institutions, the approach is to split these institutions into components performing specialized services. This requires defining the units engaged in providing those services and developing procedures that allow for their delineation. These units are the equivalents for finance and insurance of the establishments defined for other industries. The output of many financial services, as well as the inputs and the processes by which they are combined, cannot be observed at a single location and can only be defined at a higher level of the organizational structure of the enterprise. Additionally, a number of independent activities that represent separate and distinct production processes may take place at a single location belonging to a multilocation financial firm. Activities are more likely to be homogeneous with respect to production characteristics than are locations, at least in financial services. The classification defines activities broadly enough that it can be used both by those classifying by location and by those employing a more top-down approach to the delineation of the establishment. Establishments engaged in activities that facilitate, or are otherwise related to, the various types of intermediation are included in multiple subsectors, rather than in a separate subsector dedicated to services alone, because these services are performed by intermediaries, as well as by specialist establishments, and the extent to which the activity of the intermediaries can be separately identified is not clear. Financial industries are extensive users of electronic means for facilitating the verification of financial balances, authorizing transactions, transferring funds to and from transactors' accounts, notifying banks (or credit card issuers) of the individual transactions, and providing daily summaries. Since these transaction processing activities are integral to the production of finance and insurance services, establishments that principally provide a financial transaction processing service are classified in this sector, rather than in the data processing industry in the Information sector. Legal entities that hold portfolios of assets on behalf of others are significant and data on them are required for a variety of purposes. Thus, for NAICS, these funds, trusts, and other financial vehicles are the fifth subsector of the Finance and Insurance sector. These entities earn interest, dividends, and other property income, but have little or no employment and no revenue from the sale of services. Separate establishments and employees devoted to the management of funds are classified in Industry Group 5239, Other Financial Investment Activities. |
| 522 | Credit Intermediation and Related Activities 3-digit subsector | 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. |
| 5223 | Activities Related to Credit Intermediation 4-digit industry group | 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. |
| 52239 | Other Activities Related to Credit Intermediation 5-digit NAICS industry | See industry description for 522390. |
| 522390 | Other Activities Related to Credit Intermediation 6-digit U.S. detail | 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 |
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Classification References
- 01Arranging loans for others on a commission or fee basis--are classified in Industry 522310, Mortgage and Nonmortgage Loan Brokers;
- 02Financial transactions processing, reserve, and clearinghouse activities (except commodity or securities exchange services)--are classified in Industry 522320, Financial Transactions Processing, Reserve, and Clearinghouse Activities;
- 03Furnishing physical or electronic marketplaces for the purpose of facilitating the buying and selling of securities and commodities--are classified in Industry 523210, Securities and Commodity Exchanges;
- 04Operating commodity or securities exchange clearinghouses--are classified in U.S. Industry 523999, Miscellaneous Financial Investment Activities;
- 05Foreign currency exchange dealing and brokering--are classified in Industry 523160, Commodity Contracts Intermediation;
- 06Providing escrow services (except real estate)--are classified in U.S. Industry 523991, Trust, Fiduciary, and Custody Activities; and
- 07Operating pawnshops--are classified in U.S. Industry 522299, International, Secondary Market, and All Other Nondepository Credit Intermediation.
Index Items
Check cashing services
Loan servicing
Money order issuance services
Money transmission services
Payday lending services
Travelers' check issuance services
How Item Can Help
This tool provides predictive analytics for credit intermediaries to identify customer payment risks early, allowing businesses to adjust credit lines before defaults occur and optimize their capital allocation for high-performing clients.
By offering real-time visibility into inventory levels and shipment statuses, WMS helps intermediaries provide accurate collateral valuation to lenders, ensuring that loan terms are based on the true market value of the assets.
TMS optimizes logistics routes and delivery schedules to reduce shipping costs and carbon footprints, enabling credit intermediaries to lower operating expenses and improve their net interest margins.
External Resources
Census.gov NAICS Detail
Official US Census Bureau definition and scope for NAICS 522390.
National Federation of Credit Unions
A major trade association representing credit unions that perform credit intermediation activities.
Federal Reserve Board of Governors
A U.S. government resource providing regulatory guidance on credit unions and their intermediation functions.
NAICS.gov
The official U.S. government directory defining and cataloging NAICS code 522390 with related industry statistics.
