North American Industry Classification System (NAICS) 2007

Classification

522 Credit Intermediation and Related Activities

This subsector comprises establishments primarily engaged in lending funds raised from depositors or by issuing debt, and establishments that facilitate the lending of funds or issuance of credit by engaging in such activities as mortgage and loan brokerage, clearinghouse and reserve services, and cheque-cashing services.

5221 Depository Credit Intermediation US

This industry group comprises establishments primarily engaged in accepting deposits and lending funds. Deposits are the principal source of funds loaned.

52211 Banking CAN

This industry comprises establishments primarily engaged in accepting deposits and issuing loans. Examples of establishments in this industry are establishments of chartered banks, trust companies and deposit-accepting mortgage companies that are primarily engaged in accepting deposits and issuing loans.

Exclusion(s):

  • local credit unions (52213, Local Credit Unions)
  • provincial government savings establishments that channel deposits received to the government rather than lending them to customers (52219, Other Depository Credit Intermediation)
  • and establishments primarily engaged in:

    • investment banking (52311, Investment Banking and Securities Dealing)
    • buying and selling securities for others on a commission basis (52312, Securities Brokerage)
    • underwriting insurance (5241, Insurance Carriers)

    522111 Personal and Commercial Banking Industry CAN

    This Canadian industry comprises establishments primarily engaged in accepting deposits from, and issuing loans to, persons or small- and medium-sized businesses. Establishments of chartered banks, trust companies and deposit-accepting mortgage companies that are primarily engaged in these activities are included.

    Exclusion(s):

    • local credit unions (522130, Local Credit Unions)
    • provincial government savings establishments that channel deposits to the government rather than lending them to customers (522190, Other Depository Credit Intermediation)

    Example activities

    522112 Corporate and Institutional Banking Industry CAN

    This Canadian industry comprises establishments primarily engaged in issuing loans to large businesses, governments or other large institutional clients, using funds primarily obtained from related personal and commercial banking establishments. Corporate and institutional banking establishments provide deposit and other services to their clients. Establishments of chartered banks that are primarily engaged in issuing loans to the above-mentioned clients are included.

    Exclusion(s): Establishments primarily engaged in:

    • investment banking (523110, Investment Banking and Securities Dealing)

    Example activities

    52213 Local Credit Unions US

    This industry comprises establishments of local credit unions and caisses populaires primarily engaged in accepting deposits from, and issuing loans to, members. Local credit unions raise funds from members through the sale of shares and the acceptance of deposits.

    522130 Local Credit Unions US

    This Canadian industry comprises establishments of local credit unions and caisses populaires primarily engaged in accepting deposits from, and issuing loans to, members. Local credit unions raise funds from members through the sale of shares and the acceptance of deposits.

    Example activities

    52219 Other Depository Credit Intermediation US

    This industry comprises establishments, not classified to any other industry, primarily engaged in accepting deposits and making loans. Provincial government savings establishments that channel deposits to the government rather than lending them to customers are also included.

    522190 Other Depository Credit Intermediation US

    This Canadian industry comprises establishments, not classified to any other industry, primarily engaged in accepting deposits and making loans. Provincial government savings establishments that channel deposits to the government rather than lending them to customers are also included.

    Example activities

    5222 Non-Depository Credit Intermediation US

    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 by issuing commercial paper and other debt instruments, and by borrowing from other financial intermediaries.

    52221 Credit Card Issuing US

    This industry comprises establishments primarily engaged in providing credit sales services to business entities, such as retailers, and to consumers by providing the funds required in return for payment of the full balance or payments on an installment basis.

    522210 Credit Card Issuing US

    This Canadian industry comprises establishments primarily engaged in providing credit sales services to business entities, such as retailers, and to consumers by providing the funds required in return for payment of the full balance or payments on an installment basis.

    Example activities

    52222 Sales Financing US

    This industry comprises establishments primarily engaged in sales financing. Establishments primarily engaged in providing financial leases or operating leases are also included if they are engaged in any sales financing.

    Sales financing establishments lend money to consumers and businesses, for the purchase of goods and services, using a contractual installment sales agreement, often either directly from, or through arrangements with, dealers of the products. Examples of establishments in this industry are acceptance companies of motor vehicle manufacturers and heavy equipment manufacturers. Establishments engaged in the purchase of installment and credit card receivables, created as a result of retail sales to businesses and individuals, are included.

    Exclusion(s): Establishments primarily engaged in:

    • providing operating leases and financial leases if they are not engaged in any sales financing (532, Rental and Leasing Services)

    522220 Sales Financing US

    This Canadian industry comprises establishments primarily engaged in sales financing. Establishments primarily engaged in providing financial leases or operating leases are also included if they are engaged in any sales financing.

    Sales financing establishments lend money to consumers and businesses, for the purchase of goods and services, using a contractual installment sales agreement, often either directly from, or through arrangements with, dealers of the products. Examples of establishments in this industry are acceptance companies of motor vehicle manufacturers and heavy equipment manufacturers. Establishments engaged in the purchase of installment and credit card receivables, created as a result of retail sales to businesses and individuals, are included.

    Example activities

    52229 Other Non-Depository Credit Intermediation US

    This industry comprises establishments, not classified to any other industry, primarily engaged in making cash loans or granting credit to consumers and businesses through credit instruments other than credit cards, sales finance agreements, or financial leases. Examples of types of lending are consumer credit, real estate credit, international trade financing, secondary market financing, and other non-depository credit intermediation.

    522291 Consumer Lending US

    This Canadian industry comprises establishments primarily engaged in providing unsecured cash loans to consumers. However, some cash lending activities may be secured by a chattel mortgage enabling the lender to take possession of the chattel in case of default. Examples of establishments in this Canadian industry are consumer loan companies, personal finance companies and small loan companies.

    Example activities

    522299 All Other Non-Depository Credit Intermediation CAN

    This Canadian industry comprises establishments, not classified to any other Canadian industry, primarily engaged in providing non-depository credit, such as real estate credit, international trade financing, short-term inventory credit and loans, working capital credit, and agricultural credit and loans. Examples of establishments in this industry are factoring companies, pawnshops, mortgage companies and government credit agencies that make direct loans or extend credit.

    Example activities

    5223 Activities Related to Credit Intermediation US

    This industry group comprises establishments primarily engaged in providing services closely related to credit intermediation, but not acting as intermediaries.

    52231 Mortgage and Non-mortgage Loan Brokers US

    This industry comprises establishments primarily engaged in arranging mortgage or other loans for others on a commission or fee basis. These establishments ordinarily do not have any continuing relationship with either borrower or lender.

    Exclusion(s): Establishments primarily engaged in:

    • mortgage banking (52229, Other Non-Depository Credit Intermediation)

    522310 Mortgage and Non-mortgage Loan Brokers US

    This Canadian industry comprises establishments primarily engaged in arranging mortgage or other loans for others on a commission or fee basis. These establishments ordinarily do not have any continuing relationship with either borrower or lender.

    Example activities

    52232 Financial Transactions Processing, Reserve and Clearing House Activities US

    This industry comprises establishments primarily engaged in providing financial transaction processing; reserve and overnight advance services; cheque or other financial instrument clearing house services; credit card processing; and electronic financial payment services. Examples of establishments in this industry are central credit unions, automated clearing houses and electronic financial payment services.

    Exclusion(s): Establishments primarily engaged in:

    • data processing (51821, Data Processing, Hosting, and Related Services)
    • cheque clearing and other transaction processing of the central bank (52111, Monetary Authorities - Central Bank)

    522321 Central Credit Unions CAN

    This Canadian industry comprises establishments of centrals, regionals, leagues and federations primarily engaged in providing financial transaction processing; reserve and overnight advances services; cheque or other financial instrument clearing house services; credit card processing; electronic financial payment services; and in accepting deposits from, and issuing loans to, members.

    Exclusion(s): Establishments primarily engaged in:

    • data processing (51821, Data Processing, Hosting, and Related Services)
    • cheque clearing and other transaction processing of the central bank (52111, Monetary Authorities - Central Bank)
    • automated clearinghouses (522329, Other Financial Transactions Processing and Clearing House Activities)
    • cheque validation service (522329, Other Financial Transactions Processing and Clearing House Activities)
    • electronic funds transfer networks (including switching (ATM's)) (522329, Other Financial Transactions Processing and Clearing House Activities)

    Example activities

    522329 Other Financial Transactions Processing and Clearing House Activities CAN

    This Canadian industry comprises establishments primarily engaged in providing cheque or other financial instrument clearing house services; credit card processing; and electronic financial payment services. Examples of establishments in this industry are automated clearing houses and electronic financial payment services.

    Exclusion(s): Establishments primarily engaged in:

    • data processing (51821, Data Processing, Hosting, and Related Services)
    • cheque clearing and other transaction processing of the central bank (52111, Monetary Authorities - Central Bank)

    Example activities

    52239 Other Activities Related to Credit Intermediation US

    This industry comprises establishments, not classified to any other industry, primarily engaged in facilitating credit intermediation, such as cheque-cashing, money order issuance, traveller's cheque issuance and servicing loans originated by others.

    Exclusion(s):

    • foreign currency exchange dealers (52313, Commodity Contracts Dealing)

    522390 Other Activities Related to Credit Intermediation US

    This Canadian industry comprises establishments, not classified to any other industry, primarily engaged in facilitating credit intermediation, such as cheque-cashing, money order issuance, traveller's cheque issuance and servicing loans originated by others.

    Example activities