NAICS Code 522130-05 - Credit Unions Not Federally Chartered

Marketing Level - NAICS 8-Digit

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  • Employee Count
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  • Modeled Credit Rating
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Looking for more companies? See NAICS 522130 - Credit Unions - 11,410 companies, 140,690 emails.

NAICS Code 522130-05 Description (8-Digit)

Credit Unions Not Federally Chartered are financial institutions that are owned and controlled by their members. These credit unions are not regulated by the federal government, but instead are regulated by state laws. They offer a range of financial services to their members, including savings accounts, checking accounts, loans, and credit cards. Credit Unions Not Federally Chartered are typically smaller than their federally chartered counterparts and often serve a specific community or group of people.

Parent Code - Official US Census

Official 6‑digit NAICS codes serve as the parent classification used for government registrations and documentation. The marketing-level 8‑digit codes act as child extensions of these official classifications, providing refined segmentation for more precise targeting and detailed niche insights. Related industries are listed under the parent code, offering a broader context of the industry environment. For further details on the official classification for this industry, please visit the U.S. Census Bureau NAICS Code 522130 page

Tools

Tools commonly used in the Credit Unions Not Federally Chartered industry for day-to-day tasks and operations.

  • CU*BASE
  • Symitar Episys
  • Fiserv DNA
  • FLEX
  • Sharetec
  • CU Direct
  • Lending 360
  • MeridianLink
  • CuneXus
  • PSCU

Industry Examples of Credit Unions Not Federally Chartered

Common products and services typical of NAICS Code 522130-05, illustrating the main business activities and contributions to the market.

  • Community-based credit unions
  • Teacher credit unions
  • Military credit unions
  • Religious credit unions
  • Labor union credit unions
  • Municipal credit unions
  • University credit unions
  • Healthcare credit unions
  • Law enforcement credit unions
  • Firefighter credit unions

History

A concise historical narrative of NAICS Code 522130-05 covering global milestones and recent developments within the United States.

  • The Credit Unions Not Federally Chartered industry has a long history dating back to the early 1900s when the first credit unions were established in Europe. The industry was created to provide affordable financial services to people who were unable to access traditional banking services. In the United States, the industry began to grow in the 1920s, and by the 1930s, there were over 10,000 credit unions in the country. In the 1970s, the industry experienced significant growth due to the deregulation of the financial sector, which allowed credit unions to expand their services and membership. In recent years, the industry has faced challenges due to increased competition from traditional banks and online lenders, as well as changing consumer preferences.