SCIAN 5223—Credit unions and savings institutions

Where 5223 sits

1. 52 Financial and insurance services
2. 522 Non-exchange credit and financial intermediation institutions
3. 5223 Credit unions and savings institutions

Contains 3 narrower codes

• 52231 Credit unions
• 52232 Savings banks, cooperatives and popular savings and loan financial institutions
• 52239 Other savings and loan institutions

Description

Economic units primarily dedicated to facilitating the use of credit to their members and promoting national savings through alternative mechanisms to the traditional ones, consisting of attracting contributions from their members to grant loans to them, and attracting deposits from the saving public to grant credits and loans.

What 5223 includes

• Savings and loan societies.

5223 in other systems