Credit Intermediation and Related Activities: NAICS 522
About the Credit Intermediation and Related Activities subsector
The credit intermediation and related activities subsector is part of the finance and insurance sector.
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.
North American Industry Classification System
The credit intermediation and related activities subsector consists of these industry groups:
- Depository Credit Intermediation: NAICS 5221
- Nondepository Credit Intermediation: NAICS 5222
- Activities Related to Credit Intermediation: NAICS 5223
Workforce Statistics
This section provides information relating to employment in credit intermediation and related activities.
These data are obtained from employer or establishment surveys.
The following tables present an overview of the industry including
the number of jobs,
data for occupations common to the industry,
and projections of occupational employment change.
Employment
(Source: Current Employment Statistics)
Employment by Occupation
(Source: Occupational Employment Statistics)
Projections
For projected (future) employment estimates, see the National Employment Matrix, which includes employment estimates by industry and occupation for credit intermediation and related activities.
(Source: Office of Occupational Statistics and Employment Projections)
Earnings and Hours
This section presents data on employee earnings and weekly hours.
The latest industry averages of hourly earnings and weekly hours are shown.
In addition, recent hourly and annual earnings are shown for occupations commonly found in credit intermediation and related activities.
This section also contains information on the average cost of benefits paid by employers, as well as recent rates of change in wages and total compensation.
Earnings and Hours of All Employees
(Source: Current Employment Statistics)
Earnings and Hours of Production and Nonsupervisory Employees
(Source: Current Employment Statistics)
Earnings by Occupation
| Data series |
Wages, 2019 |
| Hourly |
Annual |
| Median |
Mean |
Median |
Mean |
Customer service representatives |
17.65 |
18.48 |
36,720 |
38,430 |
Financial managers |
47.57 |
59.58 |
98,940 |
123,930 |
Loan interviewers and clerks |
19.44 |
20.04 |
40,440 |
41,670 |
Loan officers |
29.91 |
36.05 |
62,210 |
74,980 |
Tellers |
15.00 |
15.20 |
31,190 |
31,610 |
(Source: Occupational Employment Statistics)
Employer Compensation Costs
| Data series |
Back
data |
4th quarter
2019 |
1st quarter
2020 |
2nd quarter
2020 |
3rd quarter
2020 |
12-month percent change |
|
Total compensation |
|
3.5% |
3.1% |
3.7% |
2.7% |
Wages and salaries |
|
3.4% |
3.1% |
3.5% |
2.6% |
(Source: Compensation Cost Trends)
(Source: Compensation Cost Trends)
Work-related Fatalities, Injuries, and Illnesses
This section presents data for the industry on the number of workplace fatalities and the rates of workplace injuries and illnesses per 100 full-time workers in credit intermediation and related activities. An injury or illness is considered to be work-related if an event or exposure in the work environment either caused or contributed to the resulting condition or significantly aggravated a pre-existing condition.
| Data series |
2015 |
2016 |
2017 |
2018 |
Fatalities |
|
Number of fatalities |
11 |
14 |
20 |
10 |
|
Blank cells indicate no data reported or data that do not meet publication criteria.
|
(Source: Injuries, Illnesses, and Fatalities)
Workplace Trends
This section presents data on the number of establishments in credit intermediation and related activities.
Establishments
(Source: Quarterly Census of Employment and Wages)
Data extracted on:
October 30, 2020
United States Department of Labor
