NAICS UNIVERSITY · Free research for insurance agents
Savings Institutions and Other Depository Credit Intermediation
NAICS 522180 · United States · 2022 edition
This industry comprises establishments primarily engaged in accepting deposits, making mortgage, real estate, and other consumer and commercial loans, and investing in high-grade securities (except commercial banking and credit unions). Savings and loan associations, savings banks, private banks (i.e., unincorporated banks), and establishments known as industrial banks or Morris Plans and primarily engaged in accepting deposits are included in this industry.
Start with the work promised to the client.
For Savings Institutions and Other Depository Credit Intermediation, clarify the services, contracts and consequences of an error. Review employee dishonesty and financial crime, directors & officers liability, professional liability (errors & omissions). Confirm which professional activities and additional services the proposed coverage actually addresses.
Questions to ask
- What is the institution's total asset size and deposit base?
- How many branch locations are in operation, and are buildings owned or leased?
- What types of loans are primarily originated — residential mortgage, consumer, commercial real estate?
- Are there any current or recent regulatory actions, examinations with findings, or consent orders?
- What online banking and wire transfer controls are in place, including multi-factor authentication and dual-control procedures?
- What is the prior loss history on the financial institution bond and D&O lines?
- For Savings Institutions and Other Depository Credit Intermediation, what should the underwriter know about prior regulatory enforcement actions, consent orders, or cease-and-desist orders from banking regulators?
- For Savings Institutions and Other Depository Credit Intermediation, what should the underwriter know about significant concentration in high-risk loan categories such as construction lending or speculative real estate?
Activities described by this code
Other activities to examine
- Accepting demand and other deposits and making all types of loans: 522110 — Commercial Banking
- Accepting members' share deposits in cooperatives: 522130 — Credit Unions;
- Buying, pooling, and repackaging loans for sale to others on the secondary market and establishments known as industrial banks and Morris Plans and primarily engaged in providing nondepository credit: 522299 — International, Secondary Market, and All Other Nondepository Credit Intermediation
Census classification reference
For educational purposes only. AI-generated insurance research and automated logic can contain errors. Independently verify classification and coverage decisions.
Compare another operationInsurance operations research — draft
Savings institutions and other depository credit intermediaries accept consumer and business deposits, originate mortgage and consumer loans, and invest in high-grade securities. Day-to-day operations involve branch banking, loan underwriting and servicing, deposit account management, and regulatory compliance activities. Operations may range from a single-branch community savings bank to a multi-branch savings and loan association.
Questions to investigate
- What is the institution's total asset size and deposit base?
- How many branch locations are in operation, and are buildings owned or leased?
- What types of loans are primarily originated — residential mortgage, consumer, commercial real estate?
- Are there any current or recent regulatory actions, examinations with findings, or consent orders?
This insurance research was generated in April 2026. It has not received a complete human review. The October 12, 2026 audit checked codes and titles only, not descriptions or coverage assertions.