Industry Description
Cooperative thrift and loan associations (accepting deposits) organized under other than Federal charter to finance credit needs of their members.
Business Examples
Common types of business activities within US SIC 6062 - Credit Unions, Not Federally Chartered are:
- State credit unions, not federally chartered
IBISWorld Industry Research Report
Credit Unions in the US (52213)
Revenue 2025
$147.4bn
Growth 2025
1.55%
Key Trends
Changes in the regulatory environment have and will continue to shape the direction of this industry
The industry has experienced strong membership growth overall
A portion of members will likely increase their demand for mortgages from industry operators
Products and Services
US-SIC Hierarchy 6062 - Credit Unions, Not Federally Chartered
US-SIC Code 6062 - Credit Unions, Not Federally Chartered sits in the 2-digit Credit Unions, Not Federally Chartered sector. US SIC codes can be 2 to 8 digits and the further along the hierarchy, the more detailed and specific the category will be.
Division: H
Division Title: Finance, Insurance, and Real Estate
2 Digits 3 Digits 4 Digits
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601 Central Reserve Depository Institutions
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602 Commercial Banks
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603 Savings Institutions
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606 Credit Unions
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608 Foreign Banking and Branches and Agencies Of
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609 Functions Related To Depository Banking
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611 Federal and Federally-sponsored Credit Agencies
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614 Personal Credit Institutions
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615 Business Credit Institutions
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616 Mortgage Bankers and Brokers
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621 Security Brokers, Dealers, and Flotation
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622 Commodity Contracts Brokers and Dealers
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623 Security and Commodity Exchanges
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628 Services Allied With the Exchange of Securities
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631 Life Insurance
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632 Accident and Health Insurance and Medical
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633 Fire, Marine, and Casualty Insurance
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635 Surety Insurance
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636 Title Insurance
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637 Pension, Health, and Welfare Funds
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639 Insurance Carriers, Not Elsewhere Classified
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651 Real Estate Operators (except Developers) and Lessors
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653 Real Estate Agents and Managers
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654 Title Abstract Offices
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655 Land Subdividers and Developers
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671 Holding Offices
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672 Investment Offices
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673 Trusts
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679 Miscellaneous Investing
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Extended US-SIC Hierarchy for 6062 - Credit Unions, Not Federally Chartered
For business marketing and targeting, US SIC Codes have been extended to provide more specific classifications within US-SIC 6062 - Credit Unions, Not Federally Chartered. Extended US SIC Codes are being continuously updated to reflect the current business environment.
6 Digit SIC Codes
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606298 Credit unions not federally chartered
8 Digit SIC Codes
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60620000 State credit unions
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60629900 State credit unions, nec
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60629901 State credit unions, not federally chartered
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