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Savings Institutions & Other Depository Credit Intermediation in New York

Author.Name IBISWorld United States Last Updated: April 2025 NAICS NY52218

Savings Institutions & Other Depository Credit Intermediation in New York industry analysis

The Savings Institutions & Other Depository Credit Intermediation industry in New York is expected to decline an annualized -x.x% to $x.x billion over the five years to 2025, while the national industry will likely decline at -x.x% during the same period. Industry establishments decreased an annualized -x.x% to x locations. Industry employment has decreased an annualized -x.x% to xxx workers, while industry wages have decreased an annualized -x% to $x.x million.

Over the five years to 2030, the industry is expected to grow an annualized x.x% to $x.x billion, while the national industry is expected to grow x.x%. Industry establishments are forecast to grow x.x% to x locations. Industry employment is expected to increase an annualized x.x% to xxx workers, while industry wages are forecast to increase x% to $x.x million.

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About the Savings Institutions & Other Depository Credit Intermediation in New York Market Research Report

What’s Included in the Savings Institutions & Other Depository Credit Intermediation in New York Market Research Report

Definition of the Savings Institutions & Other Depository Credit Intermediation in New York?

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.

What’s included in the Savings Institutions & Other Depository Credit Intermediation in New York?

The Savings Institutions & Other Depository Credit Intermediation in New York includes providing residential mortgages, providing commercial and industrial mortgages, providing home equity loans, providing vehicle loans, accepting demand and other deposits and making commercial, industrial and consumer loans. Related terms covered in the Savings Institutions & Other Depository Credit Intermediation in New York industry report includes a financial product that generally has a specific fixed term and interest rate and is insured by the federal deposit insurance corporation, funds set aside as allowances for bad debts, including debts where the customer defaults or where the terms of the loan need to be renegotiated and a deliberate reduction in the value of an asset to reflect its current market value.

Industry Performance of the Savings Institutions & Other Depository Credit Intermediation industry in New York

Benchmark the Savings Institutions & Other Depository Credit Intermediation in New York industry performance with all NY county and national performance.

Savings Institutions & Other Depository Credit Intermediation in New York

#2 in Highest Revenue 14.1% of state's GDP
Revenue (2025)
Annual Growth (2020-25)
Annual Growth (2025-30)

Savings Institutions & Other Depository Credit Intermediation in the US


Revenue (2024)
Annual Growth (2019-24)
Annual Growth (2024-29)

For the full list of industry drivers, see report purchase options.

Key Drivers of the Savings Institutions & Other Depository Credit Intermediation industry in New York

See how key industry drivers, such as population, median houshold income, new business formation, house price index, corporate profit and 30-year conventional mortgage rate are impacting Savings Institutions & Other Depository Credit Intermediation in New York

New York Economic Indicators

Population
Median Houshold Income
New Business Formation

View more economic information in NY State Economic profile

US Key External Drivers

House price index
Corporate profit
30-year conventional mortgage rate

For the full list of industry drivers, see report purchase options.

County Data of the Savings Institutions & Other Depository Credit Intermediation industry in New York

Access proprietary data on county in the Savings Institutions & Other Depository Credit Intermediation in New York, such as Queens County, Nassau County and Kings County. Data includes figures on revenue, establishments, employees and wages by counties.

Key Statistics of the Savings Institutions & Other Depository Credit Intermediation industry in New York

Download 18 years of historical data and 5 years of projected performance.

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Top Questions Answered in this Report

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What is the market size of the Savings Institutions & Other Depository Credit Intermediation industry in New York in 2025?

The market size of the Savings Institutions & Other Depository Credit Intermediation industry in New York is $10.3bn in 2025.

How many businesses are there in the Savings Institutions & Other Depository Credit Intermediation industry in New York in 2025?

There are 7 businesses in the Savings Institutions & Other Depository Credit Intermediation industry in New York, which has been declining at an average annual rate of -6.9% from 2020 to 2025.

Has the Savings Institutions & Other Depository Credit Intermediation industry in New York grown or declined over the past 5 years?

The market size of the Savings Institutions & Other Depository Credit Intermediation industry in New York has been declining at an average annual rate of -0.3% from 2020 to 2025.

How many employees in the Savings Institutions & Other Depository Credit Intermediation industry in New York in 2025?

There are 461 employees in the Savings Institutions & Other Depository Credit Intermediation industry in New York, which has been declining at an average annual rate of -2.8% from 2020 to 2025.