SIC 6036 - Savings Institutions, Not Federally Chartered
State-chartered savings institutions (accepting deposits) which do not operate under Federal charter.
Industry trends:
The Savings Institutions, Not Federally Chartered under NAICS 6036, have been experiencing shifts influenced by digital transformation, economic adjustments, and consumer expectations. Recently, these institutions have increasingly adopted fintech collaborations, enabling them to offer more advanced digital banking services, such as mobile deposits, online account management, and digital lending platforms. This trend is driven by consumer demand for more convenient, faster, and user-friendly banking experiences.
Moreover, there's a heightened focus on personalized financial services. Leveraging technologies such as artificial intelligence and data analytics, non-federally chartered savings institutions are providing tailored financial advice and products that align with individual customer needs. This enhances customer loyalty and satisfaction, crucial for retaining market share amidst growing competition from fintech companies and traditional banks.
Looking forward, regulatory changes and economic conditions are expected to play significant roles in shaping the industry. There is an anticipated increase in regulatory scrutiny to ensure these institutions maintain robust operational standards and financial health. Additionally, the economic landscape, characterized by fluctuating interest rates and economic uncertainty, is likely to impact lending activities and savings rates, influencing how these institutions manage their portfolios and growth strategies.
Overall, innovation in digital services and personalization, combined with a proactive approach to regulatory compliance and economic strategy, will be pivotal for non-federally chartered savings institutions to thrive in the near future.
This industry is comprised of:
Savings and loan associations, not federally chartered
Savings banks, State: not federally chartered
This report includes the ability to segment your Industry by:
- Region
- Employees
- Net Sales
- Company Age
- Total Assets
- Ownership Type
With iCFO You Get
What Is iCFO?
A review and comparison of financial performance of privately-help companies in specified SIC/NAICS industry segment, using industry standard benchmarks.
Sound Business Analysis
Answers come easily with iCFO. Review ROI, sales per employee, profit margins of the top 10%, top 25% and more, to identify areas of concern and opportunity. Examine what if scenarios and P&L impact of reducing costs or adding revenue.
Your Business’ Health In Minutes
It takes only five minutes to enter your data and produce a concise profile of your company’s fiscal state, including critical business ratios focusing on liquidity, profitability, asset efficiency, and growth.