Major Group SIC 61 - Non-depository Credit Institutions

SIC 61 - Non-depository Credit Institutions

SIC 61 - Non-depository Credit Institutions
SIC 01 - Agricultural Production Crops SIC 02 - Agricultural Production Livestock And Animal Specialties SIC 07 - Agricultural Services SIC 08 - Forestry SIC 09 - Fishing, Hunting, And Trapping SIC 10 - Metal Mining SIC 12 - Coal Mining SIC 13 - Oil And Gas Extraction SIC 14 - Mining And Quarrying Of Nonmetallic Minerals, Except Fuels SIC 15 - Building Construction General Contractors And Operative Builders SIC 16 - Heavy Construction Other Than Building Construction Contractors SIC 17 - Construction Special Trade Contractors SIC 20 - Food And Kindred Products SIC 21 - Tobacco Products SIC 22 - Textile Mill Products SIC 23 - Apparel And Other Finished Products Made From Fabrics And Similar Materials SIC 24 - Lumber And Wood Products, Except Furniture SIC 25 - Furniture And Fixtures SIC 26 - Paper And Allied Products SIC 27 - Printing, Publishing, And Allied Industries SIC 28 - Chemicals And Allied Products SIC 29 - Petroleum Refining And Related Industries SIC 30 - Rubber And Miscellaneous Plastics Products SIC 31 - Leather And Leather Products SIC 32 - Stone, Clay, Glass, And Concrete Products SIC 33 - Primary Metal Industries SIC 34 - Fabricated Metal Products, Except Machinery And Transportation Equipment SIC 35 - Industrial And Commercial Machinery And Computer Equipment SIC 36 - Electronic And Other Electrical Equipment And Components, Except Computer Equipment SIC 37 - Transportation Equipment SIC 38 - Measuring, Analyzing, And Controlling Instruments Photographic, Medical And Optical Good SIC 39 - Miscellaneous Manufacturing Industries SIC 40 - Railroad Transportation SIC 41 - Local And Suburban Transit And Interurban Highway Passenger Transportation SIC 42 - Motor Freight Transportation And Warehousing SIC 44 - Water Transportation SIC 45 - Transportation By Air SIC 46 - Pipelines, Except Natural Gas SIC 47 - Transportation Services SIC 48 - Communications SIC 49 - Electric, Gas, And Sanitary Services SIC 50 - Wholesale Trade-durable Goods SIC 51 - Wholesale Trade-non-durable Goods SIC 52 - Building Materials, Hardware, Garden Supply, And Mobile Home Dealers SIC 53 - General Merchandise Stores SIC 54 - Food Stores SIC 55 - Automotive Dealers And Gasoline Service Stations SIC 56 - Apparel And Accessory Stores SIC 57 - Home Furniture, Furnishings, And Equipment Stores SIC 58 - Eating And Drinking Places SIC 59 - Miscellaneous Retail SIC 60 - Depository Institutions SIC 61 - Non-depository Credit Institutions SIC 62 - Security And Commodity Brokers, Dealers, Exchanges, And Services SIC 63 - Insurance Carriers SIC 64 - Insurance Agents, Brokers, And Service SIC 65 - Real Estate SIC 67 - Holding And Other Investment Offices SIC 70 - Hotels, Rooming Houses, Camps, And Other Lodging Places SIC 72 - Personal Services SIC 73 - Business Services SIC 75 - Automotive Repair, Services, And Parking SIC 76 - Miscellaneous Repair Services SIC 78 - Motion Pictures SIC 79 - Amusement And Recreation Services SIC 80 - Health Services SIC 81 - Legal Services SIC 82 - Educational Services SIC 83 - Social Services SIC 84 - Museums, Art Galleries, And Botanical And Zoological Gardens SIC 86 - Membership Organizations or Unions And Similar Labor Organizations SIC 87 - Engineering, Accounting, Research, Management, And Related Services SIC 89 - Services, Not Elsewhere Classified SIC 96 - Administration Of Economic Programs

This major group includes establishments engaged in extending credit in the form of loans, but not engaged in deposit banking.

Industry trends:

The Educational Services sector, defined by NAICS 61, has been experiencing several qualitative trends recently. One significant trend is the heightened focus on digital transformation and e-learning. Educational institutions have increasingly adopted online platforms and digital tools to enhance learning experiences, driven by the necessity during the COVID-19 pandemic. This shift is expected to continue as learners and educators recognize the flexibility and accessibility offered by digital education.

Another emerging trend is the emphasis on personalized and adaptive learning. Educational services are increasingly using artificial intelligence and data analytics to tailor educational content and pace to individual students' needs. This approach aims to improve student engagement and outcomes by addressing diverse learning styles and capabilities.

Additionally, there is a growing focus on lifelong learning and upskilling. With rapid technological advancements and changing job markets, educational institutions are offering more continuing education programs, certifications, and micro-credentials to help individuals stay competitive in the workforce. This trend is forecasted to grow as the demand for new skills continues to rise.

Moreover, equity and inclusion have become central themes in the Educational Services sector. Institutions are implementing strategies to ensure that education is accessible and equitable for all, addressing disparities related to socioeconomic status, race, and geography. This focus enhances the sector's commitment to social responsibility and broadens opportunities for marginalized communities.

In the near future, these trends are expected to further evolve, driving significant changes in how educational services are delivered and consumed. As technology advances and societal needs shift, the sector will likely continue to innovate, making education more effective, inclusive, and aligned with the demands of the global economy.

This industry is comprised of:

SIC 611 - Federal And Federally-sponsored Credit Agencies

SIC 614 - Personal Credit Institutions

SIC 615 - Business Credit Institutions

SIC 616 - Mortgage Bankers And Brokers

Explore related industries:

SIC 60 - Depository Institutions SIC 62 - Security And Commodity Brokers, Dealers, Exchanges, And Services SIC 64 - Insurance Agents, Brokers, And Service

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