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 Non-depository Credit Institutions industry, classified under SIC 61, is witnessing several qualitative trends driven by technological advancements and evolving consumer preferences. A significant trend is the increasing adoption of financial technology (fintech) to streamline operations and enhance customer experience. Companies within this sector are leveraging big data analytics and artificial intelligence to assess creditworthiness more efficiently and offer personalized loan products. This shift helps in reducing risk and improving decision-making processes.

Sustainability and ethical lending practices are gaining prominence as consumers show a preference for institutions that integrate social responsibility into their business models. Firms are beginning to offer green loans and implement policies that ensure fair lending practices to appeal to environmentally and socially conscious clients.

Another trend is the rise of peer-to-peer (P2P) lending platforms and crowdfunding, providing non-traditional avenues for both borrowers and lenders. These platforms are seen as democratizing credit access, offering opportunities for individuals who might be underserved by traditional financial institutions.

Going forward, the industry is likely to witness increased regulatory scrutiny, especially around data privacy and security, as digital transactions become the norm. There's an expectation that firms will invest more in cybersecurity measures to protect sensitive financial data. The integration of blockchain technology could further revolutionize lending processes by enhancing transparency and reducing transaction times.

Overall, the industry is poised for transformation driven by digital innovation and a shift towards more inclusive and sustainable financial practices. Companies that adapt to these changes by embracing technology and prioritizing customer-centric strategies are likely to thrive in the evolving market landscape.

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

Buy the detailed report

This report includes the ability to segment your Industry by:

Region
Employees
Net Sales

Company Age
Total Assets
Ownership Type

View interactive report sample

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.