Archived - Standard Industrial Classification - Establishments (SIC-E) 1980

K - Finance and Insurance Industries

70 - Deposit Accepting Intermediary Industries

Establishments primarily engaged in accepting deposits, which are employed in financing their financial intermediary activities including banks, trust companies and credit unions.

705 - Credit Unions

Establishments known as local credit unions (caisses populaires) and central credit unions (leagues, regionals and federations) chartered or registered under federal or provincial legislation primarily engaged in accepting deposits from and providing loans and other financial services to their members.

7051 - Local Credit Unions

Establishments of credit unions and caisses populaires, chartered or registered under provincial legislation, engaged in credit union activities in the respective province. Each local is an autonomous establishment and derives funds from its members (generally individuals and co-operatives) primarily through the acceptance of deposits (savings, chequing and share-savings). They provide loans and other financial services to their members.

7052 - Central Credit Unions

Establishments known as centrals, regionals, leagues and federations chartered or registered under federal or provincial legislation. Members of a provincial central are the local credit unions and co-operatives chartered or registered within that province. They receive and invest surplus funds from the member locals and act as lenders of last resort. They grant loans to their members. Regional centrals, where they exist, are owned by their member credit unions and co-operatives. The regional centrals in turn own the federation to which they belong, the federation being the central to the regionals. National centrals are owned by their provincial centrals and co-operative members.