Enter Wall Street with StreetInsider Premium. Claim your one week free trial here.
Southfield, Mich., Sept. 12, 2022 (GLOBE NEWSWIRE) — Credit Accepting Company (Nasdaq: CACC) (hereafter referred to as “the company”, “credit acceptance”, “we”, “us” or “our”) has been recognized on Fortune’s 2022 list of Best Workplaces in Financial Services and the insurance based on last year’s GPTW Trust Index Survey results. We ranked 12th among the top 50 companies on the list, up nine spots from last year. This is the eighth consecutive year that we have received this honor.
Credit Acceptance achieved this ranking based on team members’ responses to the GPTW Trust Index Survey 2021 and what they said about their experiences with our workplace, regardless of who they are or what that they make. Also taken into account are the day-to-day experiences of team members with innovation, our PRIDE values and the effectiveness of our leaders.
We change the lives of our team members by building a great culture, a culture of open communication that empowers them to work towards personal and professional goals. Our team members take pride in changing the lives of our consumers by providing them with the ability to obtain transportation to access employment and educational opportunities, medical treatment and family, and improve their credit ratings. Team members see how our programs positively impact consumers’ lives while helping dealers grow their business.
This award is the sixth we have received this year since we also received:
- Fortune 100 Best Companies to Work For (eight of the last nine years)
- Companies That Care About People Magazine (first time)
- Fortune Best Workplaces for Millennials (six of past eight years)
- Top Workplaces USA (both years this award exists)
- Metro Detroit’s best and brightest companies to work for (11 consecutive years).
To see the full 2022 list of best places to work in financial services and insurance, visit greatplacetowork.com.
About accepting credit
Since 1972, Credit Acceptance has provided financing programs that allow automotive dealerships to sell vehicles to consumers regardless of their credit history. Our financing programs are offered through a nationwide network of automotive dealerships who profit from selling vehicles to consumers who otherwise could not obtain financing; repeat and referral sales generated by those same customers; and sales to customers who respond to advertisements for our financing programs, but end up qualifying for traditional financing.
Without our financing programs, consumers are often unable to purchase vehicles or purchase unreliable ones. Additionally, as we report to the three national credit bureaus, an important co-benefit of our programs is that we offer consumers the opportunity to improve their lives by improving their credit score and switching to sources of more traditional financing. Credit Acceptance is listed on the Nasdaq stock exchange under the symbol CACC. For more information, visit creditacceptance.com.
About the best places to work in financial services and insurance™
Great Place to Work® has selected the Best Places to Work for Financial Services and Insurance™ by collecting and analyzing confidential survey responses from more than 176,000 employees of Great Place to Work-Certified™ companies in the industry. financial services and insurance. Company rankings are derived from 75 questions about employee experience in the Great Place to Work® Trust Index™ survey. Great Place to Work determines its listings using its proprietary For All™ methodology to assess and certify thousands of organizations in the largest ongoing annual workforce study in the United States, based on over than one million survey responses and data from companies representing more than 6.1 million employees this year alone .
Investor Relations: Douglas W. Busk Chief Treasury Officer (248) 353-2700 Ext. 4432 [email protected]
Source: Credit Acceptance Company