Credit Acceptance Named One of PEOPLE Magazine’s 100 Companies that Care for Third Consecutive Year
August 22 2024 - 3:02PM
Credit Acceptance Corporation (Nasdaq: CACC)
(referred to as the “Company”, “Credit Acceptance”, “we”, “our”, or
“us”) has been named one of PEOPLE Magazine’s 100 Companies That
Care® by Great Place To Work® and PEOPLE magazine for the third
consecutive year. Credit Acceptance was ranked 59th among the 100
companies that made the list.
“This award is a reflection of our remarkable
culture,” said Ken Booth, CEO of Credit Acceptance. “Together, we
are creating a better environment for one another, our customers,
and the communities we serve.”
This award celebrates the best places to work as
demonstrated by a company’s commitment to its employees,
communities, and the planet. At Credit Acceptance, we show this
commitment in many ways. For example, we became a remote-first
company by listening to our team members’ priorities. This decision
has given team members the flexibility they want and allowed us to
hire the best talent across the country, both of which have enabled
us to better support our dealers.
We continued our commitment to the community
through our annual support for the Make-A-Wish Foundation and St.
Jude Children’s Research Hospital. Thanks to team members’
contributions and a 100% Company match, we granted 15 wishes and
made a significant donation to St. Jude. During our Thankful
Harvest event, team members across the country packed over 72,500
meals for local food banks and assembled water filters that will
provide 2,000 years of clean water for 2,000 people. And we are
investing in our facilities to reduce electricity and water
consumption, among other sustainability measures.
For all of these reasons and more, Credit
Acceptance is routinely recognized as one of the best places to
work by team members. This year, the Company has received two
honors from Great Place to Work® and Fortune: we have been ranked
39th in the 100 Best Companies to Work For® (the tenth time we have
been included on this list) and ranked 50th in the Best Workplaces
for Millennials (the eighth time we have been included). In
addition, Credit Acceptance has been named a Top Workplaces USA
award winner for the fourth consecutive year and a Most Loved
Workplace® for 2024 in several categories by the Best Practice
Institute, among many others.
PEOPLE Magazine’s 100 Companies That Care® list
is based on over 1.3 million employee survey responses and data
from companies representing the experience of more than 8.2 million
employees. Companies also submit essays, that are validated by
employee survey data, to give a complete picture of the
results.
About Credit AcceptanceWe make
vehicle ownership possible by providing innovative financing
solutions that enable automobile dealers to sell vehicles to
consumers regardless of their credit history. Our financing
programs are offered through a nationwide network of automobile
dealers who benefit from sales of vehicles to consumers who
otherwise could not obtain financing; from repeat and referral
sales generated by these same customers; and from sales to
customers responding to advertisements for our financing programs,
but who actually end up qualifying for traditional
financing.
Without our financing programs, consumers are
often unable to purchase vehicles, or they purchase unreliable
ones. Further, as we report to the three national credit reporting
agencies, an important ancillary benefit of our programs is that we
provide consumers with an opportunity to improve their lives by
improving their credit score and move on to more traditional
sources of financing. Credit Acceptance is publicly traded on the
Nasdaq Stock Market under the symbol CACC. For more information,
visit creditacceptance.com.
About the PEOPLE Companies that Care
ListGreat Place To Work selected the 2024 PEOPLE Companies
that Care List by gathering and analyzing over 1.3 million
confidential survey responses from companies representing more than
8.2 million U.S. employees at Great Place To Work Certified
organizations. Of those, more than a million responses came from
employees at companies eligible for the list and these rankings are
based on that feedback. Company rankings are derived from 60
employee experience questions within the Great Place To Work Trust
Index™ Survey.
Investor Relations: Douglas W. Busk
Chief Treasury Officer
(248) 353-2700 Ext. 4432
IR@creditacceptance.com
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