Credit Acceptance Celebrates 10th Year on Fortune's 100 Best Companies to Work For® List
April 04 2024 - 4:05PM
Credit Acceptance Corporation (Nasdaq: CACC)
(referred to as the “Company”, “Credit Acceptance”, “we”, “our”, or
“us”) has been named one of the 100 Best Companies to Work For® by
Fortune for the tenth time. With a ranking of #39 this year, the
Company's longstanding presence on the list reinforces the strength
of our culture.
“Credit Acceptance is focused on creating and
sustaining an inclusive and caring workplace environment where our
team can thrive. A component of our core strategy is maintaining
our status as a great workplace. We do this by inspiring team
members to make a difference while looking forward to coming to
work each day, whether in person or remotely,” said Ken Booth,
Chief Executive Officer. “This recognition provides outside
confirmation of our great culture.”
With 92% of employees agreeing that Credit
Acceptance is a great place to work, the Company is continuously
ranked as one of the best places to work, striving to cultivate an
environment where every team member feels valued, supported, and
empowered to thrive personally and professionally. Other workplace
accolades we have received from Fortune include Best Workplace for
Financial Services and Insurance™, Best Workplace for Millennials™,
and Best Workplace for Women™. We have also recently been named a
Top Workplaces USA Award winner, one of People Magazine’s Companies
that Care®, and a Best Place to Work in IT by Computerworld, among
many others.
The Great Place To Work® list is based on survey
responses and data representing more than 1.3 million survey
responses, with over half a million responses from team members at
companies eligible for this ranking. The ranking measures key
behaviors that drive trust in management, connection with
colleagues, and loyalty to the company. Organizations with a wide
array of team members who express satisfaction with their work
environment tend to secure top positions on ranking charts.
About Credit Acceptance
We 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 Great Place to
Work®
As the global authority on workplace culture, Great Place To
Work® brings 30 years of groundbreaking research and data to help
every place become a great place to work for all. Its proprietary
platform and For All™ Model help companies evaluate the experience
of every employee, with exemplary workplaces becoming Great Place
To Work Certified or receiving recognition on a coveted Best
Workplaces™ List.
Investor Relations: Douglas W. Busk
Chief Treasury Officer
(248) 353-2700 Ext. 4432
IR@creditacceptance.com
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