Credit Acceptance Named to People Magazine Companies That Care List | New

Southfield, Michigan, Sept. 01, 2022 (GLOBE NEWSWIRE) — Credit Acceptance Corporation (Nasdaq: CACC) (the “Company”, “Credit Acceptance”, “we”, “us” or “our”) has been honored by Great Place to Work and PEOPLE magazine as one of the 2022 PEOPLE Companies that Care. We rank #84 out of 100.

This is the first time we’ve been recognized on this annual list in which PEOPLE and Great Place to Work analyzed data representing more than 6.1 million employee experiences of how their workplace felt. makes a difference in their lives and in their communities. The rankings also reflect Great Place to Work’s assessment of each organization’s benefits generosity and philanthropic and community support, with a particular focus on activities that have taken place over the past year. You can view the full list here.

We maintain our “We are changing lives” focus for our team members by providing mental health and self-care support and offering flexible work arrangements such as remote/hybrid working. We are protecting the financial future of our team members by increasing our annual merit increase in response to the current inflationary environment. Our Diversity and Inclusion Committee shines a light on the diversity of our team members and is responsible for generating concrete actions that we can take together to help our communities. We also contribute to our communities through numerous fundraisers led by our team members and by collaborating with community organizations that support minority groups.

This new award is the fifth we have received this year since we have also received:

  • Fortune 100 Best Companies to Work For (eight of the last nine years)
  • 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)

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 PEOPLE Companies that Care®

Great Place to Work selected PEOPLE Companies that Care by gathering and analyzing more than one million confidential survey responses and company data representing more than 6.1 million U.S. employees at Great Place to Work organizations. Work-Certified™. Company rankings are derived from 60 questions about employee experience in the Great Place to Work Trust Index™ survey.

Investor Relations: Douglas W. Busk Director of Treasury (248) 353-2700 Ext. 4432 [email protected]

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