Credit Acceptance Named a 2023 Top Workplace in Michigan by the Detroit Free Press
November 20 2023 - 4:02PM
Credit Acceptance Corporation (Nasdaq: CACC)
(referred to as the “Company”, “Credit Acceptance”, “we”, “our”, or
“us”) has been named a winner of the 2023 Detroit Free Press Top
Workplaces. We ranked #2 among the top large companies in
Michigan, up one spot from last year. This is the 12th year in a
row that the Company has been recognized with this award by the
Detroit Free Press.
The rankings are based on feedback received from
Credit Acceptance team members through anonymous surveys
administered by Energage, LLC, an employee research and culture
technology firm that partners with the Detroit Free Press to
determine each year’s winners. Responses take into account cultural
drivers that are critical to the success of the organization,
including alignment, execution, and connection.
“Two things are true for us at Credit
Acceptance: We’ve called Michigan home for more than 50 years, and
our team members are dedicated to driving possibility for those who
need financing the most,” said Ken Booth, Chief Executive Officer,
Credit Acceptance. “Our team members are essential in bringing this
mission to life every day, and we are devoted to creating a
nurturing workplace that positions them for success. This award
encourages us to sustain and grow our culture.”
Credit Acceptance’s core values of PRIDE
(Positive, Respectful, Insightful, Direct, and Earnest) are
integrated in the Company’s hiring processes, workplace,
communications, and performance management. As a result, Credit
Acceptance strives to uphold a sense of fairness and trust
with its 2,200+ team members to ensure they feel heard, respected,
and valued.
With almost 95% of our team working fully
remotely every day, it takes the commitment of everyone to maintain
our amazing culture. Although nearly half of all companies don't
let their staff work remotely at all and only 16% are fully remote,
we’ve found this benefit offers a better work-life balance and a
flexible work schedule.
The Company’s longstanding footprint in Michigan
has also cultivated community partnerships that are sustained
through volunteer efforts and fundraising events championed by the
Company’s team members. Most recently, Credit Acceptance team
members came together to raise over $43,000 for Stone Soup Food
Bank, a local Michigan food pantry that has distributed over 2.1
million pounds of food this year.
Credit Acceptance is consistently recognized as
one of the best places to work by team members. Earlier this year,
the Company was recognized four times by Great Place to Work® and
Fortune, ranking 34th in the 100 Best Companies to Work For®, 9th
in the Best Workplaces in Financial Services & Insurance™, 25th
in the Best Workplaces for Millennials™, and 76th in the Best
Workplaces for Women™. Additionally, Credit Acceptance ranked 8th
as a Top Workplaces USA 2023 Award winner and 27th in PEOPLE
Magazine’s 100 Companies That Care®.
About Credit Acceptance
Since 1972, Credit Acceptance has offered
financing programs 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 Energage
Energage is a purpose-driven technology company
that powers Top Workplaces, the nation’s premier employer
recognition program. Analyzing data from a research-backed employee
engagement survey, Energage identifies people-first Top Workplaces
across the country, and regionally, in partnership with 60 of the
nation's most reputable media outlets. Quarterly national awards
include culture excellence and industry recognition. Energage
empowers organizations to exceed the competition, evaluate their
stand in the market, and engage with employees. Over 27 million
employees across more than 70,000 organizations have completed the
Workplace Survey, including some of the nation's leading
brands.
Investor Relations: Douglas W. Busk
Chief Treasury Officer
(248) 353-2700 Ext. 4432
IR@creditacceptance.com
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