Business
Credit Acceptance Named a 2023 Top Workplace in Michigan by the Detroit Free Press
Southfield, Michigan, Nov. 20, 2023 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq: CACC) (referred to as the “Company”, “Credit Acceptance”, “we”,
About this update from Credit Acceptance Corporation
[{"type":"text","content":"Southfield, Michigan, Nov. 20, 2023 (GLOBE NEWSWIRE) -- 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 ...