Business
Credit Acceptance Named One of the Fortune 2023 Best Workplaces in Financial Services & Insurance™
Southfield, Michigan, Sept. 12, 2023 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq: CACC) (referred to as the “Company”, “Credit Acceptance”,
About this update from Credit Acceptance Corporation
[{"type":"text","content":"Southfield, Michigan, Sept. 12, 2023 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq: CACC) (referred to as the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) has been named one of the 2023 Best Workplaces in Financial Services & Insurance™ by Great Place to Work® and Fortune for the ninth year in a row. Credit Acceptance was ranked #9 among the 50 companies in the large company category, up 3 spots from a year ago. The Best Workplaces in Financial Services & Insurance™ list is based on analysis of survey responses from more than 191,000 employees from Great Place to Work-Certified™ companies in the financial services and insurance industry, assessing both the quality and consistency of great employee experiences, defined by high levels of trust, respect, credibility, fairness, pride, and camaraderie. In that survey, 92% of Credit Acceptance team members said Credit Acceptance is a great place to work, compared to 57% of employees at a typical U.S.-based company. “Credit Acceptance makes it possible for any American to buy a car from a dealer when they would otherwise be turned away by traditional auto lenders, and our team members help bring this mission to life every day,” said Ken Booth, Chief Executive Officer. “This recognition is proof that our collective efforts to invest in a strong work culture is paying off, and people enjoy where they work, trust their co-workers and leaders, and have pride in what they do.” The Credit Acceptance team works to uphold a sense of equity and trust between the Company and team members to ensure people feel heard, respected, and valued. For example, the Company’s average scores from Great Place to Work® Trust Index Survey demonstrate high levels of trust and support among team members with notable results being: 90% agree that “everyone has an opportunity to get special recognition,” which is 3 percentage points above the 2023 Top 10 Best score.90% agree that “people are encouraged to balance their work life and their personal life,” which is 2 percentage points above the 2023 Top 10 Best score.86% agree that “promotions go to those who best deserve them,” which is 7 percentage points above the 2023 Top 10 Best score. Credit Acceptance is consistently recognized as one of the best places to work by team members. Earlier this year, the Company ranked 34th in the 100 Best Co...