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Acceptance of credit Appointed to the

Southfield, Michigan, May 23, 2022 (GLOBE NEWSWIRE) — Credit Acceptance Corporation (Nasdaq: CACC)(hereafter referred to as the “Company”, “Credit Acceptance”, “we”, “us” or “our”) has been named one of the best and brightest companies in Metro Detroit for which work®. This is the eleventh consecutive year that Credit Acceptance has received this honor.

“We are proud to once again be recognized as a leading company in the Metro Detroit area,” said Ken Booth, CEO of Credit Acceptance. “The collective efforts of our team members and leaders have helped us build an incredible and unique culture. A culture where team members look forward to coming to work every day, whether in person or virtually, because they know that accepting credit can positively change their lives and they, in turn, can change the lives of our dealers and customers.

To earn this recognition, we were evaluated based on our compensation, benefits and employee solutions; employee enrichment, engagement and retention; employee education and development; recruitment, selection and orientation; employee success and recognition; communication and shared vision; diversity and inclusion; work-life balance; community initiatives; and the company’s strategic performance.

Today’s announcement marks the third workplace award we’ve received this year, as we also received:

  • FORTUNE 100 best companies to work for® (eight of the last nine years)
  • Top Workplaces USA Award (both years this award exists)

About Credit acceptance

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 responding to advertisements for our financing programs, but ultimately 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 best and brightest programs

The best and brightest companies to work for® The competition identifies and honors organizations that display a commitment to excellence in operations and employee enrichment that lead to increased productivity and financial performance. This contest evaluates potential winners based on regional company performance data and a standard set across the country. This program celebrates companies that do better business, create richer lives and build a stronger community as a whole.

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