| Business Summary | | Union
Acceptance
Corp.
is
a
specialized
finance
company
engaged
in
acquiring
and
servicing
automobile
retail
installment
sales
contracts
and
installment
loan
agreements.
The
retail
installment
contracts
are
originated
by
dealerships
affiliated
with
major
domestic
and
foreign
manufacturers,
and
the
loan
agreements
are
originated
by
the
Company
as
a
result
of
referrals
by
the
dealerships.
The
Company
focuses
its
efforts
on
acquiring
receivables
on
late
model
used
and,
to
a
lesser
extent,
new
automobiles
made
to
purchasers
who
exhibit
a
favorable
credit
profile
(Tier
I).
The
Company
currently
acquires
receivables
in
40
states
from
or
through
referrals
by
more
than
5,500
manufacturer-franchised
auto
dealerships. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Union
Acceptance
Corp.
is
a
specialized
finance
company
engaged
in
acquiring
and
servicing
automobile
retail
installment
sales
contracts
and
installment
loan
agreements
originated
by
dealers
affiliated
with
major
manufacturers.
For
the
nine
months
ended
3/31/01,
total
revenues
rose
25%
to
$94.8
million.
Net
income
rose
23%
to
$13.4
million.
Results
reflect
higher
average
receivable
balances,
partially
offset
by
increased
personnel
and
outside
service
expenses. Recent Earnings Announcement For
the
3
months
ended
06/30/2001,
revenues
were
12,778;
after
tax
earnings
were
-8,174. (Preliminary; reported in thousands of dollars.) | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Michael Stout, 44 Chairman | -- | John Stainbrook, 52 Pres,
CEO | $598K | Rick Brown, 37 CFO,
Treasurer, and VP | 281K | Maureen Schoch, 39 COO,
Assistant Sec. and Vice Pres of Operations | 268K | Timothy Shaw, 36 VP
of Management Information Systems and CIO | -- | Dollar
amounts are as of 30-June-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|