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Home > Company Index > Financial Services > Consumer Loans > Union Acceptance Corporation

Union Acceptance Corporation
Nasdaq: UACA
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 NEWS FROM THE STANDARD
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May 08 2000 12:00 AM PDT

Too Much Privacy?
May 08 2000 12:00 AM PDT

 PROFILE
Union Acceptance is a consumer finance company that provides loans for new and used cars. The company primarily targets borrowers with good credit records through relationships with more than 5,000 retail automobile dealers in about 40 states. Some 75% of the company's loans are made to finance the purchase of used cars. Union Acceptance sells its loans in the secondary market and uses the proceeds to fund its lending operations. It retains the servicing rights to the loans, collecting payments from borrowers and repossessing and disposing of cars when necessary. The largest concentrations of its loans are in Texas, California, and North Carolina. Director Richard Waterfield owns more than half of the company.

 COMPETITION
AmeriCredit Corp. (ACF)
J.P. Morgan Chase & Co. (JPM)
WFS Financial Inc. (WFSI)

 STOCK ANALYSIS
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 FINANCIAL OVERVIEW
Fiscal Year-End: June
2001 Sales (mil.): 102.50
1-Yr. Sales Growth: (7.1)%
Employees: 656
Revenue per employee: $156,250.00

 KEY PEOPLE
• John M. Stainbrook
    CEO
• Rick A. Brown
    CFO

 CONTACT INFO
250 N. Shadeland Ave.
Indianapolis, IN 46219
US
Phone: 317-231-6400
Fax: 317-231-2756
Online: Web Site

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