The Difference Experience Can Make

ACC Consumer Finance was founded to support credit unions offering sub-prime auto financing to consumers by providing a highly effective combination of management, expertise, products, and analytics. With more than a century of collective managerial experience, a time-tested collections model, and knowledgeable collections staff, we are able to deliver unparalleled value to borrowers, auto dealership partners, and most important credit unions.

It began in 1996, when credit unions experienced a metamorphosis – they hoped to better serve the underserved by taking more risks in their loan departments. Sub-prime lending was one solution. Unfortunately, a majority of them didn’t realize the preparation, knowledge, and risk management required in this type of lending. After only a short time, the credit unions were seeing an excessive amount of fraud and application manipulation, and lost substantial money in their sub-prime portfolios. It was an epidemic that pushed many to abandon their programs.

Despite these setbacks however, the sub-prime lending market continued to be a lucrative strategy, if managed appropriately. Thus, ACC Consumer Finance was born.

Our company is powered by more than 120 years of industry experience and know-how – the kind of wisdom that allows us to effectively manage sub-prime auto lending portfolios for credit unions. By utilizing a unique business model, we accurately analyze, scrutinize, segment, slice, forecast, and predict, ultimately producing substantial ROI for all of our partners.

Relationships are the core of our business. By fully comprehending the needs our credit union and dealership partners, we can leverage our resources to create opportunities, discover needs, meet goals, and add value to businesses.  We also specialize in segmenting and managing risk to reduce charge-offs and delinquencies, and further develop overall lending portfolios.

Through it all, the NCUA guidelines remain central to our efforts. Although stringent, they are vital to the best practices we stand for. Which is why we’ve established a transparent structure in which cash is held by a credit union trustee, titles are held by an independent custodian, and all underwriting documents are imaged and available online at anytime. In every case, we hope to meet or exceed these guidelines.

At ACC, our staff’s vast knowledge and revolutionary programs are part of the formula that can mean long-term success. We put our partners in touch with their investments and our employees, customers, dealers, and credit unions first, so we can do good business today and tomorrow.

 

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