Ally Financial

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Ally Financial, formerly known as GMAC Inc., is a digital financial services company headquartered in Detroit, Michigan. It was founded in 1919 as the General Motors Acceptance Corporation (GMAC) to provide financing to automotive customers of General Motors. In 2010, the company rebranded as Ally Financial and expanded its services to include banking, mortgage, and investment products.
Today, Ally Financial is one of the largest auto finance companies in the United States, providing financing to over 4 million customers through partnerships with more than 18,000 dealerships. In addition to its auto financing services, the company also offers online banking, home loans, personal loans, and wealth management services.
As a digital-first company, Ally Financial prides itself on providing a seamless and user-friendly customer experience through its online and mobile platforms. Along with its financial services, the company also offers educational resources and tools to help customers make informed decisions about their finances.
Ally Financial is committed to corporate responsibility and emphasizes its role as a financial ally for its customers, employees, and communities. The company supports various philanthropic initiatives, including financial literacy education and community development programs.
As of 2021, Ally Financial has over 9,000 employees and reported over $11 billion in revenue. It is publicly traded on the New York Stock Exchange under the ticker symbol ALLY.

1. History & Legacy: Ally Financial has a rich history that dates back to 1919 when it was founded as the General Motors Acceptance Corporation (GMAC). It has evolved from a small auto financing company to a global financial services organization.
2. Industry Leader: Ally Financial is one of the largest auto lenders in the US and a leading provider of digital financial services. It is also the largest full-service online bank in the country.
3. Diversified Business: While Ally Financial is predominantly known for its auto lending business, it has diversified its services to include banking, home loans, credit cards, and wealth management.
4. Digital Focus: Ally Financial has embraced digital technology, making it a pioneer in online banking and a recognized leader in digital financial services. It was one of the first banks to achieve 1 million mobile customers in the US.
5. Customer-Centric Approach: The company places a strong focus on customer experience, offering transparency and convenience in its services. It has won numerous awards for its customer service and satisfaction.
6. Strong Financial Performance: Despite a difficult economic climate, Ally Financial has consistently delivered strong financial results. It has maintained a profitable streak since 2013 and has a stable credit rating.
7. Corporate Social Responsibility: Ally Financial is committed to giving back to the community through various initiatives, such as its volunteer program and charitable donations.
8. Inclusive Workplace Culture: The company has a diverse and inclusive workplace culture that promotes equality and empowerment. It has been recognized for its commitment to diversity and inclusion in the workplace.
9. Sustainability: Ally Financial has a strong focus on sustainability and has implemented various initiatives to reduce its environmental impact. It has been named one of the World’s Most Sustainable Corporations by Corporate Knights.
10. Innovation: The company is constantly innovating and adapting to changing market trends and customer needs. It has launched several innovative products and services, such as Ally Invest and Ally CashBack Credit Card.