Marnie Winders Named Vice President of Marketing at Union Acceptance Corporation

    INDIANAPOLIS--July 30, 2002--Union Acceptance Corporation ("UAC") today announced that Marnie Winders has been named vice president of marketing, reporting to Lee Ervin, president and chief operating officer. This is a new position created to coordinate overall corporate marketing, public relations and communication efforts for the Company and its business units.
    Winders joins UAC from Conseco, Inc. where she served as the communications director for Conseco Capital Management, Inc. and Conseco Fund Group. She was responsible for marketing, advertising and public relations. Prior to her role at Conseco, Inc., Winders served as managing partner and director of marketing for Market Share, Inc., a financial services marketing firm in Indianapolis, Ind. She has a degree in public relations from Ball State University.
    "We are delighted to have Marnie join UAC. Her marketing talents will serve us well as we work to enhance the marketing presence of our company among our dealer base, as well as develop communications programs for our planned insurance agency and third party servicing," said Ervin.
    Additional information about Union Acceptance Corporation and its management team can be obtained at the Company's Web site, www.unionacceptance.com.

    Corporate Description

    UAC is one of the nation's largest independent, indirect automobile finance companies. The Company's primary business is purchasing and servicing prime automobile retail installment sales contracts. These contracts are originated by dealerships affiliated with major domestic and foreign manufacturers, nationally recognized rental car outlets and used car superstores. UAC focuses on acquiring receivables related to late model used and, to a lesser extent, new automobiles purchased by customers who exhibit favorable credit profiles. Union Acceptance Corporation commenced business in 1986 and currently acquires receivables from over 5,900 manufacturer-franchised dealerships in 39 states. By using state-of-the-art technology in a highly centralized underwriting and servicing environment, Union Acceptance Corporation enjoys one of the lowest cost operating structures in the independent prime automobile finance industry.