UNIVERSAL CIT CREDIT CORPORATION - Revision history

Randylyon at 15:53, 4 March 2024

2024-03-04T15:53:58Z

← Older revision		Revision as of 15:53, 4 March 2024
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	UNIVERSAL CIT CREDIT CORPORATION. The Universal Credit Corporation (UCC) was a car financing company for Ford cars. It existed in the US in the 1930s.		UNIVERSAL CIT CREDIT CORPORATION. The Universal Credit Corporation (UCC) was a car financing company for Ford cars. It existed in the United States in the 1930s.

	It was established in 1928 and capitalized by Ford in conjunction with the Union Guardian Trust Company of Detroit. It was set up in response to GMAC (now Ally Financial) through the efforts of Edsel Ford and Ernest Kanzler at Ford to allow customers to buy Ford cars on credit. In 1932, Henry Ford sold the corporation for $50 million in order to finance his manufacturing operations during the 1932 Bank Moratorium. Ford's share of the company was sold to Commercial Investment Trust (CIT) Corporation and UCC continued to serve Ford dealers and customers.		The credit union was established in 1928 and capitalized by Ford in conjunction with the Union Guardian Trust Company of Detroit. It was set up in response to GMAC (now Ally Financial) through the efforts of Edsel Ford and Ernest Kanzler at Ford to allow customers to buy Ford cars on credit. In 1932, Henry Ford sold the corporation for $50 million in order to finance his manufacturing operations during the 1932 Bank Moratorium. Ford's share of the company was sold to Commercial Investment Trust (CIT) Corporation and UCC continued to serve Ford dealers and customers.

	The 1957 '''Dubuque City Directory''' listed 601 American Trust Building.		The 1957 '''Dubuque City Directory''' listed 601 American Trust Building.

Randylyon at 03:01, 17 January 2019

2019-01-17T03:01:03Z

← Older revision		Revision as of 03:01, 17 January 2019
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	UNIVERSAL CIT CREDIT CORPORATION. The 1957 '''Dubuque City Directory''' listed 601 American Trust Building.		UNIVERSAL CIT CREDIT CORPORATION. The Universal Credit Corporation (UCC) was a car financing company for Ford cars. It existed in the US in the 1930s.

			It was established in 1928 and capitalized by Ford in conjunction with the Union Guardian Trust Company of Detroit. It was set up in response to GMAC (now Ally Financial) through the efforts of Edsel Ford and Ernest Kanzler at Ford to allow customers to buy Ford cars on credit. In 1932, Henry Ford sold the corporation for $50 million in order to finance his manufacturing operations during the 1932 Bank Moratorium. Ford's share of the company was sold to Commercial Investment Trust (CIT) Corporation and UCC continued to serve Ford dealers and customers.

			The 1957 '''Dubuque City Directory''' listed 601 American Trust Building.

			---

			Source:

			"Universal Credit Corporation," Wikipedia, Online: https://en.wikipedia.org/wiki/Universal_Credit_Corporation

	[[Category: Loans]]		[[Category: Loans]]

Randylyon at 02:57, 17 January 2019

2019-01-17T02:57:13Z

← Older revision		Revision as of 02:57, 17 January 2019
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	UNIVERSAL CIT CREDIT CORPORATION. The 1957 ''Dubuque City Directory'' listed 601 American Trust Building.		UNIVERSAL CIT CREDIT CORPORATION. The 1957 '''Dubuque City Directory''' listed 601 American Trust Building.

	[[Category: Loans]]		[[Category: Loans]]

Randylyon: Created page with "UNIVERSAL CIT CREDIT CORPORATION. The 1957 ''Dubuque City Directory'' listed 601 American Trust Building. Category: Loans"

2013-05-24T18:56:43Z

Created page with "UNIVERSAL CIT CREDIT CORPORATION. The 1957 ''Dubuque City Directory'' listed 601 American Trust Building. Category: Loans"

New page

UNIVERSAL CIT CREDIT CORPORATION. The 1957 ''Dubuque City Directory'' listed 601 American Trust Building.

[[Category: Loans]]