We are Ally Financial — a company with a new approach and a rich history.
In 1919, we started out as GMAC.
Our job back then was the same as it is today: to fuel the auto industry with loans that help dealers build their businesses, to support vehicle manufacturers with innovative sales programs, and to provide affordable financing to customers wishing to buy a car or truck.
As years turned to decades, we added more products and services like vehicle service contracts, home mortgages and insurance. In 2006, the next chapter was written when GMAC Financial Services became an independent financial services provider.
Then we took a major step forward. In 2008, we transformed into a bank holding company. That action set us on the path that would eventually lead us to Ally Financial — a company focused on understanding customer concerns and providing a better way to do business.
In 2009, we took the market in a new direction with our online retail bank, Ally Bank (Member FDIC). With it, we introduced 24/7 live customer care and an online savings account that has been named best in 2009 by Kiplinger's and "Best Savings Account" by Money Magazine in 2010.
Today, as Ally Financial, we're proud to:
- Rank among the largest automotive services companies worldwide
- Be the official preferred source of financing for General Motors, Chrysler, Saab, and Thor Industries
- Serve more than 15 million consumers and dealers
Our lines of business include retail and wholesale auto financing, insurance, commercial financing, and home mortgage products — all clearly committed to the notion that being intensely customer-focused is just good business.
And this new company, Ally Financial, is just the next step in our journey.