Ally Financial Inc. is one of the world's largest automotive financial services companies. As the official preferred source of financing for General Motors, Chrysler, Saab, Suzuki and Thor Industries vehicles, Ally offers a full suite of automotive financing products and services in key markets around the world. Ally's other business units include mortgage operations and commercial finance, and the company's subsidiary, Ally Bank, offers online retail banking products. With more than $179 billion in assets as of March 31, 2010, Ally operates as a bank holding company.
Banking
Ally Bank is a U.S. online bank that offers consumers a straightforward approach to banking with no minimum deposits and no monthly fees. The Bank was named to Kiplinger's Personal Finance magazine's "2009 Best List" in the Credit & Banking category as "Best Bank Account" for its online savings account. Ally Bank offers online savings and checking accounts, money market accounts and Certificates of Deposit with terms ranging from three months to five years, as well as a No Penalty CD. Member FDIC.
Global Automotive Services
Ally's global automotive services include its auto finance and insurance businesses. Ally offers wholesale and retail automotive financing products and services. The company is the official preferred source of financing for General Motors, Chrysler, Saab, and Suzuki vehicles and Thor Industries RVs. The dealer-related insurance arm of Ally provides extended service contracts and insurance for auto dealer inventories worldwide.
Commercial Finance
Commercial Finance's Structured Finance Division provides specialized financing, tailored to meet the unique needs of equity sponsors and middle-market companies, ranging from secured asset-based loans to cash flow, enterprise value-based facilities, and including equity sponsor fund guarantees.Mortgage Operations
Ally’s mortgage operations focuses primarily on the residential real estate market in the U.S. Business activities include the origination, purchase, servicing, sale and securitization of residential mortgage loans.