NAF Association Founder Presented the Industry Excellence Award
June 03, 2010
James W. Bass, founder, CEO and
chairman of the board of Auto One Acceptance Corp., Arlington, TX,
was presented the Industry Excellence Award by the National
Automotive Finance (NAF) Association at its annual conference in Fort
Worth. The award recognizes Bass's contributions and commitment to
the below-prime auto financing industry. Bass is a founding member
and current treasurer and chairman emeritus of the NAF Association
that was organized in 1996 to bring stability to and create standards
for a growing category of auto finance.
The NAF Association serves a membership of more than 100 below-prime
automobile finance and service organizations with programs and
education. Among its accomplishments are standards of financial
reporting, a code of responsibility for members, the Annual
Below-Prime Automotive Financing Survey that provides the industry's
only measurements of growth and changes, policy statements and an
annual conference, workshops and webinars.
"Jim recognized the need for this association 15 years ago," said
Jack Tracey, executive director of the NAF Association, "and was the
driving force behind forming the organization. His foresight and
leadership over the years have been invaluable."
Tom Hudson, Hudson Cook, LLP and general counsel for the NAF
Association, presented the award at a special dinner last evening.
Hudson remarked, "There is no better representative of the industry
than Jim Bass."
Prior to his positions with Auto One Acceptance Corp., Bass served as
chief financial officer and director of lender relations for
driversselect, an independent automobile retailer and finance
specialist with six locations in Texas. During this period, he also
provided consulting services to a wide range of investment bankers,
auto finance companies and dealership groups.
From 1999 to 2003, Bass was the founder and chief executive officer
for autoeloan.com, Inc., an early pioneer in moving the delivery of
application information, credit decision notification and dealer
correspondence from the fax machine to the internet. During his
tenure, autoeloan.com, Inc. produced and sold thousands of automobile
From 1989 to 1999, Bass was the founder, president and chief
operating officer of AutoOne Acceptance Corporation. During this
period, the firm grew to a rate of $50 million in monthly loan
production, 425 employees in two production offices and was licensed
in all 50 US states. Under his leadership, AutoOne Acceptance was
the first nonprime auto finance company to securitize its contracts
with an S&P rating, successfully accomplished nine private and public
securitizations of automobile contracts in the aggregate amount of
$700 million, all of which performed as expected without any defaults
Bass holds a BS Industrial Management Degree from the University of
Arkansas and is a licensed Certified Public Accountant in the State of