Green Tree Financial Corporation announced today that its Green Tree Retail Services division has reached separate agreements with two growing retailers, McCoy’s Building Supply Centers(TM) and RoomStore of Phoenix, LLC, to provide private-label credit card programs to the customers of each of these regional retailers.
McCoy’s, headquartered in San Marcos, Texas, is a building supply company with over 100 stores. Originally founded in 1923 as a roofing contractor in the Houston, Texas area, privately owned McCoy’s has grown into a major regional organization with operations in six southwestern states. Prior to the launch of the new program, McCoy’s did not offer customers in-house financing. Realizing the potential of providing attractive financing options, store managers asked McCoy’s management to develop a financing program. This new program created in partnership with Green Tree Retail Services has already delivered new customers and incremental sales.
Phoenix, Ariz.-based RoomStore is a regional furniture retailer with six stores in the metropolitan Phoenix area as well as two new stores in Sacramento, Calif. RoomStore, which was founded in 1993 by members of the original Levitz Furniture Company, specializes in selling complete rooms of contemporary furniture with a low price guarantee. RoomStore has experienced rapid growth since the first two stores opened in Phoenix just four years ago. Green Tree was selected as RoomStore’s new credit provider after an extensive review of the leading private-label providers.
Launched in 1995, Green Tree Retail Services is a rapidly growing provider of revolving credit for retail merchants and their customers. The division is focused on providing incremental value to the sales efforts of retailers through the design and execution of innovative marketing programs.
Green Tree Financial Corporation is a diversified financial services company with nationwide operations serving customers in the consumer finance, commercial finance and insurance markets. With managed finance receivables of $26 billion, Green Tree is one of the largest multi-line finance companies in the United States. Founded in 1975, Green Tree has approximately 5,000 employees at 200 company locations that work with 18,000 retail dealers across the country as well as directly with consumers.Details