Commercial Credit Company

Commercial Credit Company. Commercial Credit Company is a wholly owned subsidiary of Citigroup, Inc. which provides a broad range of financial services to consumer and corporate customers. The company operates in three segments: consumer finance, credit cards and corporate and other. Consumer finance segment provides consumer loans, including secured and unsecured personal loans, real estate-secured loans and consumer goods financing. Credit card services include upper market gold and platinum credit card services to individuals and to affinity groups through the company's state-chartered bank and federally chartered savings bank. Corporate and other consists of treasury investments, hotel investments, corporate investments and insurance business. The company incurred $6.4 million to date for year 2000 expenses. As of December 1998, the company operated 981 loan offices in 45 states, including 19 servicing centers. Consumer finance accounted for 92% of 1998 revenues and credit cards, 8%.