UACSC 99-C
UNION ACCEPTANCE CORPORATION
(Servicer)
May 2000
<TABLE>
<CAPTION>
NOTE BALANCE RECONCILIATION DOLLARS
CLASS A-1 CLASS A-2 CLASS A-3 CLASS A-4 CLASS B
------------- ------------- ------------- ------------- -------------
<S> <C> <C> <C> <C> <C>
Original Note Balances 72,500,000.00 94,500,000.00 88,000,000.00 95,200,000.00 14,591,551.00
Beginning Period Note Balances - 80,538,706.23 88,000,000.00 95,200,000.00 14,591,551.00
Principal Collections - Scheduled Payments - 4,060,418.88 - - -
Principal Collections - Payoffs - 3,419,548.25 - - -
Principal Withdrawal from Payahead - 1,319.61 - - -
Gross Principal Charge Offs - 788,931.80 - - -
Repurchases - 4,453.15 - - -
Accelerated Principal - - - - -
Principal shortfall, up to Accelerated Principal - - - - -
Total Principal to be Distributed - 8,274,671.69 - - -
------------- ------------- ------------- ------------- -------------
Ending Note Balances - 72,264,034.54 88,000,000.00 95,200,000.00 14,591,551.00
============= ============= ============= ============= =============
Note Factor - 0.7646988 1.0000000 1.0000000 1.0000000
Interest Rate 5.4730% 6.1900% 6.6100% 6.820% 7.050%
</TABLE>
NOTE BALANCE RECONCILIATION NUMBERS
TOTAL
-------------- ------
Original Note Balances 364,791,551.00 24,594
Beginning Period Note Balances 278,330,257.23 20,750
Principal Collections - Scheduled Payments 4,060,418.88
Principal Collections - Payoffs 3,419,548.25 385
Principal Withdrawal from Payahead 1,319.61
Gross Principal Charge Offs 788,931.80 58
Repurchases 4,453.15 2
Accelerated Principal -
Principal shortfall, up to Accelerated Principal -
Total Principal to be Distributed 8,274,671.69
-------------- ------
Ending Note Balances 270,055,585.54 20,305
============== ======
Note Factor 0.7403011
Interest Rate 6.3476%
<PAGE>
PRINCIPAL BALANCE RECONCILIATION
Original Principal Balance 364,791,551.99
Beginning Period Principal Balance 287,450,047.00
Principal Collections - Scheduled Payments 4,060,418.88
Principal Collections - Payoffs 3,419,548.25
Principal Withdrawal from Payahead 1,319.61
Gross Principal Charge Offs 788,931.80
Repurchases 4,453.15
--------------
Ending Principal Balance 279,175,375.31
==============
Ending Note Balances 270,055,585.54
==============
Tail not sold 0.99
==============
Cumulative Accelerate Principal 9,119,788.78
==============
CASH FLOW RECONCILIATION
Principal Wired 7,483,064.53
Interest Wired 3,044,455.67
Withdrawal from Payahead Account 2,010.31
Repurchases (Principal and Interest) 4,523.12
Charge Off Recoveries 311,387.72
Interest Advances 100,243.51
Collection Account Interest Earned 38,647.17
Spread Account Withdrawal -
Policy Draw for Principal or Interest -
--------------
Total Cash Flow 10,984,332.03
==============
TRUSTEE DISTRIBUTION (6/8/00)
Total Cash Flow 10,984,332.03
Unrecovered Advances on Defaulted Receivables 26,330.89
Servicing Fee (Due and Unpaid) 8,195.10
Interest to Class A-1 Noteholders, including any overdue amounts -
Interest to Class A-2 Noteholders, including any overdue amounts 415,445.49
Interest to Class A-3 Noteholders, including any overdue amounts 484,733.33
Interest to Class A-4 Noteholders, including any overdue amounts 541,053.33
Interest to Class B Noteholders, including any overdue amounts 85,725.36
Principal to Class A-1 Noteholders, including any overdue amounts -
Principal to Class A-2 Noteholders, including any overdue amounts 8,274,671.69
Principal to Class A-3 Noteholders, including any overdue amounts -
Principal to Class A-4 Noteholders, including any overdue amounts -
Principal to Class B Noteholders, including any overdue amounts -
Insurance Premium 31,157.53
Interest Advance Recoveries from Payments 55,951.96
Unreimbursed draws on the Policy for Principal or Interest -
Deposit to Payahead 3,557.64
Payahead Account Interest to Servicer 193.84
Excess 1,057,315.87
--------------
Net Cash -
==============
Servicing Fee Retained from Interest Collections 231,346.61
<PAGE>
SPREAD ACCOUNT RECONCILIATION
Original Balance 911,978.88
Beginning Balance 1,852,947.87
Trustee Distribution of Excess 1,057,315.87
Interest Earned 9,045.84
Spread Account Draws -
Reimbursement for Prior Spread Account Draws -
Distribution of Funds to Servicer (183,372.94)
--------------
Ending Balance 2,735,936.64
==============
Required Balance 2,735,936.64
FIRST LOSS PROTECTION AMOUNT RECONCILIATION
Original Balance 14,591,662.08
Beginning Balance 1,416,314.89
Reduction Due to Spread Account (591,458.42)
Reduction Due to Accelerated Principal -
Reduction Due to Principal Reduction (299,591.24)
--------------
Ending Balance 525,265.23
==============
First Loss Protection Required Amount 525,265.23
First Loss Protection Fee % 2.00%
First Loss Protection Fee 904.62
POLICY RECONCILIATION
Original Balance 364,791,551.00
Beginning Balance 278,288,684.85
Draws -
Reimbursement of Prior Draws -
--------------
Ending Balance 278,288,684.85
==============
Adjusted Ending Balance Based Upon Required Balance 269,077,953.02
==============
Required Balance 269,077,953.02
PAYAHEAD RECONCILIATION
Beginning Balance 40,347.49
Deposit 3,557.64
Payahead Interest 193.84
Withdrawal 2,010.31
--------------
Ending Balance 42,088.66
==============
<PAGE>
CURRENT DELINQUENCY
PRINCIPAL % OF ENDING
# PAYMENTS DELINQUENT NUMBER BALANCE POOL BALANCE
--------------------- ------ ------- ------------
1 Payment 362 4,766,077.35 1.71%
2 Payments 179 2,452,480.99 0.88%
3 Payments 69 914,524.72 0.33%
--- ------------ ----
Total 610 8,133,083.06 2.91%
=== ============
DELINQUENCY RATE (60+)
RECEIVABLE
END OF PERIOD DELINQUENCY
PERIOD BALANCE POOL BALANCE RATE
-------- ------------ -------------- -----------
Current 3,367,005.71 279,175,375.31 1.21%
1st Previous 3,147,112.88 287,450,047.00 1.09%
2nd Previous 3,071,231.44 294,939,828.07 1.04%
NET LOSS RATE
<TABLE>
<CAPTION>
DEFAULTED
LIQUIDATION AVERAGE NET LOSS
PERIOD BALANCE PROCEEDS POOL BALANCE (ANNUALIZED)
------ ------- -------- ------------ ------------
<S> <C> <C> <C> <C>
Current 788,931.80 311,387.72 283,312,711.16 2.02%
1st Previous 923,028.20 353,502.66 291,194,937.54 2.35%
2nd Previous 855,883.93 419,668.68 299,267,355.72 1.75%
Gross Cumulative Charge Offs 5,851,997.90 Number of Repossessions 45
Gross Liquidation Proceeds 1,928,424.11 Number of Inventoried Autos EOM 126
Net Cumulative Loss Percentage 1.08% Amount of Inventoried Autos EOM 860,282.00
Net Cumulative Loss Percentage
(adjusted for estimated
future Liquidation Proceeds) 0.84%
Trigger 1.50%
Status OK
</TABLE>
DATE: June 6, 2000 /s/ Ashley Vukovits
---------------------------------
ASHLEY VUKOVITS
FINANCE OFFICER