SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549

                                    FORM 10-K

                ANNUAL REPORT PURSUANT TO SECTION 13 OR 15 (D) OF
                       THE SECURITIES EXCHANGE ACT OF 1934


                    For the fiscal year ended June 30, 2002,
                        Commission File No. 333-42046-04

                             UACSC 2002-A OWNER TRUST
             (Exact name of registrant as specified in its charter)

             Delaware                               35-1937340
   (State or other jurisdiction of                (I.R.S. Employer
    incorporation or organization)             Identification Number)
                                                 UAC Securitization
                                                 Corporation

     c/o First Union Trust Company,
     National Association, as Owner Trustee
     One Rodney Square
     Suite 109
     920 King Street
     Wilmington, Delaware                               19801
     (address of principal                            (zip code)
     executive offices)

     Registrant's telephone number including area code    (239) 948-1850

     Securities registered pursuant to Section 12 (b) of the Act: None

     Securities registered pursuant to Section 12 (g) of the Act: None


     Indicate  by check mark  whether the  registrant  (1) has filed all reports
     required to be filed by Section 13 or 15 (d) of the Securities Exchange Act
     of 1937 during the preceding 12 months (or for such shorter period that the
     registrant was required to file such reports),  and (2) has been subject to
     such filing requirements for the past 90 days.

                               Yes  [X]      No  [ ]

     Indicate by check mark if the disclosure of delinquent  filers  pursuant to
     Item  405 of  Regulation  S-K is  not  contained  herein  and  will  not be
     contained,  to the best of the Registrant's  knowledge, in definitive proxy
     of  information  statements  incorporated  by reference in Part III of this
     Form 10-K as any amendment to this Form 10-K. [X]

     DOCUMENTS INCORPORATED BY REFERENCE:    None



<PAGE>

     The  Registrant  (the UACSC  2002-A  Owner  Trust,  or the  "Trust")  is an
automobile  receivable  securitization  trust  formed  pursuant  to a Trust  and
Servicing  Agreement  dated  as  of  March  1,  2002  among  UAC  Securitization
Corporation, as "Seller," Union Acceptance Corporation, as "Servicer," and First
Union Trust Company, National Association, as "Owner Trustee" (the "Agreement"),
and  has  issued  asset-backed  debt  securities  (the  "Note")  pursuant  to an
Indenture  dated as of September 25, 2001 (the  "Indenture").  The Registrant is
filing this Form 10-K and has filed current  reports on Form 8-K monthly in lieu
of  reports on Form 10-Q and  compliance  with  certain  other  requirements  of
Section  15(d) of the  Securities  Exchange Act of 1934,  as amended,  which are
otherwise  applicable  to the  Trust,  on the  basis of the SEC  staff  position
described in numerous  no-action  letters  applicable to securities  such as the
Notes issued  pursuant to the  Indenture.  See,  e.g.,  Prime Credit Card Master
Trust (pub.  available October 16, 1992), Private Label Credit Card Master Trust
(pub.  available May 20, 1992),  Sears Receivable  Financing  Group,  Inc. (pub.
available March 31, 1992), Discover Financing Group, Incorporated, Discover Card
Trust 1991-E (pub.  available  February  13,  1992),  Bank One Auto Trust 1995-A
(pub.  available August 16, 1995) and Volkswagen  Credit Auto Master Trust (pub.
available May 9, 1997).




<PAGE>

                                     PART I



     Item 1. Business.

          The Trust is a  bankruptcy-remote  Delaware  Business Trust. The Trust
     was formed  solely for the  purpose of  acquiring  from UAC  Securitization
     Corporation (the "Seller"), a wholly-owned  bankruptcy-remote subsidiary of
     Union Acceptance Corporation (the "Servicer"), certain installment loan and
     security agreements and installment sales contracts secured by new and used
     automobiles,  light trucks and vans (the "Contracts"), and securitizing the
     Contracts  through  the  issuance  of  asset-backed  debt  securities  (the
     "Notes")  pursuant  to a  Registration  Statement  on Form  S-3  (File  No.
     333-42046). In addition, the Trust issued a certificate (the "Certificate")
     to the Seller representing the equity interest in the Trust.

     Item 2.  Properties.

          Not applicable.

     Item 3.  Legal Proceedings.

          There are no material  pending legal  proceedings  involving the Trust
     or, with respect to any Notes or any other trust  property,  involving  the
     Owner Trustee, the Seller or the Servicer.

     Item 4.  Submission of Matters to a Vote of Security Holders.

          No matter was  submitted  to a vote of  Noteholders  during the fiscal
     year ended June 30, 2002 for any purpose.



<PAGE>

                                     PART II

     Item 5.  Market for  Registrant's  Common  Equity and  Related  Stockholder
Matters.

          There is no established public trading market for the Certificates.

          As of July 23, 2002, UAC Securitization Corporation is the sole holder
     of the Certificates, which represent the equity interest in the Trust.

     Item 6.  Selected Financial Data.

          Not applicable.

     Item 7.  Management's  Discussion  and Analysis of Financial  Condition and
Results of Operation.

          Not applicable.

     Item 7A. Quantitative and Qualitative Disclosures ABout Market Risk.

          Not applicable.

     Item 8.  Financial Statements and Supplementary Data.

          Not applicable.

     Item  9.   Disagreements  with  Accountants  on  Accounting  and  Financial
Disclosure.

          None.
<PAGE>


                                    PART III

     Item 10.  Directors and Executive Officers.

          Not applicable.

     Item 11.  Executive Compensation.

          Not applicable.

     Item 12.  Security Ownership of Certain Beneficial Owners and Management.

          The equity  interest in the Trust is represented by the  Certificates.
     As of July 23, 2002, UAC Securitization  Corporation beneficially owns 100%
     of the Certificates.  The Seller's address is 9240 Bonita Beach Road, Suite
     1109-A, Bonita Springs, Florida 34135.

     Item 13.  Certain Relationships and Related Transactions.

          Union  Acceptance  Corporation,  as Servicer,  and UAC  Securitization
     Corporation,  as  certificateholder,  receive  payments  from the  Trust in
     accordance with the terms of the Agreement and the Indenture related to the
     Trust.


                                     PART IV

     Item 14. Exhibits, Financial Statement Schedules, and Reports on Form 8-K.

     (a)  The  Exhibits  required  to be  filed  in  response  to  Item  601  of
          Regulation S-K are listed in the Exhibit Index.

     (b)  Current  Reports on Form 8-K were  filed on October 2, 2001,  December
          26, 2001,  January 22, 2002,  February 20, 2002, March 22, 2002, April
          22, 2002, May 20, 2002, and June 14, 2002.


<PAGE>

          Pursuant to the requirements of Section 13 or 15 (d) of the Securities
     Exchange  Act of 1934,  the  Registrant  has duly  caused this Report to be
     signed  on  its  behalf  by  the  undersigned,  thereunto  duly  authorized
     Administrator  of the UACSC 2002-A Owner Trust,  for and on behalf of UACSC
     2002-A Owner Trust.

                                  UACSC 2002-A Owner Trust

                                  By:  Union Acceptance Corporation,
                                        as Administrator


     Date: July 29, 2002          By: /s/ Ashley A. Vukovits
                                     -------------------------------------------
                                      Ashley A. Vukovits
                                      Vice President

<PAGE>

                                  EXHIBIT INDEX

         No.        Description
         ---        -----------

         4.1        Trust and Servicing  Agreement  respecting  the UACSC 2002-A
                    Owner Trust  (incorporated  by  reference  to Exhibit 4.1 to
                    Form 8-K filed on October 2, 2002).

         4.2        Indenture   respecting   the  UACSC   2002-A   Owner   Trust
                    (incorporated  by reference to Exhibit 4.2 to Form 8-K filed
                    on October 2, 2002).

         99.1       UACSC 2002-A  Owner Trust  Monthly  Servicer  Report for the
                    Month Ended June 30, 2002.

         99.2       The consolidated  financial statements of MBIA, Inc. and its
                    subsidiaries  as of December  31, 2001 and December 31, 2000
                    and for each of the three years in the period ended December
                    31,  2001,  included  in the  Annual  Report on Form 10-K of
                    MBIA,  Inc. for the year ended December 31, 2001,  which was
                    filed by MBIA,  Inc.  with the SEC on March  29,  2002,  are
                    incorporated by reference.