UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 14A

(Rule 14a-101)

INFORMATION REQUIRED IN PROXY STATEMENT

SCHEDULE 14A INFORMATION

Proxy Statement Pursuant to Section 14(a) of the Securities

Exchange Act of 1934

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Filed by a Party other than the Registrant  ¨

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¨Definitive Proxy Statement

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¨Soliciting Material Pursuant to § 240.14a-12

UNITED PANAM FINANCIAL CORP.

(Name of Registrant as Specified In Its Charter)

(Name of Person(s) Filing Proxy Statement, if other than the Registrant)

Payment of Filing Fee (Check the appropriate box):

xNo fee required.

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18191 Von Karman Avenue Irvine, CA 92612 Phone: (949) 224-1917 Fax: (949) 224-1912    

August 29, 2008

Dear Shareholder:

You recently received a proxy card for the United PanAm Financial Corp. (“UPFC”) September 24, 2008 annual meeting of shareholders. Due to an error, you received an incorrect proxy card. The proxy card did not include the correct names of the three candidates nominated for election to the UPFC board of directors.

We have, therefore, enclosed a corrected proxy card that lists the correct names of the three candidates nominated for election to the UPFC Board. Whether or not you have previously completed and returned a proxy card, we urge you to sign, date and return the enclosed corrected proxy card in the envelope provided. Alternatively, you may vote via the telephone or the internet as described on the proxy card.

Votes on the incorrect proxy card will be disregarded for all purposes.

PLEASE NOTE THAT IF YOU HAVE ALREADY VOTED VIA TELEPHONE OR INTERNET, YOU CAN DISREGARD THIS NOTICE.

We apologize for any inconvenience this may have caused.

Sincerely,

Guillermo Bron

Chairman of the Board