|Founder||25 U.S. officers|
|Key People||General Lester Lyles (USAF), Capt Stuart Parker (CEO)|
|Headquarters:||San Antonio, Texas|
|☎ Telephone number:||1-210-531-8722|
|Number of employees:||32,896|
|Number of locations:||4 financial centers|
|ATM locator||Find here|
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USAA, which stands for the United Services Automobile Association, appears to be a diversified financial services group, which is also a part of the Fortune 500 List. Currently, this company offers insurance, investing, and banking services to the people who serve or served in the U.S. military and their families.
The history of this group can be traced to 1922, when it was founded in Texas by 25 U.S. military officers. Nowadays, the company has more than $155 billion in assets, and offers its services worldwide.
USAA is currently considered one of the best financial companies in the U.S., which offers pretty beneficial insurance and lending rates to its members. Among the upsides of this company, one may mention the availability of a variety of financial products and competitive rates, both of which come along with a strong financial health.
Yet, all this comes at the expense of convenience. There are only a few financial centers, while the number of ATMs and locations overall is not that big. Many services are unavailable at the USAA locations, and you should keep that in mind as well. Besides, only U.S. military and their families can be the customers of this financial group.
There are following USAA pros:
- A strong financial health of the company.
- Competitive insurance rates for members of the U.S. military.
- A broad range of financial products available to the customers.
- Provides financial planning and money management advice to the customers.
Yet, there are also certain USAA cons:
- Available only to the former or current U.S. military and their families.
- No deposit and withdrawal services available at banking locations.
- Withdrawals are available only at ATMs.
Our website also features a comprehensive guide to USAA online banking. In order to have a look at it, please visit this page.