United Services Automobile Association Type Private Founded 1922 Location San Antonio, Texas, USA Key people Robert G. Davis, Chairman & CEO Tim Handren, COO Joe Robles, CFO Greg Schwartz, CIO Industry Financial Services Products Insurance, Banking, Investing Revenue Employees ~21,900 (2005) Website www.usaa.com USAA Group is a financial services company headquartered in San Antonio, Texas, that offers automobile, homeowner's and life insurance; banking services through the USAA Federal Savings Bank; financial planning; and discount brokerage and investment services including a line of mutual funds. Other ventures include a real estate investment company, a mail-order retail catalog operation, and travel services. As an insurer they operate as an unincorporated reciprocal inter-insurance exchange (URIE) under the Texas Insurance Code [1]. Although USAA extends membership primarily to current and former U.S. military personnel and their families, anyone can open an investment account or seek life insurance from USAA and, until 2006-06-30, open a bank account. Only military affiliates and their families can obtain property and casualty insurance (and, effective 2006-06-30, banking products) from USAA. As of 2005 USAA had over $96 billion in assets under management for approximately 5.6 million customers. The United Services Automobile Association was founded in 1922 by a group of military officers. Previously, it had been difficult for military personnel to obtain insurance because of the hazardous nature of their profession. The stated mission of USAA is to facilitate the financial security of its members, associates and their families through provision of a full range of highly competitive financial products and services; in so doing, USAA seeks to be the provider of choice for the military community. USAA is also a major employer in San Antonio. Ratings A.M. Best Company: A++ (Superior) Moody's Investor Service: AAA (Exceptional) Standard and Poor's: AAA (Extremely Strong) Litigation involving USAA USAA v Loretta Williams USAA v National Labor Relations Board Powers v USAA External links USAA home page USAA Real Estate Company USAA Educational Foundation, a nonprofit organization providing consumer information San Antonio The Alamo • Alamodome • AT&T • AT&T Center • Bexar County Courthouse • Brooks City-Base • Clear Channel • Fiesta Texas • Fort Sam Houston • Freeman Coliseum • Frost Bank • H-E-B • HemisFair '68 • Institute of Texan Cultures • Lackland Air Force Base • Mind Science Foundation • Nelson W. Wolff Stadium • North Star Mall • Pearl Brewery • Randolph Air Force Base • San Antonio Convention Center • The River Walk • San Antonio Express-News • San Antonio Missions (Baseball) • San Antonio Missions National Historical Park • San Antonio International Airport • San Antonio Public Library • San Antonio Spurs • San Antonio Stock Show & Rodeo • SeaWorld • The Shops at La Cantera • South Texas Medical Center • Southwest Foundation for Biomedical Research • Southwest Research Institute • Splashtown • St. Mary' University • Tesoro • Trinity University • Tower of the Americas • USAA • UT Health Science Center • UTSA • University of the Incarnate Word • Valero • VIA ‹The stub template below has been proposed for renaming to finance-company-stub. See stub types for deletion to help reach a consensus on what to do.›  This bank, insurance, or other financial services corporation article is a stub. You can help Wikipedia by expanding it. Search Term: "USAA" Categories: Companies based in Texas | Financial services companies of the United States | Fortune 1000 | San Antonio, Texas | 1922 establishments | Finance company stubs