Who is USAA?

by Sean Bryant on June 3, 2013

In 1922, 25 army officers were struggling to get insurance for their automobiles so they decided to take things into their own hands.  They started USAA as a way to insure themselves.  Now 91 years later they have grown to have millions of members and they now offer everything from insurance to banking products and even investments.  USAA prides themselves on their initial values that they want to offer outstanding service, loyalty, honesty, and integrity.

Over the past few years many companies have faced financial headwinds, but not USAA.  Year after year they continue to thrive, which allows them to spend more time helping their members instead of worrying about their bottom line.

Who Can Join USAA?

USAA is open to current and former military and their families.  If you have never served there is no need to worry, because you can still get in on a majority of their products.  You can take advantage of their investment products, checking and savings accounts, life insurance, credit cards and other shopping discounts.  Only active and former military personel are eligible for auto and property insurance.

Want to learn a little bit more about Who USAA really is?  Check out the video below.

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Sean Bryant

Sean Bryant created OneSmartDollar.com in 2011 to help pass along his knowledge of finance and economics to others. After graduating from the University of Iowa with a degree in economics he worked as a construction superintendent before jumping into the world of finance. Sean has worked on the trade desk for a commodities brokerage firm, he was a project manager for an investment research company and was a CDO analyst at a big bank. That being said he brings a good understanding of the finance field to the One Smart Dollar community. When not working Sean and he wife are avid world travelers. He enjoys spending time with his daughter Colette and dog Charlie.
  • Laurie @thefrugalfarmer

    Thanks for this info, Sean – I never knew what the origination of USAA was! Question: when you say “military members and their families” what does “family” consist of? I.E. my dad was a Marine: which of his descendants can be members of USAA?

  • I’ve heard a lot about USAA, probably because they have been running TV ads recently. It seems like a great option for military members.

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