USAA Federal Savings Bank is the banking division of the Texas-based financial services company, United Services Automobile Association (USAA). Established in 1983, USAA Federal Savings Bank offers a wide array of banking solutions tailored to the needs of military men and women and their families.
Based in San Antonio, the bank operates mainly through online and mobile banking platforms. There are not many USAA Federal Savings Bank locations in the US, but one can avail products and services like checking & savings account, credit cards, auto loans, mortgages, home equity products, personal loans, car buying services, insurance products, and more via mail, phone or the internet.
Besides banking services, USAA offers investment and insurance services to the people associated with the US military. Indeed the company came into existence in 922 as some US Army officers realized the need of an institution that could help them insure cars and vehicles. There was no company at that time that could provide auto insurance services to these people because they were considered as a high-risk people.
Some of the exclusive features of USAA Federal Savings Bank accounts include free online bill pay, rebates in ATM fee, bank-by-mail services, and free standard checks for the life of the account. Moreover, it is one of the few banks that started offering American Express cards in addition to its own brand of credit cards. The company is also considered a pioneer of direct marketing in the banking industry. Its business depends entirely on the effective use of telephone and the internet by its own employees.
|Bank Name||USAA Federal Savings Bank|
|Year of Establishment||12/30/1983|
|FDIC Insured Since||12/30/1983|
|FDIC Certificate No||32188|
|Number of Branches||1 domestic + 0 foreign|
|Number of ATMs|
|Number of Employees||6,074|
|Number of States Served||1 State|
|Services Offered (Available Accounts)||Checking, Savings, CDs, Debit Cards, IRAs|
|Mobile and Online Banking|
|Assets (June 30, 2014)||65,978,419|
|Deposits (June 30, 2014)||58,994,308|
|Equity Capital (June 30, 2014)||5,651,342|
|Net Income (June 30, 2014)||209,422|
|Primary Federal Regulator||Office of the Comptroller of the Currency|
|Address||10750 Mcdermott Freeway, San Antonio,TX 78288|
(Courtesy: FDIC as on June 30, 2014)