Articles from USAA

From road trips to backyard barbeques, Memorial Day is considered the unofficial start of summer. The holiday weekend also marks the official start of the “100 Deadliest Days of Summer,” the period where there is a sharp increase in traffic fatalities, especially involving teen drivers. According to the CDC, teen drivers are three times more likely to be involved in a fatal collision during this period, which runs until Labor Day Weekend, compared to other times of the year [1].

As Americans prepare to observe Memorial Day, USAA’s Poppy Wall of Honor® is returning to the National Mall in Washington, D.C. for the sixth year. The temporary installation provides a space for remembrance and reflection while honoring the lives and impact made by the 600,000 military members lost in service to our country.

USAA announced today the appointment of Brian Goldman as its new Chief Risk Officer, effective May 27. With nearly three decades of experience in the global financial services industry, Brian brings a proven track record of building and strengthening risk functions in large, complex organizations to achieve strategic goals.

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USAA, a leading financial services provider for the military community, is steadfast in its commitment to support members affected by the devastating California wildfires. To date, 86% of wildfire claims have received initial payments, and we have put more than $1B in the hands of our members.

Today, USAA Bank Board of Directors announced the appointment of Michael Moran as the Bank president, effective January 30. Moran, who has been serving as the interim president, brings more than two decades of banking experience and a strong commitment to the mission of serving military community and their families.

The USAA Board of Directors today announced the appointment of Juan C. Andrade as its next president and Chief Executive Officer, effective April 2. Andrade has served on USAA’s Board of Directors for the last four years and brings nearly 40 years of leadership experience as a public servant and in the financial services industry. This uniquely positions him to uphold and advance USAA’s 102-year legacy of service, ensuring the association remains strong for future generations of members.

The 125th meeting of the Army Black Knights and the Navy Midshipmen is just a few days away and USAA, alongside the two Academies, has proudly signed on as presenting sponsor for five additional years from the end of its current contract. This extension reaffirms USAA’s longstanding commitment to honoring and supporting the men and women of the U.S. Armed Forces.

Military service members were stronger financially at the end of 2023 than they were pre-pandemic even as inflationary pressures impacted household finances, according to the first-ever Military Financial Wellbeing Index released by USAA Federal Savings Bank, the leading financial services provider for the military community and their families.

USAA, a leading provider of insurance, banking, and retirement solutions to members of the military was named the most trusted annuity provider and ranked highest in overall customer satisfaction among annuity providers in the J.D. Power 2024 U.S. Individual Annuity Study. With an overall score of 780 on a 1000-point scale, USAA scored above 23 other annuity providers included in the study and exceeded the industry average of 645.

As the nation prepares to observe Veterans Day, USAA is calling for a national moment of gratitude with the launch of the “Connect with a Veteran” movement. The movement is meant to encourage all Americans to go beyond a simple thank you, pause and be intentional in showing appreciation and connection to our nation’s 17 million veterans. This can be done by sending a text, picking up the phone or visiting face-to-face. Not only is this action meant to create a meaningful and supportive connection to our veterans, but it is also a small step to help address the loneliness epidemic that has been recorded at increased levels.

Motor vehicle accidents are the leading cause of death in teens (ages 15-18), according to the National Highway Traffic Safety Administration (NHTSA), yet so many can be prevented with effective safe driving habits. To kick off National Teen Driver Safety Week, USAA is reminding young drivers and their parents of the importance of safe driving practices every time they get behind the wheel. These habits can be somewhat difficult for young drivers to develop, when they are surrounded by distractions, so driving apps can be there to protect young drivers even when their parent isn’t in the car.

USAA and its members have now donated nearly $3 million to assist in the recovery from Hurricane Helene and Hurricane Milton. USAA made an initial donation of $1 million after Hurricane Helene and has since committed an additional $500,000 to military aid societies to directly support military families impacted by both storms. Through a giving opportunity, USAA members have donated nearly $1.4 million that will go to support efforts led by the American Red Cross, Team Rubicon and World Central Kitchen.

USAA has announced a donation of $1 million to three nonprofit organizations supporting communities and families recover from the impacts of Hurricane Helene. The storm, which made landfall in Florida’s Gulf Coast region, continues to impact states in the southeast.

USAA announced today that Wayne Peacock plans to retire as President and CEO after a distinguished 36-year career at the company, including nearly five as CEO. He will retire in the first half of 2025.

USAA, a leading provider of insurance, banking, and investment and retirement solutions to members of the U.S. military, veterans and their families, is excited to announce a new relationship with Aflac, the leading provider of supplemental insurance in the U.S.1 This collaboration aims to expand the range of insurance products available to USAA members, offering them greater financial security and peace of mind.

USAA today announced that current Chief Financial Officer (CFO), Jeff Wallace, will become the company’s new chief audit executive. Brett Seybold, senior vice president and senior financial officer for USAA’s property and casualty business will replace Wallace as CFO. The moves, which come after the departure of the company’s chief audit executive, will enable USAA to continue to provide exceptional service to members today and for generations to come.

USAA has announced Tami Cabaniss as the company’s new chief human resources officer. Reporting to President and CEO Wayne Peacock, Tami will lead the company’s talent strategy and enhance USAA’s culture, rooted in service to the military community and their families.

USAA today published its 2023 Annual Report to Members, highlighting strong financial performance, membership growth and the introduction of innovative products and services to meet the needs of its members.

As the nation prepares to observe Memorial Day this year, a new survey sponsored by USAA reveals the lack of understanding about the true meaning of Memorial Day, with many observing the holiday in ways that don’t align with the day’s true purpose. USAA seeks to help the nation increase its understanding of the holiday while also providing an opportunity to honor and remember America's military men and women who lost their lives in service to their country with its Poppy Wall of Honor.

USAA announced today that Ross Buchmueller has been appointed to serve on the USAA Board of Directors. Buchmueller brings deep expertise in the insurance industry and, as the son of an Air Force veteran, unique insight into the needs of the military community and their families.

USAA, a leading provider of financial services to military members and their families, proudly announces the donation of four National Auto Body Council (NABC) Recycled Rides® as part of its ongoing commitment to supporting veterans and their communities.

USAA, a leading provider of financial services to military members and their families, proudly announces the donation of four National Auto Body Council (NABC) Recycled Rides® as part of its ongoing commitment to supporting veterans and their communities.

USAA has welcomed retired Army Maj. Gen. John B. Richardson IV as senior vice president and head of the company’s Military Affairs team. Johnny retired from the Army after a distinguished 33-year military career and brings a wealth of experience, a fervent passion for caring for military families and a forward-thinking approach to leadership. His family has had continuous membership in USAA for five generations and he has been a member himself for 36 years.

USAA, a leading provider of financial services to military members and their families, announces Major General Bob LaBrutta, USAF (Retired) has joined USAA Life Insurance Company (USAA Life) as vice president – serving members after the loss of a loved one.

USAA continues monitoring for a possible government shutdown. Should a shutdown occur in March and impacts to paychecks become imminent, USAA stands ready to provide financial assistance to affected members.