Talk:USAA/Archive 5

EMERGENCY NOTICE: Readers' attention is invited to note that agents of USAA are repeatedly vandalizing this article in order to suppress the dissemination of information about the legal case True v United Services Automobile Association. It is highly interesting to note that this "unincorporated association" does not want the public to know it may be a "RICO association in fact"; but rather wants to public to accept the false notion that it is a publicly owned and duly incorporated financial services company: which it is not.

USAA Group is an unincorporated membership association headquartered in San Antonio, Texas, that importunes members of the military services to purchase automobile and homeowners insurance with a questionable message that they are owner/members of the association: they are neither owners nor members of anything.

The unincorporated association also offers banking services through the USAA Federal Savings Bank; life insurance through a captive subsidiary; 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.

When acting as an insurer, USAA operates as an unincorporated reciprocal inter-insurance exchange URIE under the Texas Insurance Code.

USAA simultaneously possesses the characteristics of an "association", a "club", a "corporation", a "sole proprietorship", a "partnership", a "financial services company", an "insurance holding company", an "LLC", a "limited partnership", and finally, simply and perhaps most properly an "unincorporated reciprocal inter-insurance exchange"

Although USAA extends membership primarily to current and former U.S. military personnel and their families, anyone can become a member by either opening a bank account/investment account, purchasing life insurance, or becoming a limited partner in one of USAA Real Estate Company's tax advantaged limited partnerships. Only military service members and FBI agents and their families can obtain automobile and homeowner's insurance from USAA.

(Disputes as to the correctness of the FBI information can be worked out on the discussion page: if Zampir, sockpuppet for USAA, wants the suppress the truth about FBI members having membership priviledges, then let's discuss that on the discussion page!)

As of 2004 USAA had over $81 billion in assets under management for approximately 5 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 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 (Extemely Strong)

Litigation involving USAA

 * USAA v Loretta Williams
 * USAA v National Labor Relations Board
 * Powers v USAA