Who owns usaa savings bank

Treasury Department. SA Inc. The bank is a subsidiary of insurance and financial services giant USAA, which has about 13 million members made up of current and former members of the military and their families. Kenneth H. The bank needs to be held to a higher standard, he added. This is a very vulnerable population not just because there are a lot of minorities, but many are of low to moderate income. For that reason, we have to be extra careful in dealing with them.

In the two years since the end of the recession, bank lending for mortgages and business loans have actually declined, despite a slight increase in bank assets. Stephen Green, the C. As Stephen Fidler of The Wall Street Journal recently wrote , Green says that "finding real peace," involves accepting three uncertainties: that the world is imperfect; that we can't be sure of human progress; and that hope endures.

Green, the banker, is trying to decode what makes a business good. Perhaps he should look to USAA for advice. USAA isn't a model for an entire economy. But it is an example of technical innovation and thinking outside the box.

We desperately need more of that. And more good banks as well. Skip to content Site Navigation The Atlantic. You must meet membership requirements to be eligible to become a member and have access to USAA products and services.

Kevin Payne is a personal finance and travel writer who writes about credit cards, student loans, debt, credit, and family finances. Kevin lives in Cleveland, Ohio with his wife and four kids. He has more than a decade of experience as personal finance editor, writer and content strategist. Select Region.

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