Uncommon
USAA
American insurance and financial services company
USAA
The United Services Automobile Association (USAA) is an American financial services company providing insurance, including personal property and casualty and life insurance, and banking products exclusively to members of the military, veterans and their families. It was founded in 1922 in San Antonio, Texas, by a group of 25 U.S. Army officers as a mechanism for mutual self-insurance, when they were unable to secure auto insurance due to insurer’s inability to accommodate their frequent relocations. USAA is headquartered in northwest San Antonio. USAA Federal Savings Bank, which provides banking services and is one of the largest banks in the United States, is headquartered on a 575-acre (233 ha) campus in Phoenix, Arizona. USAA is ranked 93rd on the Fortune 500. USAA is a pioneer of the concept of direct marketing; most of its business is conducted over the Internet or telephone using employees instead of agents.
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