Chip Lupo, Credit Card Writer
@CLoop
USAA is owned by its members, who are primarily current and former members of the U.S. armed forces as well as family members of those who served. USAA is headquartered in San Antonio and has been a privately-owned financial institution since its founding in 1922.
That said, USAA did sell its investment management business to Charles Schwab & Co. in 2020. Schwab is currently the exclusive provider of wealth management and investment brokerage services for USAA members.
USAA offers its members credit cards, checking and savings accounts, home and auto insurance, home mortgages, and more. USAA is the 13th-largest credit card issuer in the United States, with around 6.5 million cards in circulation. If you want to know more, you can check out USAA’s USAA's credit card reviews right here on WalletHub.
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