Quote:
Originally Posted by RickyMaveety
It was my understanding that USAA was founded as an insurance company specifically for Federal Employees and the members of the Armed Services.
It is (or was for many many years) subject to special rules and restrictions and was not open for investment by the general public.
Most "private sector" insurance companies (unless they are held by a closed corporation) are open to investment by the general public.
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yes, no, yes, sort of, no, maybe, occasionally.
It is private, it actually has nothing to do with the government, I believe you have to "join" similar to a credit union, it does/did require military affiliation (I still don't know how my friend got his membership), and I am absolutely certain I have made that clear as mud!
NEXT!
and it's also a bank.