The Navy Federal Credit Union offers financial services to military members and veterans similar to USAA. A quick look at their website shows no DEI nonsense. Those patriots still in the armed services and veterans should consider switching their banking services provider.
Maybe Ken Paxton can take a look into USAA's practices.
https://wallethub.com/answers/cc/who-owns-usaa-bank-1000011-2140827717/#answer=2140728421
If the info at the above is accurate and USAA is owned by its members, did its members get to vote on this...?
Or are the members really just members in name only?
Time for patriots to put their money where their mouths are.
In this case: somewhere else.
If I ever get debanked, I still get to keep the loot, right? They just hand over a cashier’s check?
Oddly, no one seems to have looked at incoming board members in the past 18 months...to put one and one together. It’s likely one single board member who dragged up this topic and pushed it.
To note...I also have USAA and Navy Federal.
I stopped bothering even getting insurance quotes from usaa. They always quoted 20% higher than every other company.
And if they’re woke on top of it, fusaa.
Alabama would not accept my USAA auto insurance when registering my vehicles. The purple haired lady just shrugged when I asked why.
Kind of like the AARP is an organization for retired people. SARCASM.
Great outfit when I first joined in 1979.
They became too successful.
They had loads of cash laying around.
They decided they needed to do something with that money.
They started to hire more employees that were not needed.
They started to become a social services organization instead of an insurance company for military Officers.
Then, the board started to worry about everyone but their customers.
They needed to make San Antonio better for themselves and the employees.
They built a theme park in San Antonio.
They built a retirement community in San Antonio.
They went into the stock market.
They started to hire executives with little to no military experience.
They panicked over the military drawdown.
They opened up membership to Enlisted personnel.
They spent money like crazy on advertising.
The board loaded up with women who wanted to use the resources of USAA for their personal political and social goals.
Recently, the board decided to use the member’s money to hand out to their chosen sad stories.
USAA is no longer focused on being a low cost, quality auto insurance provider.
The board members need to resign and go to work for philanthropy organizations.
The new board members need to clean out the executives and focus on one thing: providing quality, low cost auto insurance to their members.
USAA did that? Guess I need to move my annuity out of there.
I HOPE thousands of veterans and current military members leave both of those banks. It would certainly show them that their actions have consequences.
Looks like the banks are the real government.
When I joined USAA in 1982, you had to be an officer to join. Then, later on, they decided to allow enlisted to join. That’s when it started going to sh*t. I’m also a member of Navy Federal Credit Union. Looks like I’ve got some soul searching to do. I won’t put up with any company that plays politics with their business. This sh*t is for the birds.
This kind of story makes me feel sick.
I’m a USAA member. Other Vets recognize it. I’ll keep an eye on this subject.
USAA scammed me out of $42,000 14 years ago. I was on an account with TWO signatures required for withdrawal.
My brother successfully did an e-transfer into his personal account wiping out the joint account.
USAA did nothing.