ETFOptimize | High-performance ETF-based Investment Strategies

Quantitative strategies, Wall Street-caliber research, and insightful market analysis since 1998.


ETFOptimize | HOME
Close Window

USAA Extends Government Shutdown Relief, Totaling More Than $411M to its Members

As the government shutdown continues, USAA is extending its relief program to continue supporting the financial well-being of its impacted military and federal employee members. That relief now totals over $411 million in zero-interest loans and other support.

USAA is extending its support for military and federal employees through the next pay period and will continue to make changes in response to ongoing developments. To date, USAA has helped more than 100,000 members with loans and flexible payment and fee arrangements.

“We remain focused on helping impacted members navigate the uncertainty of a shutdown with security and peace of mind,” said Michael Moran, President of USAA Federal Savings Bank. “Standing by our members through life’s unexpected moments is what we do, and we continue to answer the call.”

USAA is also delivering tools and advice to help members build out their financial strategies for the shutdown with confidence. Information on these and other resources is available at usaa.com/advice. Impacted members can continue to access USAA’s relief resources at usaa.com/relief. Up-to-date information on USAA’s shutdown response can be found at usaa.com/shutdownupdates.

In addition, the Association is expanding its shutdown support at the community level, issuing $1.5 million in grants to nonprofits, namely food banks, amid a surge in demand for assistance. The Association is distributing these grants to food banks in communities where USAA operates, including those with a notable local military presence. This past Sunday, USAA President and CEO Juan C. Andrade appeared on CBS Face The Nation to discuss the company’s government shutdown response and its work to help service members, federal workers and their families to find stability during an uncertain time.

“As we monitor the broader impacts of the shutdown, we’re committed to delivering meaningful relief where it’s needed most,” said Lindsey O’Neill, EVP, Head of Corporate Communications and Public Affairs at USAA. “These nonprofits, together with financial institutions, military aid societies and other relief organizations, are playing an important role in ensuring the resiliency of our communities.”

Alongside food banks, military aid societies are stepping up to provide critical resources such as emergency financial aid and education support. USAA continues to support these organizations, having contributed over $40 million since 2016.

About USAA

Founded in 1922 by a group of military officers, USAA is among the leading providers of insurance, banking and retirement solutions and serves 14 million members of the U.S. military, veterans who have honorably served, and their families. Headquartered in San Antonio, USAA has offices in eight U.S. cities and three overseas locations and employs more than 38,000 people worldwide. Each year, the company contributes to national and local nonprofits in support of military families and communities where employees live and work. For more information about USAA, follow us on Facebook, Instagram or X (@USAA), or visit usaa.com.

“Standing by our members through life’s unexpected moments is what we do, and we continue to answer the call.”

Contacts

Recent Quotes

View More
Symbol Price Change (%)
AMZN  244.41
+1.37 (0.56%)
AAPL  268.47
-1.30 (-0.48%)
AMD  233.54
-4.16 (-1.75%)
BAC  53.20
-0.09 (-0.17%)
GOOG  279.70
-5.64 (-1.98%)
META  621.71
+2.77 (0.45%)
MSFT  496.82
-0.28 (-0.06%)
NVDA  188.15
+0.07 (0.04%)
ORCL  239.26
-4.54 (-1.86%)
TSLA  429.52
-16.39 (-3.68%)
Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the Privacy Policy and Terms Of Service.


 

IntelligentValue Home
Close Window

DISCLAIMER

All content herein is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor should it be interpreted as a recommendation to buy, hold or sell (short or otherwise) any security.  All opinions, analyses, and information included herein are based on sources believed to be reliable, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. We undertake no obligation to update such opinions, analysis or information. You should independently verify all information contained on this website. Some information is based on analysis of past performance or hypothetical performance results, which have inherent limitations. We make no representation that any particular equity or strategy will or is likely to achieve profits or losses similar to those shown. Shareholders, employees, writers, contractors, and affiliates associated with ETFOptimize.com may have ownership positions in the securities that are mentioned. If you are not sure if ETFs, algorithmic investing, or a particular investment is right for you, you are urged to consult with a Registered Investment Advisor (RIA). Neither this website nor anyone associated with producing its content are Registered Investment Advisors, and no attempt is made herein to substitute for personalized, professional investment advice. Neither ETFOptimize.com, Global Alpha Investments, Inc., nor its employees, service providers, associates, or affiliates are responsible for any investment losses you may incur as a result of using the information provided herein. Remember that past investment returns may not be indicative of future returns.

Copyright © 1998-2017 ETFOptimize.com, a publication of Optimized Investments, Inc. All rights reserved.