July 24, 2016 7:44 AM ET


Company Overview of United Services Automobile Association

Company Overview

United Services Automobile Association provides a range of financial products and services to the military community and their families primarily in the United States. It offers banking products and services, such as checking and savings accounts, and certificates of deposit; auto and personal loans, as well as motorcycle, recreational vehicle, and boat loans; credit cards; home mortgages; extended vehicle protection and car buying services; and credit monitoring and identity protection. The company also provides auto, renters, homeowners, rental property, personal property, home and property, flood, life, umbrella, small business, recreational vehicle, and other insurance products, as well ...

9800 Fredericksburg Road

San Antonio, TX 78288

United States

Founded in 1922

28,000 Employees



Key Executives for United Services Automobile Association

Chief Executive Officer, Director, Member of Executive Committee and Member of Governance Committee
Age: 54
Chief Financial Officer and Executive Vice President
Chief Operating Officer and Executive Vice President
Age: 50
Executive Vice President and Chief Executive Officer Chief of Staff
President of USAA Financial Advice & Solutions Group
Age: 50
Compensation as of Fiscal Year 2016.

United Services Automobile Association Key Developments

Fish & Richardson Wins Dismissal of Patent Infringement Case Against United Services Automobile Association over Patent for Verifying Online Transactions

Fish & Richardson announced that the Eastern District of Virginia has granted United Services Automobile Association's (USAA) motion to dismiss with prejudice a lawsuit alleging infringement of a patent for verifying online transactions using a trusted third party. In the case, Asghari-Kamrani v. USAA, Judge Robert Doumar ruled on July 5, 2016 that the Asgharis' '432 patent is invalid because it is directed to no more than an abstract idea and thus ineligible for patent protection under 35 U.S.C. § 101. In October 2015, brothers Nader and Kamran Asghari-Kamrani accused USAA of infringing their '432 patent because of the manner in which USAA members can log on to USAA's website. The Asgharis, principals of Delphinus Technology located in Centreville, Virginia, demanded an eight-figure damages award.

United Services Automobile Association Appoints Jennifer Sepull as Chief Information Officer and Senior Vice President of IT in Place of Greg Schwartz

Jennifer Sepull has joined United Services Automobile Association as chief information officer and senior vice president of IT, replacing the recently retired Greg Schwartz. Sepull joins from Kimberly-Clark Corp., where she worked as chief information officer and vice president.

United Services Automobile Association to Layoff 105 Employees in Addison

United Services Automobile Association is laying off 105 employees and shutting down its real estate fulfillment operations in Addison. In a letter filed with the Texas Workforce Commission under the Worker Adjustment and Retraining Notification Act, USAA said the employees' last official day of work will be Nov. 6, but the affected workers will considered employees through Jan. 1, 2016. The layoffs are part of USAA's effort to consolidate its real estate fulfillment operations. Eligible employees have been offered relocation packages and the chance to transfer to USAA's Phoenix or Tampa locations. Those who do not relocate or who are ineligible for the relocation package will be offered a separation package, USAA said in the letter. After the layoffs, roughly 210 financial planning and advice and mortgage underwriting employees will remain at the Addison office at 15725 N. Dallas Parkway.

Similar Private Companies By Industry

Company Name Region
212 Capital Group, LLC United States
21st Century Life and Health Company, Inc. United States
3 Mark Financial, Inc. United States
534 Las Americas, LLC United States
A and H Insurance, Inc. United States

Recent Private Companies Transactions

Private Placement
April 20, 2016
PrecisionHawk Inc.
Private Placement
November 16, 2015
Hudson Pacific Properties, L.P.
Private Placement
October 6, 2015
Robin Systems, Inc.

The information and data displayed in this profile are created and managed by Capital IQ, a Standard & Poor's company. Bloomberg.com does not create or control the content. For inquiries, please contact Capital IQ directly by clicking here.

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
Bertelsmann AG Europe
Rush University United States
Bloomberg L.P. United States

Sponsored Financial Commentaries

Sponsored Links

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact United Services Automobile Association, please visit www.usaa.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.