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The United Services Automobile Association ( USAA) is an American financial services company providing insurance and banking products exclusively to members of the military, veterans and their families. [6] It was founded in 1922 in San Antonio, Texas, by a group of 25 U.S. Army officers as a mechanism for mutual self-insurance, when they were ...
Robert F. McDermott. Brigadier General Robert Francis McDermott (July 31, 1920 – August 28, 2006) was the first permanent Dean of the Faculty at the United States Air Force Academy, and later served as Chairman and CEO of USAA. He is often referred to as the "Father of Modern Military Education" for his contributions to that field.
Reciprocal inter-insurance exchange. A reciprocal inter-insurance exchange or simply a reciprocal in the United States is an unincorporated association in which subscribers exchange insurance policies to pool and spread risk. For consumers, reciprocal exchanges often offer similar policies to those offered by a stock company or a mutual ...
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He was USAA's chairman and CEO from 1993 to 2000 and continued as chairman until May 10, 2002. During Herres' tenure as chief executive officer , USAA's Internet site was launched; the SSA senior bonus was instituted to reward the loyalty of long-term members; and a formalized way for employees to capture member feedback was created so that ...
The United States of America ( USA or U.S.A. ), commonly known as the United States ( US or U.S.) or simply America, is a country primarily located in North America. It is a federation of 50 states, a federal capital district ( Washington, D.C. ), and hosts 326 Indian reservations.
History Establishment. Prior to the academy's establishment, air power advocates had been pushing for a separate Air Force Academy for decades. As early as 1918, Lieutenant Colonel A.J. Hanlon wrote, "As the Military and Naval Academies are the backbone of the Army and Navy, so must the Aeronautical Academy be the backbone of the Air Service.
Federal savings associations (also called "federal thrifts" or "federal Savings Banks"), in the United States, are institutions chartered by the Office of Thrift Supervision which is now administered by Office of the Comptroller of the Currency after the agencies merged. Institutions chartered by the OTS are still regulated according to the ...