This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

USAA Relaxes Eligibility Requirements

USAA, which provides financial services to military personnel, has expanded eligibility requirements to allow another 3 million Americans to gain access to its insurance and banking products.

The member-owned group said Monday that it will now allow all retirees, service members who were discharged after 1995 and their immediate families to join. Widows of those killed in action, as well as spouses and children of any USAA member, are also eligible.

USAA is also offering its life, investment and retirement products to members' extended families who are not eligible for USAA membership.

The move comes as USAA has strengthened its finances and improved operational capacity. President and CEO Joe Robles says the group is now "stronger than at any time in our 86-year history." The group noted that its products may be especially important as economic headwinds cause banks to raise fees and interest rates on loans, while offering lower returns on investment products.

USAA offers insurance, bank accounts, CDs, mortgages, credit cards, investment products and financial counseling to its members. Many of its products have competitive rates, because unlike other financial-services firms, it is member-owned and shares profits with customers through rebates, refunds and dividends.

The group started as an officer-only association in 1922 before opening to all enlisted personnel in 1996. It now serves 6.4 million Americans.

Active duty, retirees and those honorably separated from service after 1995 in the U.S. Army, Air Force, Navy, Marine Corps and Coast Guard, as well as those in the Selected Reserve or National Guard, are eligible for membership.

Cadets, midshipmen, officers or warrant officer candidates in government-sponsored programs are also eligible, as are family members, adult children, widows, widowers and former spouses who have not remarried.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $93.74 -1.15%
FB $117.58 0.73%
GOOG $693.01 0.29%
TSLA $240.76 -2.81%
YHOO $36.60 0.03%


Chart of I:DJI
DOW 17,773.64 -57.12 -0.32%
S&P 500 2,065.30 -10.51 -0.51%
NASDAQ 4,775.3580 -29.9330 -0.62%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs