Lets see if I got this right.
USAA sold their brokerage account to Chas Schwab for several billion dollars.
Chas Schwab got millions of new accounts and billions in account dollars in exchange.
What did the USAA members whose dollars and account were transferred get.
I feel that the members who entrusted their funds to USAA should share in some way in the widfall that USAA recieved from the sale of the members assets.
Isnt that the way to do it right.
USAA forcasted that selling the so called "members" off would result in benefits for the future. Well, of course this didn't include the "members" that enabled USAA to explode to enormous size due to USAAs powerful and loyal customers. So now the party is on to spend the huge amout of money USAA banked to benefit the big guys bank accounts and to try to keep what's left at USAA looking normal for awhile. The next "member" benefit could be a complete sale of whatever is left of USAA. Stay on the lookout for slim pickings for the "members". Merry Christmas.
I even recieved $40 less than last year for my end of year distribution. No claims and no late payments, just like the past 25 years.
Not a jelly of the month club, but with the decline of customer service, it's another reminder of the decline of USAA.
Hello @Sand Afficianado, thank you for your USAA membership. We truly value your on-time payments and your clean driving history, I do certainly get your concerns about your distribution. For more information regarding distributions, please reach out to our insurance specialists at 800-531-8722 to address your account as well as answer any additional questions/concerns you may have. ~Marco
SSA, just like the military play the waiting game. i received a message last week (17th) it stated disrubution to be made mid December. ok now we wait, it's basicly past mid December so where is it? now i have a question, both of my son's are members the oldest get the SSA and when i joined i got the SSA. however my youngest has never received it. heck i don't even know how i got it, so i can't tell him. so how does he get into the SSA?