Dear USAA Social Services,
Recently (September 7, 2022), a USAA press release stated that, "Tara Leweling, who joined the company earlier this year to lead environmental, social and governance (ESG), will serve in an expanded role as vice president and chief diversity and sustainability officer." The fact that USAA has elevated their ESG person to vice-presidential status concerns me, and undoubtedly many, many other members. I suspect that a substantial portion of USAA's membership disagree with the particular politics behind the recent "woke" push for ESG investing considerations.
Please let us know if USAA is investing any of its members' deposits and financial holdings in ESG financial vehicles. You know, so that your millions of military-affiliated members can make informed decisions about where to put, and who to trust, with their hard-earned money. It's established fact that ESG investments as a class return demonstrably lower returns than non-ESG products. Perhaps that's why USAA is currently paying a small fraction of the interest that other financial institutions currently are. Perhaps Ms. Leweling can release a statement explaining if and why this may be the case ... you know, like a financial company with transparent motives might release to its stakeholders.
Regardless, you can tell us the answer here. We need to know. We have a right to know.
Thanks, and I look forward to your reply.
