Credit Cards Center Credit cards from our partners
Reply
Super Contributor
Posts: 6,028
Registered: ‎09-18-2007
0

Is USAA considered as Bank or CU?

Is USAA considered as Bank or CU?
Super Contributor
Posts: 5,759
Registered: ‎01-28-2008
0

Re: Is USAA considered as Bank or CU?

[ Edited ]
  It's a Federal Savings Bank.
Message Edited by DI on 11-28-2009 07:34 PM
Senior Contributor
Posts: 4,923
Registered: ‎04-19-2009
0

Re: Is USAA considered as Bank or CU?

The banking wing of USAA (the part that issues the CC's) is an FSB that is owned by a mutual insurance company that is in turn owned by its policy holders.

Super Contributor
Posts: 6,028
Registered: ‎09-18-2007
0

Re: Is USAA considered as Bank or CU?

If it is a bank then it should  be open for every one right? Why this membership business?
Super Contributor
Posts: 5,759
Registered: ‎01-28-2008
0

Re: Is USAA considered as Bank or CU?


concorduser wrote:
If it is a bank then it should  be open for every one right? Why this membership business?

Anybody can join.  But some members are restricted from certain products..  They're an FSB, but operates like a bigtime CU.  

Senior Contributor
Posts: 4,923
Registered: ‎04-19-2009
0

Re: Is USAA considered as Bank or CU?


concorduser wrote:
If it is a bank then it should  be open for every one right? Why this membership business?

 

Anyone can open a deposit account there.
Super Contributor
Posts: 6,028
Registered: ‎09-18-2007
0

Re: Is USAA considered as Bank or CU?

Few months ago, I could open only savings/checking. Not a CD. Now I am able to open the CD.

Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.

Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
† Credit cards for FICO Score ranges: The score ranges are guidelines based on internal myFICO analysis of actual applicant approvals, and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range. These ranges were not provided by any card issuer.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.