San Antonio-based USAA was founded in 1922 by a group of Army officers who decided to self-insure each other, forming the United States Army Automobile Association. In 1923, the company began to extend eligibility to the other branches of the armed services, and was renamed United Services Automobile Association (USAA) the following year. By 2009, eligibility had been extended to include all who are serving or have honorably served in the U.S. military.

The $30 billion company, which is a member of the Fortune 100, provides a full range of financial products and services, including banking, insurance and investment services, to its 12.4 million members. It has more than 33,000 employees globally and 12 campuses in six cities nationwide.