USAA Federal Savings Bank

Headquarters

10750 Mcdermott Fwy
San Antonio, TX 78288
See all branch locations →

ACH 314074269

Phone 800 531 8722

Notable Rates APY Vs.Others
Savings N.A. 4.08% →
1-Year CD N.A. 4.71% →
2-Year CD N.A. 4.73% →
5-Year CD N.A. 4.75% →
30-Year Mortgage 7.68% 4.91% →
15-Year Mortgage N.A. 4.39% →
HELOC N.A. 1.93% →

2022 Overview

General Bank Information

USAA Federal Savings Bank is an FDIC insured institution located in San Antonio, TX. It was founded in 1983 and has approximately $114.53 billion in assets.

FDIC Insured Yes
FDIC Certificate # 32188
Date Established 1983
Assets $ 114.53 billion
Loans $ 38.16 billion
Deposits $ 106.92 billion
Capital $ 4.19 billion
 

For a more detailed analysis of USAA Federal Savings Bank's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - December 6, 2022

Your Current Location: Virginia, VA 20146

Online Only CD Rates of USAA Federal Savings Bank

Online CD Rates APY MIN MAX
6 Mo CD 1k
0.03% $1,000 - Learn More
12 Mo CD 1K
0.03% $1,000 - Learn More
18 Mo CD
0.03% $1,000 - Learn More
24 Mo CD
0.03% $1,000 - Learn More
36 Mo CD
0.03% $1,000 - Learn More
48 Mo CD 1K
0.06% $1,000 - Learn More
60 Mo CD 1K
0.06% $1,000 - Learn More
Checking Rates APY MIN FEE
Classic Checking 0.01% $0 $0.00 Learn MoreShow Less

Bank Online Offers

 

Loan Rates - December 6, 2022

Your Current Location: Virginia, VA 20146

Auto Loan Rates APR Rate Monthly Payment
3 Year 4.44% 4.44% $743.00
4 Year 4.44% 4.44% $569.41
5 Year 4.44% 4.44% $465.39
Refinance Mortgage Rates APR Rate Monthly Payment

Monthly payments for mortgage products are based on a loan amount of $200,000. Home equity monthly payments are based on a loan amount of $50,000. Auto loan monthly payments are based on a loan amount of $25,000. Rates for each product are based on a variety of factors including credit score and loan amount. For specific requirements please check with the lender. Rates may change at any time.

Branches

USAA Federal Savings Bank branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Ashburn,Virginia


USAA Federal Savings Bank Locations



Climate Initiatives

USAA Federal Savings Bank is encouraged to provide us with this information. When we receive this information from the bank, we will provide it here.

Financial Details

USAA Federal Savings Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of USAA Federal Savings Bank. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
USAA Federal Savings Bank U.S. Bank Average
12.4% 4.06%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of June 30, 2022, USAA Federal Savings Bank had $610,000,000 in non-current loans and $2,000,000 in owned real estate. To cover these potential losses it had $4,186,000,000 in equity and $749,000,000 in loans loss reserves. That gives it a Texas Ratio of 12.4%.

Return on Equity
USAA Federal Savings Bank U.S. Bank Average
7.23% 9.98%

USAA Federal Savings Bank has a Return on Equity of 7.23% versus the BestCashCow average of 9.98%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
USAA Federal Savings Bank U.S. Bank Average
3.66% 10.23%

USAA Federal Savings Bank has a Capitalization of 3.66% versus the BestCashCow average of 10.23. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

USAA Federal Savings Bank Balance Sheet Analysis

As of June 30, 2022, USAA Federal Savings Bank had assets of $114,528,000,000, loans of $38,158,000,000, and deposits of $106,920,000,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

June 30, 2022
ASSETS
Cash & Balances due from depository institutions $ 8.45 billion
Interest-bearing balances $ 1,963.00 million
Total securities $ 64.51 billion
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 38.16 billion
Loan loss allowance $ 749.00 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 2.00 million
Goodwill and other intangibles N.A.
All other assets $ 3.39 billion
     Total Assets $ 110.34 billion
LIABILITIES
Total deposits $ 106.92 billion
      Interest-bearing deposits $ 104.26 billion
      Deposits held in domestic offices $ 106.92 billion
      % insured (estimated) 92.33%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 1,275.00 million
Subordinated debt N.A.
All other liabilities $ 2.15 billion
      Total Liabilities $ 110.34 billion
      Shareholders’ Equity $ 4.19 billion

Summary Income Statement

June 30, 2022
INCOME AND EXPENSES
Total Interest Income $ 1,997.00 million
Total Interest Expense $ 28.00 million
Net interest income $ 1,969.00 million
Provision for loan and lease losses $ 127.00 million
Total non interest income $ 1,111.00 million
Total non interest expense $ 2.87 billion
Pre-tax Net Operating Income $ 87.00 million

Bank Loan Profile?

The top three loan types in USAA Federal Savings Bank’s loan portfolio are Consumer Auto Loans, Credit Card Loans, and 1-4 Family Residential Loans.

Compared to other banks in Texas, USAA Federal Savings Bank has a significantly higher percent of Credit Card Loans, Consumer Auto Loans on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 10.07
Multifamily
Mortgages
0.00
Credit Card Loans 37.28
Consumer Auto Loans 41.69
Small Business Loans 0.00
Construction and Development Loans 0.01
Commercial Real Estate 0.00
Commercial and Industrial Loans 0.00
Farm Loans 0.00

Customer Reviews for USAA Federal Savings Bank


  • November 28, 2022 |

    While USAA was at one point a great option for all your banking needs, the service has deteriorated so much that I'm currently in the process of changing banks after more than 2 decades. The final straw was on November 23rd, 2022, the day before Thanksgiving. On the 22nd of November I deposited two checks written to me by a family member, but woke up on the 23rd to find my account was locked. I called in to see what the issue was and was told by the clerk, quite rudely, that my deposits were suspicious. While I understand the need to hold the funds at times to verify funds are available, I do not understand nor appreciate being laughed at by the bank clerk who attempted to ridicule me. After being admonished by the clerk, she said my online account would be reinstated. Of course, it was not, so I was forced to call in yet again to reinstate access to the bank through my smart phone. On Friday, the 24th of November, I called in to make a complaint about my experience. The person I spoke to this time made excuses for why the first clerk was so rude, yet didn't bother to ask who I had spoken to or when this discussion had happened.

    USAA no longer cares. I believe poor leadership from those at the top have ruined the organization. As a disabled Army veteran, I used to be able to rely on USAA to treat me with dignity and respect, but sadly this is no longer the case. It's sad, as their insurance products are wonderful, but banking here is far more trouble than it's worth.

  • August 8, 2022 |

    Left USAA after 30 years and never looked back. The rates were high and the claims problems were horrible once a major claim hit (my first and only one). Much happier since leaving USAA (and there rigid, unbendable practices) behind.

Add Your Review

Rate it here →