Preview

Case Study: United Services Automobile Association

Powerful Essays
Open Document
Open Document
1428 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Case Study: United Services Automobile Association
USAA.COM
COMPANY INTRODUCTION
United Services Automobile Association (USAA) provides a full range of highly competitive financial products and services to the military and their families. USAA was initially founded in 1922 by twenty-five United States military officers who decided to ensure each other’s vehicles. Since then it has grown and expanded into one of the leading financial services companies. USAA’s mission today is “to facilitate the financial security of its members, associates, and their families through provision of a full range of highly competitive financial products and services; in so doing, USAA seeks to be the provider of choice for the military community” (USAA Annual Report, 2012, p.2).
USAA is not a publically traded
…show more content…
The typical USAA member spends a portion of their life moving across the United States and world as a military member. Therefore, they need services to assist them in this process. The rental section offers home and rental searches, real estate agents finders, home equity products, and mortgages. However, above all that, they offer a Movers Advantage program which members can earn up to $3,100 cash back when buying and selling a home if they use their networking services.
Finally, the retirement planning section helps members identify their personal and financial goals in order to achieve a debt-free retirement. They offer free financial planning, IRA and rollovers, wealth management, and trust services. Whether a member is separating from the military, starting a second career, or planning for life in retirement, USAA simplifies military benefits with multiple programs on their tech-savvy website in order to help meet the member’s goals.
BUSINESS
…show more content…
USAA analyzed the usage of hundreds, if not thousands of their internal websites, and selected the top twenty for members to personalize on their homepage. For example, one tile can be a comprehensive account summary while another tile on the homepage could be a status of their current monthly budget plan. Furthermore, another tile could be the current market quotes and a fourth tile allows the member to view their current retirement plan or web bill pay. This is another innovative method which realizes USAA’s strategic goals; however, it also is a classic example of managing the users clicking and browsing

You May Also Find These Documents Helpful

  • Better Essays

    The cliental the business has gained from the military families has continued to be loyal customers in different states. This has allowed the business to do taxes and provide other services. This has identified a great need for the business to expand into the online environments:…

    • 1103 Words
    • 5 Pages
    Better Essays
  • Satisfactory Essays

    Anheuser-Busch is America’s most popular brewery. At Anheuser-Busch we only accept excellence in the products we make and excellence in the people that help make them. With 46.4% market share in the U.S., we pride ourselves on the ability to take only the finest ingredients and produce world-class beer. Anheuser-Busch has strong brand awareness and loyal consumers. With that said, we face the challenge of potential loss in market share due to an increase in craft breweries and changes in our consumers taste.…

    • 235 Words
    • 1 Page
    Satisfactory Essays
  • Better Essays

    Usaa Case Analysis

    • 1000 Words
    • 4 Pages

    USAA is considered a financial institution for military personnel. They offer their members not only insurance products but also financial services (such as loans, credit cards, investment advice). Just as a financial institution the downturn in the Texas economy affected the value of some of its investments, particularly real estate[2]. The company’s vision is to offer its members by the year 2000 insurance products, asset management (financial services products) and quality of life (e.g., a retirement community and travel services)[3].…

    • 1000 Words
    • 4 Pages
    Better Essays
  • Good Essays

    Swot Analysis for Usaa

    • 632 Words
    • 3 Pages

    USAA Savings Bank has been around for a long time believe it or not. In 1922 USAA was originally founded in San Antonio, Texas when 25 Army officers decided to come together and insure each other’s automobiles. William Garrison was USAA’s first elected president. Shortly after that USAA’s first employee was Harold Dunton, who was hired as a general manager. Major Walter Moore purchased the first automobile insurance policy for $114.74 and became USAA’s first member. Two years later in 1924 USAA printed their first credo. The company motto was “Service to the Services.” 1928 was the year that USAA started advertising 8,000 active component service members among 38,000 possible. In 1929 things started turning for the worse, as the stock market crashed and the Great Depression followed shortly after. By the end of the 1920’s USAA earned a net profit of $144,000 before dividends. From 1930’s on up USAA has been incredibly successful. 1931-1940 USAA’s employee population grows even through the Great Depression. Employee numbers sky rocketed and doubled, from 46 to 99. The company’s membership doubles from 15,000 to 30,000, despite the ongoing tough economic times. 1932 the first Annual Report to its members was established and published. A year later USAA exceeds minimum reserve holdings mandated by the Texas Board of Insurance Commissioners and returns $230,000 to members. In 1934 Stuart Gwyn is the first woman to join USAA’s management team. USAA graduated to having 60% of all eligible U.S. military officers become members in 1936 while also being able to end the decade with a net profit of $643,000 before dividends.…

    • 632 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    Case Study: Wefinancecars

    • 314 Words
    • 2 Pages

    WeFinanceCars comes with the best financing scheme for buyers who think that they will be able to clear their loans before the agreed upon terms. If a buyer has applied for a car financing scheme with us, with the repayment agreement of 5 years and believe to clear it in less than 5 years, they don’t need to pay early settlement fee, hence will be able to save a decent amount of money.…

    • 314 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Usaa Company Analysis

    • 1167 Words
    • 5 Pages

    “USAA 's mission is to facilitate the financial security of its members, associates, and their families through provision of a full range of highly competitive financial products and services; in so doing, USAA seeks to be the provider of choice for the military community,” (usaa.com). This mission statement from USAA’s website shows that the company has established its target market, segmenting it into the realm of military personnel and their families. Their main business strategy in attracting customers and beating out the competition for those customers is not only offering a wide array of financial and insurance services, but also by doing so at reasonable costs, rates, and carrying operations out with superior customer service. As a USAA customer having dealt with their top competitors also, I know firsthand that they initially attract customers by internet and television advertising mostly, and achieve customer loyalty…

    • 1167 Words
    • 5 Pages
    Good Essays
  • Good Essays

    USAA offers more benefits for military members and their family members than any other major financial service provider. And since USAA was founded by military members for military members their products and services are tailored with understanding of their unique needs. USAA offers a full range of highly competitive financial products including insurance, banking, investments, retirement planning and real estate. Members also have access to many tools and services provided to them free of charge through USAA such as a financial assessment, financial planning advice and guidance, and USAA Money Manager which helps to manage your budget and spending (Corporate Overview).…

    • 1380 Words
    • 6 Pages
    Good Essays
  • Good Essays

    Employ IT to improve services (1969, purchased multicar policy processing system that reduced the number of individual policies, a new all-lines billing system was installed that replaced three separate customer billing systems, then in 1976, the Automobile Issue and Maintenance System automated most of the processing for the vehicles insurance business, and in 1979, an Automatic Claims Environment streamedlined the work of claims adjusters).…

    • 588 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    After reviewing Ford Motor supply chain, we became aware of its very complex nature. Due to this complexity we are forced to search for alternatives to overcome the costly supply chain challenges faced by our industry both now and in the future. The present system has an inefficient control of a large database and a vast and complex network of suppliers.…

    • 1771 Words
    • 8 Pages
    Powerful Essays
  • Good Essays

    UnitedHealth Group is an American diversified managed health care company based in Minnetonka. In 2011, J.D Power and Associate gave UnitedHealthcare the highest employer satisfaction rating for self-insured health plans. I have lots of friends use UnitedHealthcare plan and they said it is the best health plan provider. Thus, I think UnitedHealthcare addresses the core needs to be proposed by Maslow.…

    • 657 Words
    • 3 Pages
    Good Essays
  • Better Essays

    Tricare Essay

    • 1068 Words
    • 5 Pages

    There are different plans with this program. They are called TRICARE Prime, Standard and Global Remote Overseas. Also, a Medicare program is available for retired military personnel, which is called TRICARE for Life. Each plan has different benefits and eligibility requirements.…

    • 1068 Words
    • 5 Pages
    Better Essays
  • Better Essays

    With health care insurance being the most popular business in the United States UnitedHealth Group now faces federal investigation for compensating Chief Executive Officer (CEO) William McGuire with option profits profiting $1.6 billion. Many other chief executives are questioning if this types of practice in legal, while others are say that the boards of directors of UnitedHealth Group are too easy at the same time generous.…

    • 1344 Words
    • 6 Pages
    Better Essays
  • Good Essays

    Veterans Affairs

    • 864 Words
    • 4 Pages

    The U.S Department Veteran’s Affairs (VA) provides a wide range of benefits for our service members, veterans and their families. Some of these benefits include but are not limited to include compensation, disability, education, and home loans. Throughout this paper I will discuss these benefits and the eligibility required to receive them. Eligibility for most VA benefits is based on type of discharge received through the military which is normally all discharges under other than dishonorable conditions.…

    • 864 Words
    • 4 Pages
    Good Essays
  • Good Essays

    Active Duty and Guard and Reserve service members are automatically enrolled in TRICARE Prime. However military dependents and retirees must choose the TRICARE option that best suits their needs. One of the most important benefits of TRICARE is guaranteed insurance at a low premium. More benefits associated with TRICARE includes a broad choice of care providers, no enrollment fee, wide availability and the option of using the TRICARE Extra program, which allows the insured to select any physician, in or out of network. TRICARE also offers the services of military health care and provides supplemental services from civilian health care networks and…

    • 543 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    The Bank of America Corp dominates the market in the United States and also uses different strategies to gain a competitive advantage over it competitors globally. According to Bank of America homepage they are available in about 32 states in the United States, the District of Columbia and more than 30 foreign countries as well. They were also ranked number one small business administration lender in the US in 2007. Bank of America has relationships with just about all the Fortune 500 companies and over three quarters of the U.S. Fortune Global 500 companies as well. Another strength for Bank of America corporation is a strong financial sheets has made it possible for them grow bigger if they so desire. Bank of America Corporation has a wide range of diverse banking products and services for their customers.…

    • 2218 Words
    • 9 Pages
    Powerful Essays