Why is USAA moving to Schwab?

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Nearly 400 former USAA employees have joined Schwab to support the one million plus new accounts with continued high-caliber service and to help transitioning members feel confident about their accounts moving to Schwab. May 26, 2020

Why did Schwab sell USAA?

“Schwab approaches every decision ‘through clients’ eyes’ and offers a wide selection of investment products and services for some of the lowest costs in the industry.” The sale is part of USAA’s strategy to simplify its business and focus on its core products and services in insurance and banking. May 26, 2020

Can federal employees join USAA?

Do federal employees qualify for USAA? Unfortunately, not all federal employees qualify for USAA auto insurance coverage. Currently, USAA is only available to retired or active members of the United States Armed Forces and their immediate family members. Jul 19, 2021