Read a letter below from Wayne Peacock:
Taking care of military families is what USAA does, and that extends beyond the service we provide. It also drives how we support the community.
COVID‐19 is threatening our country’s health, economy and social stability. We know that military families, in particular, are facing urgent and unique challenges.
To support the military community and help mitigate the pandemic’s impacts, USAA is donating $30 million to two dozen nonprofit organizations to offer relief and support. The Military Family Relief Initiative will help military aid organizations provide zero‐interest loans and emergency grants to eligible service members, guardsmen, reservists and their families. The funding also will enhance veteran and spouse employment prospects and military family support efforts. This includes augmenting child‐care costs for essential personnel; supporting virtual delivery of education, including online resources and content for parents; and emotional support for children.
Our goal is for this contribution to give military aid organizations a lasting benefit. As interest‐free loans are repaid, the funds can help new recipients well into the future.
This donation represents the largest one‐time philanthropic contribution from USAA in our nearly 100‐year history. We also hope our efforts can drive a national dialogue about the financial challenges of military life.
Here are three ways you can participate with us:
Apply if you think your family would benefit from financial support via the military aid societies.
Give if you want to join us in aiding military families.
Share your story to help others build financial resilience.
It is an honor to serve military families like you. Thank you for being a part of our enduring association.
President and Chief Executive Officer