No News is Bad News. Join the SA Current Press Club.

Monday, August 24, 2020

San Antonio-Based Banking Giant USAA to Make $30M Donation to Military Family Relief Programs

Posted By on Mon, Aug 24, 2020 at 11:01 AM

click to enlarge TWITTER / USAA
  • Twitter / USAA
San Antonio-based financial services giant USAA will make a $30 million donation — the largest in its history — to benefit military families struggling during the COVID-19 pandemic.

The donation, announced Friday, will be parceled out to 24 organizations that assist with financial emergencies, virtual schooling costs and college educational expenses via emergency grants and no-interest loans.

“Caring for military families is our passion, whether it’s through serving our members or supporting military-related causes,” USAA President and CEO Wayne Peacock said in a release. “We hope this contribution provides vital, long-lasting support to the military community at a time when they are essential to our nation’s recovery efforts.”

Recipients of the grants and loans will include U.S. military aid organizations such as the Navy-Marine Corps Relief Society, Air Force Aid Society and the American Red Cross Service to the Armed Forces.

Stay on top of San Antonio news and views. Sign up for our Weekly Headlines Newsletter.

Tags: , , , , , , , , , , , , , ,

San Antonio Current works for you, and your support is essential.

Our small but mighty local team works tirelessly to bring you high-quality, uncensored news and cultural coverage of San Antonio and beyond.

Unlike many newspapers, ours is free – and we'd like to keep it that way, because we believe, now more than ever, everyone deserves access to accurate, independent coverage of their community.

Whether it's a one-time acknowledgement of this article or an ongoing pledge, your support helps keep San Antonio's true free press free.

Read the Digital Print Issue

September 23, 2020

View more issues


Never miss a beat

Sign Up Now

Subscribe now to get the latest news delivered right to your inbox.


© 2020 San Antonio Current

Website powered by Foundation