USAA Named a Best Employer by LATINA Style for the Fourth Time

SAN ANTONIO--Aug. 3, 20040, 2004--For the fourth consecutive year, USAA has been named to the "LATINA Style 50" list of the best employers for Hispanic females. The annual list is considered to be the most respected evaluation of corporate America's policies and practices pertaining to Hispanic working women.

Hispanic females make up 21 percent of USAA's 21,000-employee workforce. Nationally, there are 6.8 million Hispanic women working in the United States, which represents about 4.7 percent of the total U.S. workforce, according to the U.S. Department of Labor Statistics.

At USAA, Latina women hold positions throughout the company, in USAA Property and Casualty Group, USAA Life Insurance, USAA Investment Management Company, USAA Federal Savings Bank, Marketing, Corporate Communications, Community Relations, and Human Resources.

"USAA's success depends on its ability to attract, develop, and retain a team that is rich in diversity," said Bob Davis, chairman and chief executive officer of USAA. "To receive national recognition from a publication of LATINA Style's stature affirms our practice of creating opportunities for every employee."

Rosemary Elizalde, Senior Vice President and Senior Financial Officer for USAA Federal Savings Bank, added that the LATINA Style 50 award is representative of USAA's dedication to creating a diverse and productive workplace: "The foundation of USAA's culture lies in employees with diverse backgrounds, all working toward the same goal -- serving our members."

LATINA Style evaluated more than 600 major U.S. companies on mentoring programs, educational opportunities, dependent/child development support, maternity leave, alternative work policies, other employee benefits and Hispanic relations.

"The 2004 LATINA Style 50 award winners are companies that take diversity in the workplace seriously. They develop opportunities for Latinas at all levels of the organization, said Robert Bard, president and publisher at LATINA Style Magazine. "USAA is a company that has a long history of cultivating an environment where all employees -- including Latinas -- can prosper. This is demonstrated by their continued presence on our list."

With a national circulation of over 150,000 and a readership exceeding 600,000, LATINA Style magazine reaches the U.S. Latina with all the information needed to succeed. The culturally sensitive editorial environment enables the magazine to showcase Latina achievements in the areas of business, science, civic affairs, education, entertainment, sports, the arts, and Latinas' proud cultural traditions.

USAA is a highly competitive financial services company known for its financial strength and outstanding service to its members. USAA owns or manages assets of $79 billion, and provides insurance, banking, and investment products to more than 5.1 million members of the U.S. military and their families. Founded in 1922, USAA has 21,000 employees in its San Antonio headquarters and regional offices, and is widely recognized as one of the best places to work in America.