Originally Posted by
GatorHog
Do you have to be with USAA for a certain number of years before you start getting these checks and contributions from them? This is the first I've heard of these and I've been with them for over a decade.
Yes, and no. Depending on how the company does on an annual basis, and what the BOD decides to put in the Subscriber Savings Account, they will send you a Subscriber Account Bonus check, which is, for military officers (or ex-officers), 5% of the size of your SSA account.
IF you are the son or daughter of an officer, but not an officer yourself, you are entitled to the bonus check, however, it will be paid at a 3% rate. However, your offspring would not be eligible for the bonus check. It's a little confusing, as there are a number of companies within the USAA umbrella, and depending on which company you are actually doing business with, determines if you're eligible.
The Senior Bonus check, on the other hand, is paid once you reach 40 years of continuous membership.