USAA bumps minimum wage up to $21 per hour

SAN ANTONIO (KTSA News) — A San Antonio based financial institution is sweetening the deal for current and potential new employees.

USAA says they are increasing their minimum hourly wage from $16 to $21.

That’s nearly $44,000 annually but when benefits including annual compensation packages, holiday bonuses, 401k match and pension, that brings the annual pay to more than $53,000.

The increase kicked in this week.

“USAA’s employees are the heart of our association and providing a competitive pay and benefits package is one way we reward them for providing exceptional service to military members and their families,” said Wayne Peacock, President and CEO of USAA. “Increasing our minimum pay and enhancing our already comprehensive benefits package helps ensure we’re being responsive to our employees’ needs and dynamically changing market conditions.”

USAA has also hung out the “Now Hiring” sign. They have plans to fill 2,600 positions by the end of the year.

Not all of those openings are in San Antonio. Some are spread out to campuses in Phoenix, Tampa, Colorado Springs and Dallas.

The openings and applications are at

More about: