Exhibit 33.1



Report on Assessment of Compliance with Applicable
Servicing Criteria for Asset-Backed 
Securities of USAA Federal Savings Bank



|1. | USAA Federal Savings
    Bank (The Bank) is responsible for assessing compliance with the servicing criteria applicable to it under paragraph (d) of
    Item 1122 of Regulation AB, as of December 31, 2014 and for the period from January 1, 2014 through December 31, 2014 (the
    Reporting Period), as set forth in Appendix A hereto. The transactions covered by this report include asset-backed securities
    transactions for which the Bank acted as servicer involving retail auto loans (the Platform). See Appendix B for the asset
    backed transactions covered by this platform;
|-- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       
|2. | The Bank has engaged certain vendors,
    which are not servicers as defined in Item 1101 (j) of Regulation AB (the Vendors), to perform specific, limited or scripted
    activities, and the Bank elects to take responsibility for assessing compliance with the servicing criteria or portion of
    the servicing criteria applicable to such Vendors’ activates as set form in Appendix A hereto;                                                                                                                                                                                               
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       
|3. | Except as set forth in paragraph
    4 below, the Bank used the criteria set forth in paragraph (d) of Item 1122 of Regulation AB to assess the compliance with
    the applicable servicing criteria;                                                                                                                                                                                                                                                                                                                                                                                                
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       
|4. | The criteria listed in the column
    titled “Inapplicable Servicing Criteria” on Appendix A hereto are inapplicable to the Bank based on the activities
    it performs, directly or through its Vendors, with respect to the Platform;                                                                                                                                                                                                                                                                                                                                                              
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       
|5. | The Bank has complied, in all material
    respects, with the applicable servicing criteria as of December 31, 2014 and for the Reporting Period with respect to the
    Platform taken as a whole;                                                                                                                                                                                                                                                                                                                                                                                                   
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       
|6. | The Bank has not identified and is
    not aware of any material instance of noncompliance by the Vendors with the applicable servicing criteria as of December 31,
    2014 and for the Reporting Period with respect to the Platform taken as a whole;                                                                                                                                                                                                                                                                                                                                              
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       
|7. | The Bank has not identified any material
    deficiency in its policies and procedures to monitor the compliance by the Vendors with the applicable servicing criteria
    as of December 31, 2014 and for the Reporting Period with respect to the Platform taken as a whole; and                                                                                                                                                                                                                                                                                                                    
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       
|8. | Ernst & Young LLP, an independent
    registered public accounting firm, has issued an attestation report for the Platform on the Bank’s assessment of compliance
    with the applicable servicing criteria for the Reporting Period.                                                                                                                                                                                                                                                                                                                                                                







| | USAA FEDERAL SAVINGS BANK |                                 
| | ------------------------- | --------------------------------
| |                           |                                 
| | By:                       | /s/ Usama F. Ashraf             
| |                           | Name:  Usama F. Ashraf          
| |                           | Title: Vice President, Treasurer



March 27, 2015







APPENDIX A



|Servicing Criteria |  | ApplicableServicing Criteria                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |  | INAPPLICABLEServicingCriteria
|------------------ |  | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |  | -----------------------------
|Reference          |  | Criteria                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |  | PerformedDirectlybyTHE BANK  
|                   |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |  |                              
|                   |  | General Servicing Considerations                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |  |                              
|                   |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |  |                              
|1122(d)(1)(i)      |  | Policies and procedures are instituted to monitor
    any performance or other triggers and events of default in accordance with the transaction agreements.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |  | X                            
|                   |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |  |                              
|1122(d)(1)(ii)     |  | If any material servicing activities are outsourced
    to third parties, policies and procedures are instituted to monitor the third party’s performance and compliance with
    such servicing activities.                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |  | X                            
|                   |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |  |                              
|1122(d)(1)(iii)    |  | Any requirements in the transaction agreements
    to maintain a back-up servicer for the [pool assets] are maintained.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |  |                              
|                   |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |  |                              
|1122(d)(1)(iv)     |  | A fidelity bond and errors and omissions policy
    is in effect on the party participating in the servicing function throughout the reporting period in the amount of coverage
    required by and otherwise in accordance with the terms of the transaction agreements.                                                                                                                                                                                                                                                                                                                                                                                                       |  | X                            
|                   |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |  |                              
|                   |  | Cash Collection and Administration                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |  |                              
|                   |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |  |                              
|1122(d)(2)(i)      |  | Payments on [pool assets] are deposited into
    the appropriate custodial bank accounts and related bank clearing accounts no more than two business days following receipt,
    or such other number of days specified in the transaction agreements.                                                                                                                                                                                                                                                                                                                                                                                                                         |  | X                            
|                   |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |  |                              
|1122(d)(2)(ii)     |  | Disbursements made via wire transfer on behalf
    of an obligor or to an investor are made only by authorized personnel.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |  |                              
|                   |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |  |                              
|1122(d)(2)(iii)    |  | Advances of funds or guarantees regarding collections,
    cash flows or distributions, and any interest or other fees charged for such advances, are made, reviewed and approved as
    specified in the transaction agreements.                                                                                                                                                                                                                                                                                                                                                                                                                                               |  | X                            
|                   |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |  |                              
|1122(d)(2)(iv)     |  | The related accounts for the transaction, such
    as cash reserve accounts or accounts established as a form of overcollateralization, are separately maintained (e.g., with
    respect to commingling of cash) as set forth in the transaction agreements.                                                                                                                                                                                                                                                                                                                                                                                                                   |  |                              
|                   |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |  |                              
|1122(d)(2)(v)      |  | Each custodial account is maintained at a federally
    insured depository institution as set forth in the transaction agreements. For purposes of this criterion, “federally
    insured depository institution” with respect to a foreign financial institution means a foreign financial institution
    that meets the requirements of Rule 13k-1(b)(1) of the Securities Exchange Act.                                                                                                                                                                                                                                                                                     |  |                              
|                   |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |  |                              
|1122(d)(2)(vi)     |  | Unissued checks are safeguarded so as to prevent
    unauthorized access.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |  |                              
|                   |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |  |                              
|1122(d)(2)(vii)    |  | Reconciliations are prepared on a monthly basis for all asset-backed
    securities related bank accounts, including custodial accounts and related bank clearing accounts. These reconciliations are
    (A) mathematically accurate; (B) prepared within 30 calendar days after the bank statement cutoff date, or such other number
    of days specified in the transaction agreements; (C) reviewed and approved by someone other than the person who prepared the
    reconciliation; and (D) contain explanations for reconciling items. These reconciling items are resolved within 90 calendar
    days of their original identification, or such other number of days |  | X                            







|Servicing Criteria |  | ApplicableServicing Criteria                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |  | INAPPLICABLEServicingCriteria
|------------------ |  | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |  | -----------------------------
|Reference          |  | Criteria                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |  | PerformedDirectlybyTHE BANK  
|                   |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |  |                              
|                   |  | specified in the transaction agreements.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |  |                              
|                   |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |  |                              
|                   |  | Investor Remittances and Reporting                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |  |                              
|                   |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |  |                              
|1122(d)(3)(i)      |  | Reports to investors, including those to be filed with the Commission, are maintained in accordance
    with the transaction agreements and applicable Commission requirements. Specifically, such reports (A) are prepared in accordance
    with timeframes and other terms set forth in the transaction agreements; (B) provide information calculated in accordance
    with the terms specified in the transaction agreements; (C) are filed with the Commission as required by its rules and regulations;
    and (D) agree with investors’ or the trustee’s records as to the total unpaid principal balance and number of
    [pool assets] serviced by the Servicer. |  | X                            
|                   |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |  |                              
|1122(d)(3)(ii)     |  | Amounts due to investors are allocated and remitted in accordance with timeframes, distribution
    priority and other terms set forth in the transaction agreements.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |  | X1                           
|                   |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |  |                              
|1122(d)(3)(iii)    |  | Disbursements made to an investor are posted within two business days to the Servicer’s investor
    records, or such other number of days specified in the transaction agreements.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |  |                              
|                   |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |  |                              
|1122(d)(3)(iv)     |  | Amounts remitted to investors per the investor reports agree with cancelled checks, or other form
    of payment, or custodial bank statements.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |  |                              
|                   |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |  |                              
|                   |  | Pool Asset Administration                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |  |                              
|                   |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |  |                              
|1122(d)(4)(i)      |  | Collateral or security on [pool assets] is maintained as required by the transaction agreements
    or related pool asset documents.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |  |                              
|                   |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |  |                              
|1122(d)(4)(ii)     |  | [pool asset] and related documents are safeguarded as required by the transaction agreements                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |  |                              
|                   |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |  |                              
|1122(d)(4)(iii)    |  | Any additions, removals or substitutions to the asset pool are made, reviewed and approved in accordance
    with any conditions or requirements in the transaction agreements.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |  | X                            
|                   |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |  |                              
|1122(d)(4)(iv)     |  | Payments on [pool assets], including any payoffs, made in accordance with the related [pool asset]
    documents are posted to the Servicer’s obligor records maintained no more than two business days after receipt, or such
    other number of days specified in the transaction agreements, and allocated to principal, interest or other items (e.g., escrow)
    in accordance with the related [pool asset] documents.                                                                                                                                                                                                                                                |  | X                            








1 The Bank is responsible for
transferring allocated amounts to be remitted to the third party specified in the transaction documents. The third party
specified in the transaction documents remits amounts to individual investors.







|Servicing Criteria |  | ApplicableServicing Criteria                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |  | INAPPLICABLEServicingCriteria
|------------------ |  | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |  | -----------------------------
|Reference          |  | Criteria                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |  | PerformedDirectlybyTHE BANK  
|                   |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |  |                              
|1122(d)(4)(v)      |  | The Servicer’s records regarding the [pool assets] agree with the Servicer’s records
    with respect to an obligor’s unpaid principal balance.                                                                                                                                                                                                                                                                                                                                                                                                                                                             |  | X                            
|                   |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |  |                              
|1122(d)(4)(vi)     |  | Changes with respect to the terms or status of an obligor’s
    [pool assets] (e.g., loan modifications or re-agings) are made, reviewed and approved by authorized personnel in accordance
    with the transaction agreements and related pool asset documents.                                                                                                                                                                                                                                                                                                                                           |  | X                            
|                   |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |  |                              
|1122(d)(4)(vii)    |  | Loss mitigation or recovery actions (e.g., forbearance plans, modifications and deeds in lieu of
    foreclosure, foreclosures and repossessions, as applicable) are initiated, conducted and concluded in accordance with the
    timeframes or other requirements established by the transaction agreements.                                                                                                                                                                                                                                                                                              |  | X                            
|                   |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |  |                              
|1122(d)(4)(viii)   |  | Records documenting collection efforts are maintained during the period a [pool asset] is delinquent
    in accordance with the transaction agreements. Such records are maintained on at least a monthly basis, or such other period
    specified in the transaction agreements, and describe the entity’s activities in monitoring delinquent [pool assets]
    including, for example, phone calls, letters and payment rescheduling plans in cases where delinquency is deemed temporary
    (e.g., illness or unemployment).                                                                          |  | X                            
|                   |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |  |                              
|1122(d)(4)(ix)     |  | Adjustments to interest rates or rates of return for [pool assets] with variable rates are computed
    based on the related [pool asset] documents.                                                                                                                                                                                                                                                                                                                                                                                                                                                        |  |                              
|                   |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |  |                              
|1122(d)(4)(x)      |  | Regarding any funds held in trust for an obligor (such as escrow accounts): (A) such funds are
    analyzed, in accordance with the obligor’s [pool asset] documents, on at least an annual basis, or such other period
    specified in the transaction agreements; (B) interest on such funds is paid, or credited, to obligors in accordance with applicable
    [pool asset] documents and state laws; and (C) such funds are returned to the obligor within 30 calendar days of full repayment
    of the related [pool assets], or such other number of days specified in the transaction agreements. |  |                              
|                   |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |  |                              
|1122(d)(4)(xi)     |  | Payments made on behalf of an obligor (such as tax or insurance payments) are made on or before
    the related penalty or expiration dates, as indicated on the appropriate bills or notices for such payments, provided that
    such support has been received by the Servicer at least 30 calendar days prior to these dates, or such other number of days
    specified in the transaction agreements.                                                                                                                                                                                                 |  |                              
|                   |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |  |                              
|1122(d)(4)(xii)    |  | Any late payment penalties in connection with any payment to be made on behalf of an obligor are
    paid from the Servicer’s funds and not charged to the obligor, unless the late payment was due to the obligor’s
    error or omission.                                                                                                                                                                                                                                                                                                                                                                 |  |                              
|                   |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |  |                              
|1122(d)(4)(xiii)   |  | Disbursements made on behalf of an obligor are posted within two business days to the obligor’s
    records maintained by the Servicer, or such other number of days specified in the transaction agreements.                                                                                                                                                                                                                                                                                                                                                                                               |  |                              
|                   |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |  |                              
|1122(d)(4)(xiv)    |  | Delinquencies, charge-offs and uncollectible accounts are recognized and recorded in accordance
    with the transaction agreements.                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |  | X                            
|                   |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |  |                              
|1122(d)(4)(xv)     |  | Any external enhancement or other support, identified in Item 1114(a)(1) through (3) or Item 1115
    of Regulation AB, is maintained as set forth in the transaction agreements.                                                                                                                                                                                                                                                                                                                                                                                                                           |  |                              







APPENDIXB



|1) | USAA Auto Owner Trust 2012-1
|-- | ----------------------------
|   |                             
|2) | USAA Auto Owner Trust 2014-1