Made of faces?
UCS > Face
Try that one.
I don't know what you're using the text for, but if it's for rendering, you're not going to see it at all. You'll see the filled areas in letters that have a closed loop (Like O,R,D,A,Q,B, etc) but the text does not render. If that's what it's for, I can give further suggestions for what I'd do.
If it's just for a 2d or hidden view in a viewport then it'll work. You're right, you have to have your UCS set proper. The text will always be placed at Z=0 when you first create it, normally. So if you move your UCS to the face, it'll work. I'd pursue trying to set your UCS better.
Also, I often use UCS > ZAxis to set my UCS, and then rotate it as needed if the X and Y don't come up in the right direction. They normally come out in 90degree increments off, if they are off, though, so it makes it easy. Of course it could be a bit weird if you have oddly aligned tesselated faces.