Thrivent Financial for Lutherans
Member-owned provider of insurance and other financial services
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Thrivent Financial for Lutherans (marketing name Thrivent) (/ˈθraɪvɪnt/ THRYVE-int), is an American Fortune 500[1] not-for-profit financial services organization headquartered in Minneapolis, Minnesota, and Appleton, Wisconsin, and founded by Lutherans. As a member-owned fraternal benefit society, it operates under a chapter system, serving nearly 2.3 million members.[2]
 | |
| Predecessor | Aid Association for Lutherans Lutheran Brotherhood |
|---|---|
| Formation | January 1, 2002 (2002-01-01) |
| Type | Not-for-profit membership organization |
| Legal status | Fraternal benefit society Not-for-profit organization |
| Location | |
Area served | Global |
| Services | Financial services |
Members | Approx 2.3 million (Dec. 31, 2015); |
Key people | Teresa Rasmussen, president & CEO Bonnie Raquet, chair of the board |
Employees | Approx. 3,000 Financial representatives: Approx. 2,300 |
| Website | Thrivent.com |
Formerly called | Thrivent Financial for Lutherans (2002-2014) Thrivent Financial (2014-2020) |
Operating through its local chapters nationwide, Thrivent and its subsidiaries offer financial products and services including life insurance, annuities, mutual funds, disability income insurance, credit union products, money management, brokerage services, and retirement planning.
The organization and its members provide volunteer services to charitable organizations and schools. For example, Thrivent members reportedly volunteered more than 8.6 million hours in 2013 and contributed $182.7 million in that year to organizations and activities that aim to strengthen families and communities.[3]
In June 2013, members voted to allow non-Lutheran Christians to join, and as a result in March 2014 the marketing name for Thrivent Financial for Lutherans was shortened to Thrivent Financial.[4] In the summer of 2020, the marketing name was changed to Thrivent.[5]
- ^ "Thrivent Financial for Lutherans". Fortune. Retrieved December 13, 2018.
- ^ About Thrivent
- ^ "News Release" (Press release). Thrivent. March 3, 2014. Retrieved June 16, 2014.[dead link]
- ^ "Heritage". Thrivent Financial. Archived from the original on July 14, 2014. Retrieved June 13, 2014.
- "Thrivent Financial quietly expands beyond Christians". Investment News. August 23, 2017. Retrieved March 25, 2020. - ^ Lee, Schafer (August 8, 2020). "How Thrivent is gently raising its distinctive profile in a moment of change". Star Tribune. Retrieved August 15, 2020.