Thrivent Financial for Lutherans
 |
|
| Predecessor | Aid Association for Lutherans, Lutheran Brotherhood |
|---|---|
| Type | Not-for-profit membership organization |
| Legal status | Fraternal Benefit Society, Not-for-profit organization (NPO) |
| Location | |
|
Members
|
Approx 2.3 Million (Dec. 31, 2015); |
|
Key people
|
Brad Hewitt, President & CEO Frank H. Moeller, Chairman of the Board |
|
Employees
|
Approx. 3,000 Financial representatives: Approx. 2,300 |
| Website | www |
Thrivent Financial (/ˈθraɪvᵻnt/ THRYV-int) is a Fortune 500 not-for-profit financial services organization headquartered in Minneapolis, Minnesota and Appleton, Wisconsin. As a member-owned fraternal benefit society, it operates under a chapter system, serving nearly 2.3 million members.
Operating through its local chapters nationwide, Thrivent Financial and its subsidiaries offer financial products and services including life insurance, annuities, mutual funds, disability income insurance, credit union products, money management, brokerage services, retirement planning and more.
In 2013, the organization and its members provided volunteer services to charitable organizations, schools, congregations and individuals in need, and contributed $182.7 million to organizations and activities that aim to strengthen families and communities. Thrivent members volunteered more than 8.6 million volunteer hours in 2013.
In June 2013, members voted to allow non-Lutheran Christians to join and in March 2014 the marketing name was shortened to Thrivent Financial.
Thrivent Financial was officially formed on January 1, 2002, with the merger of Aid Association for Lutherans (AAL) and Lutheran Brotherhood (LB), which had been established in 1902 and 1917 respectively. The merger formed the largest fraternal benefit society in the United States.
In the late 19th and early 20th century, the Lutheran Church–Missouri Synod forbade its members to join fraternal societies because these required initiation rites and secret oaths. Life insurance was also frowned upon in some quarters because Martin Luther had written against similar enterprises in his day, the practice could be considered a form of usury, and it reflected a distrust in God.
...
Wikipedia