Wednesday, May 17, 2023

Thrivent Financial for Lutherans

 Thrivent Financial for Lutherans, trading as Thrivent (/ˈθrvɪnt/ 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]

Operating through its local chapters nationwide, Thrivent and its subsidiaries offer financial products and services including life insuranceannuitiesmutual fundsdisability 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 company was renamed as Thrivent.[5]

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