Thrivent Financial is a non-profit, faith-based financial planning and banking company. Their Roseville office is along Snelling Ave north of County Road C. They offer annuities, banking services (checking accounts, mortages, savings accounts, etc.), IRAs and insurance. Thrivent Financial for Lutherans is a Fortune 500 financial services organization with dual corporate headquarters based in Minneapolis, MN and Appleton, WI. Thrivent Financial and its subsidiaries offer financial products and services including life insurance, annuities, mutual funds, disability income insurance, bank products and more to its nearly 3 million members. It is a not-for-profit.
3,000Financial representatives: Approx. 2,300WebsiteThrivent Financial ( ) is a not-for-profit financial services organization headquartered in, and, and founded.
As a member-owned, 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, 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 to join and in March 2014 the marketing name was shortened from 'Thrivent Financial for Lutherans' to 'Thrivent Financial.' By the end of 2014, Thrivent made the step toward expanding their target market beyond Lutheran and include United States' 200 million Christians.
Head Office of the Aid Association for Lutherans, circa 1930-1945. History In the late 19th and early 20th century, the 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 had written against similar enterprises in his day, the practice could be considered a form of, and it reflected a distrust in.In 1899, Albert Voecks, a member of in, broached the idea of creating an insurance society for Lutherans to fellow church members Gottlieb Ziegler and William Zuehlke. They each gave $13 to the fund, and found several hundred others willing to contribute $5 each. In 1902 the founders of the society recruited the 500 applicants necessary to receive a charter from the State of Wisconsin for their group.
It was chartered on November 24, 1902, as the Aid Association for Lutherans in Wisconsin and Other States.Like most fraternal benefit societies of the time, the AAL operated on the unsound graded assessment system. In 1905, it began a move to the legal reserve system, a transformation that was completed in 1911. 1905 was also the year women were admitted as members. Most of the early business was conducted in German, until this was discontinued in 1927.Membership was open only to members of the Missouri Synod and other Lutherans who were in fellowship with it until the mid-1960s, when it became open to Lutherans of all denominations.
In the late 1960s, the Association had 792,000 members; this increased to about 1.2 million members in 5,019 branches in 1978. By 1979, it was the largest member of the and ranked 13th among the 1,800 insurance firms in the country. Rituals The AAL had no initiation rites, oaths, or other rituals.
Non-profit organization The Association was organized on two levels: the local branches attached to Lutheran congregations, and the national level, which consisted only of a board of directors that met four times a year. The AAL was particular about it locals not being called 'lodges' because that was too similar to the nomenclature of oath-bound, ritualistic groups such as the or the. The AAL was headquartered in Appleton, Wisconsin. Philanthropy The AAL was also involved, giving money to scholarships, support for educational institutions and training for church workers. Grants were made to agencies, boards and homes for the aged, disabled and to minorities.
The Association was also had its own family health program, and sponsored blood drives and family health workshops. It also joined the. Lutheran Brotherhood History The roots of Lutheran Brotherhood go back to the founding convention of the when, the of Minnesota, proposed launching a aid society. As with other Lutheran denominations, this move proved controversial, with some saying it indicated a lack of faith in God. Those who favored the society prevailed by arguing that the new aid society would prevent Norwegian Lutherans from joining unacceptable secret beneficial societies or 'lodges' which was forbidden by conservative Lutheran doctrine.The organization authorized by the convention was called the Luther Union, and was incorporated in the state of Minnesota on September 18, 1918.
That month the Luther Union entered into negotiations with Lutheran Brotherhood of America of,. These two organizations merged in the Lutheran Brotherhood in 1920.The articles of incorporation of Lutheran Brotherhood stated its purpose:'To aid the Lutheran Church in extending the Lutheran Faith, to foster patriotism, loyalty, justice, charity and benevolence, to provide education, instruction, proper entertainment and amusements, to encourage industry, saving, thrift and development on the part of its members, to give aid in the case of poverty, sickness, accident or old age, and otherwise promote the spiritual, intellectual and physical welfare of its members.' Membership was open only to Lutherans. There were 550,000 members in 1965 and 900,000 in 1979. Rituals Like the AAL, the LB had no rituals, secrets, or oaths.
Non-profit Organization Local units were called 'branches', which were divided into three categories: A-1, affiliated to Lutheran congregations; A-2, usually sponsored by a group within a Lutheran parish; and A-3, geographic branches. The Lutheran Brotherhood had a quadrennial convention and a board of directors who managed its business. It was headquartered in. Philanthropy The LB helped establish new Lutheran congregations through the Church Extension Fund, sponsored scholarships for Lutheran clergy, and arranged seminars on Christian topics.
Mergers Lutheran Life Insurance Society of Canada In 1972 the Canadian branches of the Lutheran Brotherhood and the Aid Association for Lutherans merged, as a result of the desire to have an indigenous Canadian fraternal benefit society. They formed a new fraternal order called the.Like the AAL and LB, the LLISC was organized into branches and run by a board of directors. There were 120 branches in 1979. The society was based in.The LLISC provided scholarships to Lutheran educational institutions, gave grants to churches and church-related organizations and projects, and gave reduced rate mortgages for Lutheran churches. Thrivent Financial for Lutherans The AAL and LB functioned independently throughout the 20th century. In June 2001, after close consideration of how combining the two organizations would be of benefit to members, the AAL and LB merged, with the merger completed by the end of that year.
Following the merger, in 2002 a new name was voted upon and approved by the members of the merged organization: Thrivent Financial for Lutherans.Financial services. This section needs expansion.
You can help. ( September 2013)Financial standing In 2016 Thrivent Financial ranked 318 on the Fortune 500. In 2016, Thrivent received an rating of AA+ (Superior) and a rating of AA+ (Very Strong). Outreach Thrivent Financial members made donations to Haiti relief following the through, Domestic Disaster Response, World Relief/Human Care, and Committee on Relief.
Thrivent Financial provided funding for the 2003 film. Thrivent Choice Through its Thrivent Choice program, members gave 43 million dollars in 2016. Thrivent Choice is a program that offers members the opportunity to make recommendations for where some of Thrivent Financial's charitable outreach funds are directed.
The list of charities comes from members and non-profits can apply to be eligible for choice dollars. Thrivent Builds with Habitat for Humanity Thrivent has formed an alliance with called through which it contributes financial assistance for building affordable homes. The initiative also sponsors homebuilding trips by Thrivent members throughout the world.The Thrivent Builds alliance began in September, 2005, with a four-year commitment of $105 million. Thrivent Financial chose Habitat for Humanity as an ally because in the ten years previous, its members had already proven their interest in volunteering with them by building over 500 homes. In December, 2007, Thrivent Financial increased its total commitment to $125 million. The alliance makes Thrivent Financial one of Habitat's largest single allies and aims to increase Habitat's annual house production by hundreds of U. Homes per year and more around the world.
Programs There are two programs within the Thrivent Builds alliance. Through Thrivent Builds Homes, Thrivent Financial and other Lutheran volunteers help build more than 300 homes a year within the United States with more than 200 Habitat for Humanity affiliates. As of year-end 2008, over 1,000 homes were built with Habitat for Humanity families through this program. Thrivent Builds Worldwide offers Thrivent Financial members the opportunity to volunteer for one- to three-week homebuilding trips around the world where there are existing programs.
Archived from on 2013-09-30. Retrieved 2014-06-16. Retrieved 2018-12-13. Retrieved 2014-06-16. Archived from on 2014-07-14.
Retrieved 2014-06-13. Retrieved 2020-03-25. Retrieved 2009-06-26. ^ Alvin J.
Schmidt, Fraternal Organizations. Westport, CT: Greenwood Press, 1980, pp.
25-26. ^ 2013-09-21 at the. ^ Schmidt, p. 26. Schmidt, pp.
26-27. Schmidt, p.
27. ^ Schmidt, p. 210.
Philip K. Strand & Hakala Associates, A Common Bond: The Story of Lutheran Brotherhood. Minneapolis: Lutheran Brotherhood, 1989.
^ Schmidt, p. 211., Fortune magazine, 2016, retrieved 2016-09-30. Thrivent.com. (Press release). Habitat for Humanity. December 5, 2008. Archived from on December 17, 2008.
Retrieved June 26, 2009. 2008-11-29 at the. 2012-02-14 at the. 2009-04-27 at the. 2009-04-25 at the. Axelrod, p. 5.
name='ethisphere'. Retrieved March 17, 2017.External links.
describes Thrivent's position on Minnesota's marriage equality law. potential expansion of Thrivent. new developmentsThrivent Builds with Habitat for Humanity. Official websites:.
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Thrivent Financial is a non-profit, faith-based financial planning and banking company. Their Roseville office is along Snelling Ave north of County Road C. They offer annuities, banking services (checking accounts, mortages, savings accounts, etc.), IRAs and insurance. As a non-profit member-based company, their policies are geared to advance the best interests of the members rather than to simply turn a profit. Though they are called Thrivent Financial for Lutherans, you don't have to be Lutheran or Christian to open an account with Thrivent. This location is an office space for Thrivent Financial, and as such it does not offer all their banking services.
Visit the website for a full list of bank locations.