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Thrivent Financial for Lutherans

 
Hoover's Profile: Thrivent Financial for Lutherans
 
Contact Information
Thrivent Financial for Lutherans
4321 N. Ballard Rd.
Appleton, WI 54919-0001
WI Tel. 612-340-7000
Toll Free 800-847-4836
Fax 800-205-8348

Type: Private - Not-for-Profit
On the web: http://www.thrivent.com

The Spirit moved Aid Association for Lutherans (AAL) to merge with Lutheran Brotherhood and form a new entity, christened Thrivent Financial for Lutherans. The fraternal benefit society now includes nearly 3 million members, and brings under one steepled roof more than $70 billion in assets under management. Individuals and congregations that become members can shop for life insurance, mutual funds, bank and trust services (through Thrivent Financial Bank), and other financial services. Thrivent Financial, which operates all over the US, has nearly $160 billion in life insurance in force. The company also supports three separate foundations which contribute to charitable causes.

Key numbers for fiscal year ending December, 2007:
Sales: $6,080.9M
One year growth: (0.1%)
Net income: $391.0M
Income growth: (25.4%)

Officers:
Chairman, President, and CEO: Bruce J. Nicholson
SEVP and COO: Bradford L. (Brad) Hewitt
SVP and CFO: Randall L. (Randy) Boushek

Competitors:
FMR
Northwestern Mutual
State Farm

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Wikipedia: Thrivent Financial for Lutherans
 
The entrance sign in Appleton shows the corporate logo
Corporate Center in Minneapolis
Operations Center in Appleton
Appleton entrance

Thrivent Financial for Lutherans (pronounced /ˈθraɪvənt/ "THRIVE-int") is a Fortune 500 financial services organization with dual corporate headquarters based in Minneapolis, Minnesota and Appleton, Wisconsin. 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.

Contents

History

Thrivent Financial for Lutherans was officially formed on January 1, 2002 with the merger of Aid Association for Lutherans and Lutheran Brotherhood. The organizations were established in 1902 and 1917 respectively. The merger formed the largest fraternal benefit society in the United States.[1] Thrivent Financial for Lutherans today maintains a network of 1,364 local chapters.[2] It is also the only not-for-profit organization listed on the Fortune 500.[citation needed]

Outreach programs

Thrivent Financial sponsors national outreach programs, notably its alliance with Habitat for Humanity.[3] Thrivent Builds with Habitat for Humanity seeks to increase Habitat's capacity to build more homes and promote donations, volunteerism, neighborhood development as well as worldwide homebuilding trips by Thrivent Financial for Lutherans' members.

They also helped to fund the 2003 film Luther.

See also

References

External links

Coordinates: 44°58′30″N 93°15′57″W / 44.975007°N 93.265831°W / 44.975007; -93.265831


 
 

 

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