Thrivent Financial is a non-profit organization that offers financial services to churches and individuals.
In 1899, in an era when Lutherans were forbidden to join fraternal societies and life insurance was frowned upon because it was seen as mistrusting God, Albert Voecks found two church members willing to give him an initial investment of $13 each to start an insurance fund just for Lutherans.
The three partners soon found 500 more people willing to invest $5 and the group received a charter from the state of Wisconsin in 1902, becoming the Aid Association for Lutherans.
Membership was initially limited to the Missouri Synod and its affiliates. In the late 1960’s membership was opened to all Lutherans. It was not until 2013 that the organization was opened to non-Lutheran Christians.
Today Thrivent Financial still operates on a not-for-profit basis, and serves 2.4 million members through its chapter system.
The company offers life insurance, mutual funds, and bank and trust services. Thrivent Financial has $90 billion in assets and is #342 in the Fortune 500. Its charitable foundation donated $182.7 million to organizations to strengthen families and communities in 2013.
Thrivent FinancialThrivent Financial is a non-profit organization that offers financial services to churches and individuals.
In 1899, in an era when Lutherans were forbidden to join fraternal societies and life insurance was frowned upon because it was seen as mistrusting God, Albert Voecks found two church members willing to give him an initial investment of $13 each to start an insurance fund just for Lutherans.
The three partners soon found 500 more people willing to invest $5 and the group received a charter from the state of Wisconsin in 1902, becoming the Aid Association for Lutherans.
History
Membership was initially limited to the Missouri Synod and its affiliates. In the late 1960’s membership was opened to all Lutherans. It was not until 2013 that the organization was opened to non-Lutheran Christians.
Today Thrivent Financial still operates on a not-for-profit basis, and serves 2.4 million members through its chapter system.
The company offers life insurance, mutual funds, and bank and trust services. Thrivent Financial has $90 billion in assets and is #342 in the Fortune 500. Its charitable foundation donated $182.7 million to organizations to strengthen families and communities in 2013.
