MINNEAPOLIS (Feb. 6, 2025) – A majority of voting members of Thrivent Credit Union, an independent and member-owned organization, have voted in favor of a merger with Thrivent Bank (in formation) over the past 30 days.

Of the more than 33% of Thrivent Credit Union eligible members who voted, 79% voted in favor of the merger. By regulation, a quorum of 20% participation is required for the vote to be valid and a simple majority of that group determines the outcome.

Thrivent received initial approval from the Utah Department of Financial Institutions and the FDIC last June to form Thrivent Bank through a merger with Thrivent Credit Union.

As a financial services company that puts generosity at the heart of saving and investing, Thrivent is forming a bank as another way to bring its client-centered financial point-of-view—that money is a tool, not a goal—to more people. Thrivent Bank will provide cash management solutions and purpose-based guidance to help clients achieve their long-term goals and financial well-being.

“We’re committed to keeping clients at the center of all we do, and this merger will enhance and continuously improve our banking solutions, experiences and services to meet their needs,” said Thrivent Bank President Brian Milton. “Thrivent Bank looks forward to carrying on Thrivent Credit Union’s legacy as we serve the credit union’s members post-merger.”

“The merger opportunity with Thrivent Bank will extend the mission of our credit union and provide our members with simple and competitive banking products, easy-to-use digital experiences and direct access to human support,” said Beth Lewis, Thrivent Credit Union board chair. “Our board of directors is pleased that a majority of our members came to the conclusion that this merger is in their best interest.”

Thrivent Bank and Thrivent Credit Union teams are preparing to merge into Thrivent Bank, effective May 31, 2025.

About Thrivent
Thrivent is a financial services company that puts generosity at the heart of saving and investing. Thrivent and its subsidiary and affiliate companies serve more than 2.4 million clients, offering advice, insurance, investments, banking and generosity products and programs online and through financial advisors and independent agents nationwide. Thrivent is a Fortune 500 company with $179 billion in assets under management/advisement (as of 12/31/23). Thrivent carries ratings from independent rating agencies which demonstrate the strength and stability of the organization, including an A++ rating from AM Best; an Aa2 rating from Moody's Investors Service; and an AA+ rating from S&P Global Ratings. Ratings are based on Thrivent's financial strength and claims-paying ability, but do not apply to investment product performance. For information on these ratings, visit the rating agency's website. Dividends are not guaranteed. For more information about Thrivent, visit Thrivent.com or find us on Facebook, Instagram and LinkedIn.

Ratings are based on Thrivent’s financial strength and claims-paying ability. Does not apply to investment product performance. For information on each rating, visit the individual rating agency's website.

Thrivent is the marketing name for Thrivent Financial for Lutherans. Insurance products issued by Thrivent. Not available in all states. Licensed agent/producer of Thrivent. Thrivent.com/disclosures.