Growing and serving through banking

Throughout Thrivent’s 120-year history, we’ve helped empower our clients’ lives of service and faith. Over time, we’ve expanded our solutions and services as current and future client needs changed—and that’s why we’re so excited to begin building out our banking services through a new Thrivent Bank.

Banking is about as close as we get to a universal need in financial services. Nearly everyone needs a way to transact and manage daily finances with competitive and user-friendly products, services and experiences. And that’s exactly what Thrivent Bank intends to deliver as a full-service digital bank.

As we bring this new and expanded banking offering to life, we also bring our unique approach—that money is a tool, not a goal—to more people and younger generations. We want to help people evaluate how they use their money. We’ll do this by illuminating banking insights that clients can use to align their daily actions with their desired financial behavior and goals.

These insights also enable us to better serve clients along their financial journeys with banking guidance or other solutions as needs emerge over time. This differentiated approach is much needed and one we know many people desire—a bank that truly has the client’s needs at heart and demonstrates that at every opportunity.

Thrivent recently received the necessary regulatory approvals to form Thrivent Bank. Thrivent Credit Union is also in conversation with its regulator to merge the credit union into the bank. This won’t happen overnight, and credit union members will have an opportunity to learn more and ultimately vote on the proposal. More information will be shared with credit union members in the coming months.

We look forward to serving clients with a differentiated, advice-based approach to banking and cash management that helps clients with their long-term financial goals and well-being. We have a dedicated leadership team of banking experts who could not be more excited to bring Thrivent’s purpose to more people through Thrivent Bank. I look forward to sharing more with you in the coming months and years as we grow our organization and fulfill our purpose.

Brian Milton is senior vice president of banking at Thrivent.