Teresa (Terry) Rasmussen has overall leadership responsibility for Thrivent and its many businesses, guiding the organization on its mission to help members be wise with money and live generously. She is also a member of the Thrivent Board of Directors. Prior to her role as president and CEO, she was president of Thrivent’s fraternal business after serving 10 years as senior vice president, general counsel and secretary.
Thrivent Financial (/ˈθraɪvɨnt/ THRYV-int) is a Fortune 500 financial services non-profit organization headquartered in Minneapolis, Minnesota and Appleton, Wisconsin. As a member-owned fraternal benefit society, it operates under a chapter system, serving approximately 2.4 million members.
Operating through its local chapters nationwide, Thrivent Financial and its subsidiaries offer financial products and services including life insurance, annuities, mutual funds, disability income insurance, 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 Christians to join and in March 2014 the marketing name was shortened to Thrivent Financial.