Credit union leaders have not said much about the news thatThrivent Financial for Lutherans is narrowing the business focus ofits subsidiary Thrivent Financial Bank and launching a credit union to take the bank's retailbusiness.
Thrivent Financial Bank is a $550 million operationheadquartered in Appleton, Wis., and part of a larger organizationthat is the only non-profit on the Fortune 500.
NAFCU CEO Fred Becker said it was “[a]lways great to have a new creditunion, especially one that recognizes the value of the credit unionmodel over other alternatives.”
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