MINNEAPOLIS – Todd Sipe has been named the new president/CEO of Thrivent Financial Bank after serving at U.S. Federal Credit Union. Prior to his new post, Sipe served as vice president of member services at the $617 million CU. This is not Sipe's first exposure to the banking world. He worked for 20 years at Bremer Bank, where he last held the position of executive vice president, regional retail sales manager for greater Minnesota. His role at Bremer Bank also included serving as executive leader of mortgage, indirect lending and Bremer's Service Center. Thrivent Financial Bank has assets of $418 million as of Dec. 31, 2005 and more than 58,000 customers nationwide, according to the company. Thrivent Financial for Lutherans and its subsidiaries have a total of $67.5 billion in assets under management. "Todd has worked very heavily on the retail side of banking with initiatives around customer experience and growing out-of-the-box solutions to various deposit, lending and other retail growth opportunities," said Pam Moret Thrivent, executive vice president of marketing and products. "He has very high expectations around quality and compliance and brings a nice array and breadth of background to the Thrivent Financial Bank presidency."