Chapter Checking Account
Each chapter has a checking account established with Thrivent Federal Credit Union through which it can transact chapter banking. This helps with year-end reporting that is required for the Internal Revenue Service. Chapters should not have secondary/alternate bank accounts.
Deposited funds are available for withdrawal on the first business day following the date of deposit. Before writing a check, it is always a good practice to verify the checking account balance on the credit union website (see online banking) to ensure funds are available to cover the check.
Your chapter's checking account records a variety of funding sources. Supplemental funds will be transferred directly into the account after final activity information is entered in Thrivent Financial's fraternal online in the Chapter Leadership Administration system. The funds for a hands-on service, educational or member social activity, could be sent directly to an identified payee, so chapter leaders should monitor their account to determine if a deposit was made before sending a check.