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Finances & Funding

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.

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Insurance products issued or offered by Thrivent Financial, the marketing name for Thrivent Financial for Lutherans, Appleton, WI. Not all products are available in all states. Products issued by Thrivent Financial are available to applicants who meet membership, insurability, U.S. citizenship and residency requirements. Securities and investment advisory services are offered through Thrivent Investment Management Inc., 625 Fourth Ave. S., Minneapolis, MN 55415, a FINRA and SIPC member and a wholly owned subsidiary of Thrivent. Thrivent Financial representatives are registered representatives of Thrivent Investment Management Inc. They are also licensed insurance agents/producers of Thrivent. Fee-based investment advisory services are available through qualified investment advisor representatives only.

Trust and investment management accounts and services offered by Thrivent Trust Company are not insured by the FDIC or any other federal government agency, are not deposits or other obligations of, nor guaranteed by Thrivent Trust Company or its affiliates, and are subject to investment risk, including possible loss of the principal amount invested.

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