Fitch affirms Thrivent Financial's AA+ (Very Strong) rating with stable outlook
October 26, 2018
Fitch Ratings affirmed Thrivent Financial’s Insurer Financial Strength rating of AA+ (Very Strong), the second-highest of Fitch’s 19 categories, and gave the organization a stable outlook.
Thrivent announces executive leadership transition
October 12, 2018
Thrivent today announced that Brad Hewitt will retire as CEO and Terry Rasmussen has been appointed as his successor.
Thrivent shares opportunities to support Hurricane Florence relief
September 18, 2018
Thrivent, a not-for-profit membership organization of Christians, today announced it will match up to $1 million dollars in personal donations made on Thrivent.com to selected nonprofit organizations supporting Hurricane Florence relief efforts. In addition, Thrivent is encouraging its members to volunteer for disaster relief by forming Thrivent Action Teams or for eligible members to consider directing Thrivent Choice Dollars to relief organizations.
Nikki Pechet appointed to serve on Thrivent's board of directors
July 18, 2018
Thrivent announced today that Nikki Pechet has been appointed to serve on Thrivent's board of directors. She will join the board along with 13 other directors. Her term became effective on June 1, 2018.
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Facts, Figures & Recognitions
Facts & Figures
* As of Dec. 31, 2016.
** Funding for Thrivent’s outreach comes from our tax exemption as a not-for-profit fraternal benefit society. Money we would otherwise pay in certain taxes instead goes to strengthen the communities, congregations and causes our members care about. Members are actively involved in deciding where the money goes locally.
See the ways others view Thrivent Financial through the awards and recognition we've received.
Ethisphere – World's Most Ethical Companies (2016, 2015, 2014, 2013, 2012)
Thrivent was named to the list because of our commitment to ethical leadership, compliance practices, governance and corporate citizenship.
The Ethisphere Institute is an independent center of research promoting best practices in corporate ethics and governance.
“World’s Most Ethical Companies” and “Ethisphere” names and marks are registered trademarks of Ethisphere LLC.
Excellence in Financial Literacy Education (EIFLE) Award (2016, 2015, 2013, 2012, 2011, 2010, 2009, 2008)
This award, received for Thrivent's adult education programming, acknowledges "innovation and quality of financial literacy education efforts and the commitment of those that offer them," according to the Institute for Financial Literacy.
Ward's 50® Top Performing Insurance Companies (2015, 2013, 2012, 2011, 2010, 2009, 2008, 2007, 2006, 2005)
This designation recognizes Thrivent for achieving outstanding financial results in the areas of safety, consistency and performance over a five-year period.
Star Tribune Top Workplaces (Minneapolis-St. Paul) (2015, 2014, 2013, 2012, 2011, 2010)
This program recognizes 100 regional companies. The survey of employees measured: pay and benefits, working conditions, career growth opportunities, satisfaction with management, organizational execution and overall direction.
Minnesota Women's Press Favorite Financial Planner – Honorable Mention (2013)
In 2013, Thrivent was voted an honorable mention for Favorite Financial Planner in an annual Minnesota Women's Press survey. The magazine has been connecting Twin Cities businesses and organizations with the women's market for 28 years.
Wellness Council of America (WELCOA) and Wellness Council of Wisconsin Gold Well Workplace Award (2013)
This award recognizes organizations for commitment to the health and well-being of employees. The Well Workplace Awards initiative is driven by criteria outlined in WELCOA's seven benchmarks to a result-oriented Well Workplace.
Minneapolis Regional Chamber of Commerce Best in Business Award (2011)
This award recognizes six companies that have excelled, grown and supported the Minneapolis community in unique and meaningful ways.
The Salvation Army Business Partnership of the Year and Others Awards (2011, 2009)
Thrivent and The Salvation Army of the Fox Cities received this award for the Red Kettle campaign. Dozens of Thrivent volunteers staffed kettles to raise money at Christmas. The award recognizes those who demonstrate giving and compassion, while inspiring others to do the same.
Communitas Award – Green Initiatives (2010)
This award recognizes exceptional organizations and individuals that share their resources and change their business model to benefit communities. It's part of the Association of Marketing and Communication Professionals' pro bono recognition program.
Alexander Hamilton Award (Silver) for "Best Green Strategy" (Treasury & Risk) (2009)
Thrivent was one of three organizations nationwide to be honored by Treasury & Risk for excellence in finance and treasury management related to environmental awareness, conservation and social responsibility.
PINK Top 15 Companies for Women (2009)
PINK looks for a large number of women in positions of power among top earners, and examines management's commitment to a more progressive means for women to advance. PINK also looks at life-work balance programs that give women equal opportunity for a rewarding life away from the office.
New North B2B Best Places to Work Award (Wisconsin) (2009)
Thrivent was one of two employers honored with this award. Companies were selected based on: quality of the work environment, employee satisfaction and the company's commitment to developing its employees' personal and professional lives.
Leadership biographies & interview sources
Expert sources are available for interview on topics ranging from the stock market to retirement to our latest corporate news. Contact us to get connected with any of our experts.
View our leadership biographies.
Interview sources by category
Insurance & Annuities
Wendy McCullough is a vice president at Thrivent Financial, leading the company's solutions design and development team in charge of life, health and annuity product design and positioning for consumers and distribution. While at Thrivent, she has overseen actuarial product development and management of Thrivent's deferred and immediate annuity product lines (fixed and variable) and TRIO, Thrivent's proprietary retirement income optimization algorithm. Wendy graduated with a bachelor's degree in business along with an actuarial science emphasis from the Carlson School of Management at the University of Minnesota. She is a fellow of the Society of Actuaries and a member of the American Academy of Actuaries.
Retirement & Estate Strategies
Richard H. Edinger, J.D., CPA (Inactive), CLU, ChFC, Director, Advanced Markets and Retirement Consulting
Rick Edinger is the director of Advanced Markets and Retirement Consulting within Field Development and Consulting (FDC). Rick is responsible for the supervision of advanced sales, retirement planning and financial software consultants at Thrivent Financial.
Rick has also worked as a tax consultant for Resource Financial Management in Minneapolis. From 1986 until 1989, he served as a manager in the tax department of the accounting firm of Coopers & Lybrand in Minneapolis. In 1989, he joined the Advanced Marketing Department of Lutheran Brotherhood (a predecessor organization to Thrivent) as a business insurance/tax specialist.
Rick attended the University of Wisconsin-Eau Claire where he graduated in 1979 with a bachelor of business administration degree, majoring in accounting. He went on to William Mitchell College of Law in St. Paul, Minnesota, where he was awarded his juris doctorate degree in 1984. Rick holds the professional designations of Certified Public Accountant (CPA, Inactive), Chartered Life Underwriter (CLU) and Chartered Financial Consultant (ChFC).
Teresa J. Rasmussen, President
Teresa J. Rasmussen is president of Thrivent Financial’s core fraternal business unit. She is responsible for the organization’s focus on delivering strong membership and sales results that guide people to be wise with money and live generously. Prior to this appointment, Rasmussen served as senior vice president, general counsel and secretary, where she led more than 230 professionals in the corporate risk management and external affairs departments.
Before joining Thrivent in 2005, Rasmussen served in progressively responsible legal positions with American Express and Ameriprise Financial. At American Express she was responsible for global legal support of financial service products and services. She began her legal career in 1984 as part of the U.S. Attorney General’s Honors Program, where she was a trial attorney in the tax division of the U.S. Department of Justice in Washington, D.C.
She received her bachelor’s degree in accounting from Minnesota State University Moorhead. After passing the CPA exam, Rasmussen went on to earn her Juris Doctor from the University of North Dakota. She is a member of the bar in Minnesota, Wisconsin and Colorado.Rasmussen serves on the boards of Walker Art Center and InFaith Community Foundation. She was recently appointed to the B20 Financing Growth Taskforce. She is president of the Association of Life Insurance Counsel. She is immediate past chair of the legal section for the American Council of Life Insurers (ACLI) and serves on the global risk management committee for ACLI. She is the past chair of the American Fraternal Alliance, the trade association for fraternal benefit societies, and Lutheran Social Service of Minnesota.
Randy L. Boushek, Senior Vice President, Chief Financial Officer and Treasurer
Randy Boushek oversees all of Thrivent Financial corporate financial services, including the accounting, tax and actuarial functions. Randy joined Lutheran Brotherhood in 1981 as an associate actuary. After holding a variety of positions in the organization, he was named senior vice president and chief investment officer in 1999. He became senior vice president and treasurer in 2002 and was appointed to his current position in 2004.
Born in Minneapolis, Minnesota, Randy earned a Bachelor of Arts degree in mathematics with Summa Cum Laude honors from Concordia College, Moorhead, Minnesota. He is a Fellow of the Society of Actuaries and a member of the American Academy of Actuaries. In 2010, Randy was named "CFO of the Year" by The Minneapolis/St. Paul Business Journal.
In addition to his responsibilities with Thrivent Financial, Randy serves as a board member of the Minneapolis Regional Chamber of Commerce, a member of the Board of Regents of Concordia College, Moorhead, Minnesota, and a member of the Board of Directors of Concordia Plan Services in St. Louis, Missouri. He also has served on the board of the Minneapolis Downtown Council.
- Teresa J. Rasmussen, President
Thrivent Federal Credit Union
Todd H. Sipe, President and CEO
Todd Sipe served as president and CEO of Thrivent Financial Bank from 2006 to 2012. In this role, he oversaw Thrivent Financial Bank, a wholly owned subsidiary of Thrivent Financial. Currently he serves as the president and CEO of Thrivent Federal Credit Union.
In this role, he oversees the credit union and has overall leadership and profit and loss responsibility for all credit union functions. He is responsible for setting policies, developing organizational strategies and ensuring their successful execution.
Todd grew up in Crookston, Minnesota. He graduated from Moorhead State University (Minnesota) in 1983 with a degree in finance. Prior to joining Thrivent Financial Bank, Todd was vice president of member services for U.S. Federal Credit Union of Burnsville, Minnesota. He also worked for 19 years at Bremer Bank of St. Paul, where he last held the position of executive vice president, regional retail sales manager.
Todd has served as director on the boards of Thrivent Financial Bank, the Northstar Problem Gambling Alliance and the Minnesota Home Ownership Center, and is currently president of his church council.
Todd and his wife, Barb, reside in Eagan, Minnesota. They are the parents of four children, two in college. They are members of Shepherd of the Valley Lutheran Church in Apple Valley, Minnesota.