Thrivent Federal Credit Union is headquartered in Appleton and is the 15st largest credit union in the state of Wisconsin. It is also the 477th largest credit union in the nation. It was established in 2012 and as of December of 2013, it had grown to 125 employees and 46,150 members. Thrivent Federal Credit Union's money market rates are 14% higher than the national average, and it has a B+ health rating.
Anyone within our "field of membership" is eligible to apply for credit union membership. This includes the following: Members (benefit and associate) of Thrivent Financial for Lutherans. Employees of Thrivent Financial for Lutherans. Employees of Thrivent Federal Credit Union. Volunteers of Thrivent Financial for Lutherans or Thrivent Federal Credit Union. Immediate family members or household members of an eligible person. Widows and widowers of persons within the field of membership of Thrivent Federal Credit Union. Organizations or businesses owned by eligible persons. Organizations: The Evangelical Lutheran Church in America (ELCA), the Lutheran Church Missouri Synod (LCMS), the Wisconsin Evangelical Lutheran Synod (WELS), the Church of the Lutheran Brethren (CLB), the North American Lutheran Church (NALC), the American Association of Lutheran Churches (AALC), the Evangelical Lutheran Synod (ELS), the Association of Free Lutheran Congregations (AFLC), the Lutheran Congregations in Mission for Christ (LCMC), including the corporate accounts for the congregations, colleges, universities, seminaries, schools, early childhood learning centers, auxiliary organizations and recognized service organizations affiliated with these church bodies. - See Details
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The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2013 Thrivent Federal Credit Union had $3.77 million in non-current loans and owned real-estate with $46.9 million in equity and loan loss allowances on hand to cover it. This gives Thrivent Federal Credit Union a Texas Ratio of 8.05% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
The Texas Ratio for Thrivent Federal Credit Union decreased dramatically from 15.50% as of December 31, 2012 to 8.05% as of December 31, 2013, resulting in a positive change of 48.07%.This indicates that the balance sheet and financial strength for Thrivent Federal Credit Union has improved dramatically in recent periods.
In the past year, Thrivent Federal Credit Union has decreased its total deposits by -$20.87 million, resulting in -4.92% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Thrivent Federal Credit Union has shown is below average.
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Thrivent Federal Credit Union has $456.94 million in assets with $46.9 million in equity, resulting in a capitalization level of 10.26%, which is above average.
|Assets and Liabilities|
|Equity Capital||$45.66 million|
|Loan Loss Allowance||$1.24 million|
|Unbacked Noncurrent Loans||$2.63 million|
|Real Estate Owned||$1.15 million|
|Historic Data - December 2012|
|Equity Capital||$45.25 million|
|Loan Loss Allowance||$181,000|
|Unbacked Noncurrent Loans||$2.63 million|
|Real Estate Owned||$1.96 million|
|Profit Margin - Quarterly|
|Net Interest Margin||5.26%|
|Return on Assets||0.64%|
|Return on Equity||6.42%|
|Interest Income||$19.02 million|
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|0.35%||$100k||-||Thrivent Share Savings Account|
|0.35%||$100k||-||Thrivent Business Share Savings|
|0.50%||$100k||-||Thrivent Rewards Money Market|
|0.50%||$100k||-||Business Rewards Money Market|
|0.07%||$1m||-||Institutional Money Market|
|0.15%||-||-||Thrivent Rewards Checking Account|
|0.10%||-||-||Community Checking Plus|
|0.00%||-||-||Business Checking Plus|
|0.00%||-||-||Business Rewards Checking|
|1.40%||$1k||-||60 Month CD|
|1.30%||$1k||-||48 Month CD|
|1.06%||$1k||-||36 Month CD|
|1.00%||$1k||-||30 Month CD|
|0.85%||$1k||-||24 Month CD|
|0.70%||$1k||-||18 Month CD|
|0.70%||$5k||-||24 Month Flex CD|
|0.60%||$5k||-||18 Month Flex CD|
|0.55%||$1k||-||12 Month CD|
|0.50%||$1k||-||9 Month CD|
|0.45%||$5k||-||12 Month Flex CD|
|0.35%||$1k||-||6 Month CD|
|0.20%||$1k||-||3 Month CD|
|Thrivent Federal Credit Union Locations|
|Branch Office||122 E College Ave Suite 1E||Appleton, WI 54911|
|Branch Office||625 4th Ave S||Minneapolis, MN 55415-1624|
|Branch Office||4321 N Ballard Rd||Appleton, WI 54919|