Thrivent Financial Bank Plans To Convert To Credit Union

Very interesting. I don't remember another bank that converted into a credit union. I wonder what their field of membership will look like.

Yes, very interesting. And it will be very intersting to find out the field of membership.

In looking at their Website, possibly there is some hint: faith based, Lutheran. 

The banking side heavily promotes that anyone anywhere in the country can bank with them, no need for any Lutheran connection -- and I hope they take that approach as a credit union. But on the non-banking side, which requires membership, they have a field of membership that is Lutheran based:

Join Us - Thrivent Financial for Lutherans

You are eligible to apply for membership in Thrivent Financial for Lutherans if you meet one of the following:

• You profess to be Lutheran and are a current or former member of a Lutheran congregation or the youth is a current member of a Lutheran congregation or is being raised Lutheran.
• You are a family member of a Lutheran, or a person serving or associated with Lutherans, or Lutheran organizations or their family members.
• You are associated with and provide support for strengthening the membership efforts of Thrivent Financial for Lutherans to meet its mission.

We will see which side prevails when it becomes a credit union.

My letter said my bank account there would be automatically transferred to the credit union when it comes into existence.  Anyone, regardless of religion or none, can open an account at Thrivent Bank.  Thrivent Financial for Lutherans is different and faith-based.  It is not of use to someone who isn't Lutheran, since presumably you don't want books to instruct your kids in Lutheranism, etc.