Our future. Your decision.

I just bought printed checks. Will they be useable after the merger (assuming the merger occurs)?

What are the tax implications of the payout?

So, I understand the purpose of this merger, but I am concerned I will not have access to cash like I used to because there will no longer be "shared branches". If I want $1000 in cash, how do I get that (assuming ATMs limit how much one can withdraw at one time)???

I have kept my banking in credit unions for over 40 years so whilst I understand the financial desire to merge, I will remain unhappy with the loss of the benefits we have as shareholders in a cooperative credit union that is renown for its warm, helpful customer service. I worry the personal touch will disappear with the current attitude of the banking industry relying on impersonal automation of such things as telephone banking and 100% reliance on electronic technology to displace human beings. I realise I have the choice of moving to another credit union as TCU and cooperative banking have the kind of benefits I have learned to appreciate. Loss of the cooperative philosophy of banking along with the expected cost of higher borrowing rates and poorer term deposit rates, I will likely vote against the merger.

I’ve read the materials and watched the video. I have an unasked/unanswered question to the three possibilities for TFCU should the merger vote not pass: why can’t things stay the same? Why would another merger, a spin-off, or liquidation be necessary? Is the credit union facing insolvency?

I am wondering what "additional services" are needed. The services I receive now are very adequate. The cover letter states ". If your credit union merges into the bank, you will lose all the ownership interests you currently have in the credit union and you will become a customer of the bank. The bank's stockholders own the bank, and the directors of the bank have a fiduciary responsibility to run the bank in the best interests of the stockholders, not the customers." Were members notified about what additional services were not available from the current credit union? What makes those services so important? Is the current status of the Credit Union in jeopardy? I'm not comfortable giving up my ownership in the credit union, especially since the new bank will be working to benefit the shareholders and no longer the members. This is concerning. I have been with Thrivent since the 1980s when it was a credit union, it switched to a bank, then back to a credit union. The reasons proposed to switch back to a bank are not enough for me

TCU was previously a bank, now a CU and proposed to become a for profit Thrivent Bank; all to access expansion capital. Presumably commercial banking will shift emphasis away from individual members. Did TCU fail to plan a successful capital investment strategy?

The one thing that was not explained well is why a merger is being considered. Is the credit union in financial trouble that it can no longer operate as designed? Is reorganization a possibility to change structures or some services? To me, it sounds like Thrivent as the parent organization wants direct control of funds for a variety of reasons. This makes me at least pause to consider why. I appreciate that many of the features of accounts will be preserved. One of the best features though is going away, which is the Co-Op shared branch banking. This will make cash deposits and some check deposits difficult or put on hold instead of having near-immediate access to funds. I know they stated less than 3% of members routinely use that feature, but it is important in some situations and will not be there when an infrequent user may need it in unusual circumstances. Can the Credit Union provide additional rationale on why a merger is needed at this juncture beyond convenient access to institutional capital?

I’m for it

Will I still be able to use my TCU checks after the merge?

IDEA: Thrivent Bank " FIRST APPEARS " as an small cap fund or stock issue - later maturing into NYSE functionability. Which considerations are underway to include Thrivent property, title, health, and automoble insurance(s)??? IN MY MIND this pending merger is to also GREATLY SIMPLIFY MY HOUSEHOLD MORTGAGE : PURCHASE EXPERIENCE... G. DETWEILER JR. GRACE LUTHERAN CHURCH - CLEARWATER, FLORIDA

I personally want it to remain as a credit union. I don't like how bank run. Also this will limit my access since they won't be in the credit union co-op anymore.

Why use the balance on a single day? Wouldn’t it make more sense to use an average balance over a period of time?

Thrivent Bank was in existence prior to becoming a credit union. My recollection was that the change was positioned as being advantageous primarily on the basis of a credit union being a "membership" organization, which mirrored the nature of membership in Thrivent Financial. What is advantageous about returning to being called a bank and why does it matter at the customer level?

Many years back TCU transitioned to bank status to offer more investment options. Then due to newly imposed onerous Fed. regulations it transitioned back to credit union status. As the Fed continues to overregulate, I can't understand the value of bank status. It appears to be a money thing which is raising red flags for me. Why is the CU too expensive to maintain but the bank supposedly will be financially viable??

My husband and I are very concerned about the tax implications of your proposed payout associated with the merger. We could have a sudden 5-figure change to our income based on June's balances in our various accounts. Your FAQs do not address this issue. What are you doing to mitigate any tax problem this could cause for members?

Assuming we will need new debit cards, direct deposit set ups etc?

I read through the FAQ. What are the benefits of the proposed merger??

When TFCU was created from the earlier iteration of Thrivent Financial Bank, we were told as customers/potential members that a credit union was far more in line with Thrivent's mutual ownership model and values. We joined based on that information. I'm curious to know what has changed about our values that would make becoming a bank again a decision of integrity.

Wondering if this is really good for members. Didn't we have a bank once?

I started in the 80’s when it was AAL specifically because it was a Lutheran Credit Union. I wasn’t happy it went to a bank but was very glad it went back to a CU. I Need & Appreciate I can easily access my money via ATM wherever I’ve lived because of shared banking with US Banks. Customer service is personable and I’ve appreciated some know me when I call in, I feel valued. So many reasons I want my money in a CU not a bank. I have several Life insurance policies with AAL/ Thrivent; I Definitely don’t want a merger to a Bank. This news is very upsetting and stressful for me. I pray this does not get Voted in.