AAL/LB members give their approval to Thrivent Financial for Lutherans.Business Editors MINNEAPOLIS--(BUSINESS WIRE)--June 20, 2002 State and federal filings are final steps after 79 percent vote confirms new name The member votes are in, the counting is finished and Aid Association for Lutherans/Lutheran Brotherhood (AAL/LB) is one step closer to its new name, Thrivent Financial for Lutherans Thrivent Financial for Lutherans (first word pronounced "THRIVE-int" — or more precisely, alluding to contractions, "thrive—n't"; IPA pronunciation: /ˈθɹaɪvɘnt/ . The member vote officially came to a close on May 7 and the counting continued through May 17. AAL/LB Chairman of the Board John Gilbert John Gilbert may refer to:
"The new name opens many new doors for us," said Bruce Nicholson, AAL/LB president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . "It's an opportunity to use our heritage to build a new potential, a new way of meeting challenges. There is energy in this new organization that truly is represented in the Thrivent Financial for Lutherans name." "I was pleased by the members' response to the new name," said General Counsel Woody Eno, who has led the AAL/LB team overseeing the member vote. "It was a vote of confidence in the new organization." In early 2002, a team responsible for creating a new name for the merged organization solicited input from thousands of Lutherans from across the country, including members of AAL (ATM Adaption Layer) The part of the ATM protocol that breaks up application packets into 48-byte payloads which become ATM cells when the 5-byte headers are attached. The AAL resides between the higher layer transport protocols and the ATM layer. , LB and non-members. Men and women of all ages were selected randomly from every region of the country to serve as representatives of the entire membership. These members participated in telephone surveys and numerous focus groups in several U.S. cities. Based on this input, the list of proposed names was narrowed and Thrivent Financial for Lutherans was selected. "We really have to thank our members for their help in this process. The insights, feedback and energy members invested in the naming process was terrific," Gilbert said. Eno stressed that there are still steps to be taken before the new name becomes official. "We still need to complete the state and federal approval process. Therefore, we must continue using the trade name - Aid Association for Lutherans/Lutheran Brotherhood - until Thrivent Financial for Lutherans has received the required approvals." The first approval came Tuesday, May 21, in Madison, Wis., from the Wisconsin Office of the Commissioner of Insurance. Since then more than half of the states have approved the use of the new name. Aid Association for Lutherans and Lutheran Brotherhood merged on Jan. 1, 2002, to create Aid Association for Lutherans/Lutheran Brotherhood (AAL/LB), the largest fraternal fraternal /fra·ter·nal/ (frah-ter´n'l) 1. of or pertaining to brothers. 2. of twins; derived from two oocytes. fra·ter·nal adj. 1. Of or relating to brothers. benefit society in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . Composed of nearly 3 million members, the organization offers a broad array of financial products and services, as well as enabling members to give back to their communities, congregations and others. A Fortune 500 organization, AAL/LB is a leading fraternal benefit society in the financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. industry. AAL/LB offers life and disability income insurance to its members nationwide, as well as annuities and other retirement plans. Mutual funds, variable annuity Variable Annuity An insurance contract in which, at the end of the accumulation stage, the insurance company guarantees a minimum payment. The remaining income payments can vary depending on the performance of the managed portfolio. products and brokerage services are offered through AAL Capital Management Corporation and Lutheran Brotherhood Securities Corp., both wholly owned subsidiaries Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of AAL. AAL Bank and Trust, FSB (FrontSide Bus) See system bus. FSB - front side bus , offers complete personal banking services, and personal trust and investment management services for the general public. Insurance products, where available, are offered by Aid Association for Lutherans/Lutheran Brotherhood, Appleton, WI, 54919-0001/Minneapolis, MN, 55415-1624 and underwritten by Aid Association for Lutherans (AAL), Appleton, WI, 55419-0001. In Mississippi and California, variable products are underwritten by Lutheran Brotherhood Variable Insurance Products Company, Minneapolis, MN, 55415-1624, a wholly-owned subsidiary of AAL. Securities offered through AAL Capital Management Corporation, 222 W. College Ave., Appleton, WI, 54919-0007 and Lutheran Brotherhood Securities Corp., 625 Fourth Ave. S., Minneapolis, MN, 55415-1624, wholly-owned subsidiaries of AAL. Bank and trust services offered through AAL Bank and Trust, FSB, 125 N. Superior St., Appleton, WI, 54919-0004 and LB Community Bank & Trust, fsb, a division of AAL Bank and Trust, FSB (member FDIC FDIC See: Federal Deposit Insurance Corporation FDIC See Federal Deposit Insurance Corporation (FDIC). , Equal Housing Lender The terms Equal Housing Lender and Equal Opportunity Lender are synonymous and refer to all FDIC insured banks in the United States. Such banks are prohibited from discriminating on the basis of race, color, religion, national origin, sex, handicap, or familial status. ), a wholly-owned subsidiary of AAL. Insurance and securities products are not deposits, are not FDIC insured, and may go down in value. Trust and investment management services are not deposits, are not FDIC insured, are not insured by any federal government agency, are not guaranteed by AAL Bank and Trust, FSB, and may go down in value. AAL/LB's news releases are available online at www.luthbro.com and at www.aal.org |
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