Wisconsin's Thrivent Financial Bank, a $543 million thrift, remains primed to convert to a credit union, perhaps this year, the parent corporation said Wednesday.
The Appleton bank, part of a Minneapolis insurance and investment conglomerate serving Lutherans in the Upper Midwest, has said it wants to switch to a credit union to free itself of strict insurance regulations under Dodd-Frank.
A spokesman for the conglomerate, Thrivent Financial for Lutherans, said it is still waiting on approval by the regulatory agencies on its application filed last fall.
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