January, 2010

A new year. A new decade. A new beginning. The start of 2010 brings us a renewed sense of hope. Hope that the economic tide will turn for the better, that the housing market will continue its slow but steady rebound, and that the days ahead will be a little brighter financially than the ones we’ve left behind.

However, while we contemplate the future, we are considerate of the past.

At Third Federal, we not only believe in, but we act on a value system of love, trust, respect, and a commitment to excellence. Those values are not something we came up with for the millennium, or in the midst of the recent mortgage crisis, or even for this new decade. The value system was put in place in 1938 during the founding of Third Federal by my parents, Ben and Gerome Stefanski. In a tumultuous time (The Great Depression), they put these values in practice – by delivering products and services that made sense for customers – and were able to grow the bank.

In 2010, we are still focused on doing the best job we can serving our customers. We know the values from more than 72 years ago are still the foundation for our ongoing success, and that means that we’re still doing something right.

I thank you for your support and wish you hope and peace in the New Year.

Chairman and CEO
Third Federal Savings