Third Federal Savings & Loan

May 2020

Dear loyal Third Federal customer,

Strong. Stable. Safe. When my parents founded Third Federal in 1938, they did so with a mission of helping our customers achieve the dream of homeownership and financial security.

It is our strength and security that has seen us through many difficult times. And while the world around us has changed, our commitment to you has not. I thank you for your continued confidence in us.

As either a current Third Federal depositor or a borrower as of January 17, 1996, with a loan that is still active, you are a voting member of our Mutual Holding Company (MHC).

Each year, we ask you to vote FOR a proposal for our MHC to waive its receipt of cash dividends during the year. Because we are required by regulators to solicit your vote annually for our MHC to waive its receipt of cash dividends, we are asking you once again to vote FOR the waiver in 2020.

We need a majority of the eligible votes of our members to approve the dividend waiver, so we truly need your vote FOR the waiver.

If you do not cast a vote on the dividend waiver proposal, it will have the same effect as a no vote.

On behalf of Third Federal, I thank you for your support.

Marc A. Stefanski
Chairman and CEO