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Message from Marc
We believe you come first.
Always have, always will.

Message from Marc

  • December 2018

    When we opened our doors in 1938, we did so with $50,000 in funding from the Slavic Village neighborhood in Cleveland. The neighbors invested not only in the company, but in the people who started Third Federal, my parents, Ben and Gerome Stefanski.

    This year, as we celebrated our 80th anniversary on the same corner where we were founded, we remember the support of the community in our small savings and loan.

    While today our assets exceed $14 billion, and we now lend in 21 states and the District of Columbia, we still run our business understanding my parents’ legacy – that investing in people and in the community are vital to our success. By having lower interest rates on loans and higher interest rates on deposits, we help people achieve the American dream of homeownership and financial security.

    We invest in our associates because they are a big reason for our success. Their relationships with our customers, and their commitment to Third Federal continues to help us grow, allowing us to serve our customers with 1/3 fewer associates than our competitors. With a 3 percent turnover rate the longevity of our associates form the foundation of the company. In fact, more than 150 of our associates celebrated 25 years or more of service to Third Federal in 2018.

    Above all else, we make an investment in the communities we serve. Helping homeowners succeed is a large part of building a strong community.

    And it’s that kind of commitment we will continue to make for the next 80 years and beyond.


    Marc A. Stefanski
    Chairman and CEO

Video Archive

  • Third Federal 80th Anniversary Celebration
  • TFS-foundation-fullvideo
  • American Graduate Champion Marc Stefanski
  • Slavic Village Renaissance
  • The Balancing Act
  • Why Didn't TFS Offer Subprime Loans
  • What Makes Third Federal Different
  • Third Federal in View
  • Learn more about Third Federal
  • CNBC Interview/Lending on Main Street
  • Bloomberg/Why Third Federal Remains Safe
  • Marc on Fox
  • The History of Third Federal
  • Fox 8 News - Marc Stefanski - Christmas Eve Meal
  • Third Federal Serves Meals in Slavic Village

Message Archive