Third Federal was founded on the premise of giving back to the community. In fact, even before my parents started Third Federal in 1938, my grandfather and a crew of teamsters dug basements by hand for many of the homes in Slavic Village. For many families during this time, the addition of a basement expanded their living space, further enriching their lives and the dream of homeownership.
My parents Ben and Gerome Stefanski continued this tradition of giving back as they started and grew Third Federal, expanded into new neighborhoods, and supported the livelihoods of many residents and organizations in and around the bank.
Today, our 1,000 plus associates and I are proud to say our legacy of giving back is stronger than ever. Recently, the Third Federal Foundation, in partnership with the Marc A. and Rhonda L. Stefanski Foundation, announced plans to donate $5 million to fund a center for community health education focused on addressing health disparities and delivering quality healthcare and outreach to Cleveland neighborhoods.
The role of a corporation is greater than simply making money. Earning a profit is important, but making the community a better place for everyone is a legacy that will live on for years to come. My father often liked to say “health is wealth,” and his words certainly ring true today. Through this donation, our hope is that Cleveland residents in need will live healthier, longer, more prosperous lives. That’s a legacy that all of us, as Third Federal associates, can be proud of.
Marc. A Stefanski
Chairman and CEO