Press Release

Third Federal Named to Best Workplaces for Women by Great Place to Work® and Fortune

Company Release - 9/19/2019 1:49 PM ET

CLEVELAND--(BUSINESS WIRE)-- Third Federal (Nasdaq: TFSL) is #60 on the Great Place to Work® and Fortune list of Best Workplaces for Women for 2019. With more than 1,000 associates, the $14.2 billion company, founded in 1938, is a traditional savings and loan rooted in the mission of helping customers achieve the dream of homeownership and financial security. With 45 branch offices in Ohio and Florida, the company lends in 25 states and the District of Columbia.

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Chairman and CEO Marc A. Stefanski (Photo: Business Wire)

Chairman and CEO Marc A. Stefanski (Photo: Business Wire)

“My mother and father started Third Federal back in the midst of the Depression,” said Chairman and CEO Marc A. Stefanski. “My mother was an integral part of the business from the beginning, including serving as a member of the Board of Directors for more than 20 years. Continuing to have a company where the voices of our female associates are encouraged and supported, and the opportunities for career growth are stressed, really goes back to our founding. The team of women we have in place from the top down make Third Federal a great place to work, and we are proud to be honored in this way.”

Third Federal has been named a top workplace prior to its inclusion on this list, being named on Northeast Ohio’s Best Employers list, Ohio’s Best Employers list and the Fortune 100 Best Places to Work five times in the early 2000s. Most recently, Third Federal was named to the list of best workplaces by Fortune in March 2019.

The company boasts a less than 3 percent annual turnover rate and serves its customers with 1/3 the number of associates than competitors. Of its more than 1,000 associates in Ohio and Florida, 77 percent are women. Additionally, 70 percent of the associates in manager roles are women, including four of the five members of the executive team.

Great Place to Work based its ranking on a data-driven methodology applied to anonymous Trust Index™ survey responses representing more than 4.6 million employees at Great Place to Work-CertifiedTM organizations.

Third Federal Savings and Loan Association is a leading provider of savings and mortgage products, and operates under the values of love, trust, respect, a commitment to excellence and fun. Founded in Cleveland in 1938 as a mutual association by Ben and Gerome Stefanski, Third Federal’s mission is to help people achieve the dream of home ownership and financial security. It became part of a public company in 2007, and celebrated its 80th anniversary in May, 2018. Third Federal, which lends in 25 states and the District of Columbia, is dedicated to serving consumers with competitive rates and outstanding service. Third Federal, an equal housing lender, has 21 full service branches in Northeast Ohio, eight lending offices in Central and Southern Ohio, and 16 full service branches throughout Florida. As of September 30, 2018, the Company’s assets totaled $14.2 billion. For more, visit our website at

Jennifer Rosa
(216) 429-5037

Source: Third Federal Savings and Loan