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Third Federal Savings and Loan. Through the years, Third Federal expanded far beyond its home office at 7007 Broadway Avenue.

By on August 5, 2021

Third Federal Savings and Loan. Through the years, Third Federal expanded far beyond its home office at 7007 Broadway Avenue.

In 1938, Ben Stefanski and their spouse Gerome began Third Federal Savings and Loan, aided by the vow of assisting those who work in town attain the imagine house ownership and security that is financial. In addition to providing home mortgages, Third Federal is definitely specialized in educating their clients from the demands of house ownership beyond the advance payment.

In 1957, the organization launched a branch that is second Brecksville and by the conclusion of this 1960s had yet another seven branches. By 1983, the cost cost savings and loan had 16 branch workplaces and $1.08 billion in assets. Today, Third Federal has 46 branch offices in Ohio and Florida, and lends in 21 states while the District of Columbia, which makes it the biggest Polish American-led institution that is financial the nation.

Even though the business has constantly devoted itself to assisting people in the Slavic Village community afford homes, they will have additionally attained a reputation as a business specialized in providing back once again to the city through philanthropy. Ben Stefanski had been a strong supporter of this arts movement, most noted by the commissioning of a mural by Peter Paul Dubaniewicz. The mural ended up being specialized in the general public and depicts the building of America by guys of numerous countries.


As well as the arts, Stefanski ended up being a supporter that is great of in town. In 1965, he offered $1 million to your Catholic Diocese twelfth grade Fund for the building of 11 brand brand new high schools and expansion of seven schools that are existing. It had been this charity that is extreme obtained him the nickname “Benefactor” Stefanski. Today, Third Federal nevertheless follows the exemplory instance of Mr. Stefanski inside their dedication towards the training and wellness of these in the community. In 2007, the business developed the $55 million Third Federal Foundation whenever company went public through its IPO. The objective of the inspiration is always to bring partners together in collaboration of programs that promote training in the city. The foundation’s initiatives are the P-16 program and A solution Scholarship program at Cleveland Central Catholic twelfth grade. The P-16 system works closely utilizing the Cleveland Metropolitan School District to boost academic experiences for those in the Slavic Village through the utilization of tutoring programs, after college programs, and scholarships. They have additionally collaborated with Metro wellness to place a hospital in a school that is local. This system has proven therefore effective that the health that is mobile had been included with solution extra schools, more school-based clinics are prepared.

Of late, Third Federal developed Trailside Slavic Village. a community of brand new construction, affordable housing, constructed on your website of previous light industrial buildings. Starting construction in 2013, Trailside is located across the Morgana Run Trail and it is next to the next Federal headquarters. Presently in Phase 1, the growth provides two various design domiciles, each with three rooms and open flooring plans. Every one of the true houses meet or surpass Cleveland’s Green Energy standard with advance payment help and tax abatement.

Third Federal is invested in benefiting not merely the surrounding community, but in addition the associates whom result in the business because successful as it offers become. Third Federal is featured on Forbes’ variety of the 100 most readily useful businesses to operate For, plus the business boasts it hasn’t had a solitary layoff in its history. Associates are cross-trained to aid various the areas as required. Third Federal offers a quantity of training possibilities, tuition reimbursement, and tosses annual admiration activities.

In its 77 several years of procedure, Third Federal is actually a piece that is crucial of Slavic Village neighbor hood through its continued dedication into the betterment associated with the community in general. The organization has long resided as much as its mission of “helping individuals attain the imagine house ownership and monetary stability, while producing value for the communities, our clients, our associates, and our stockholders.”



Supply: 3rd Federal War Bonds: 3rd Federal advertisement for war bonds

Supply: Third Federal Ben Stefanski with sculpture: Ben Stefanski(left) donated the funds for the sculpture of Polish Scientist Nicolaus Copernicus to be included with the Polish Cultural Garden. Additionally pictured is Frank L. Jirouch, the sculptor whom made the bust.

Supply: Cleveland State University. Special Collections. Cleveland Memory Venture. Ben Stefanski II and Carl Stokes: Ben Stefanski II (far right), the town’s Utilities Director and son of Ben Stefanski, and Mayor Carl B. Stokes together applied program commonly known as Pools into the Lake. Stefanski had been opted for as a known member of Stokes’ case due to the prominence of his family members’ title.

Supply: Cleveland State University. Special Collections. Cleveland Memory Venture. Third Federal goes general general public: Marc Stefanski, their spouse Rhonda and kids at the NASDAQ change in nyc in 2007 when Third Federal completed their IPO and became a company that is publicly-traded.

Supply: Third Federal Third Federal 75th Anniversary: picture of this senior administration group during Third Federal’s 75th Anniversary in 2013.

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