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Third Federal Offers $1,000 Home Buyer's Purchase Credit in Ohio and Florida

CLEVELAND, March 23, 2015 (GLOBE NEWSWIRE) -- Third Federal (Nasdaq:TFSL) is now offering a $1,000 credit for closing on a purchase mortgage with Third Federal this home buying season. The credit will be issued in the form of a check after the purchase loan closes.

The credit applies to all Third Federal purchase mortgages, including both fixed and adjustable-rate first mortgages. The credit is being offered in both Ohio and Florida.

"In 2009, the federal government launched a home buyer's tax credit that significantly increased home purchases for a period of time," said Third Federal Chairman and CEO Marc A. Stefanski. "The housing purchase market needs a spark right now. We believe that a home buyer's credit will help stimulate home purchase activity and provide additional economic benefit to the communities we serve. Our program will help put more people into homes just like the government credit did in 2010. It's more sunshine and blue skies for home buyers."

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, our mission is to help people achieve the dream of home ownership and financial security by creating value for our customers, communities, associates and stockholders. We became part of a public company in 2007 and celebrated our 75th anniversary in May, 2013. Third Federal, which lends in 21 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 17 full service branches throughout Florida. As of December 31, 2014, the Company's assets totaled $12.1 billion. For more information, visit thirdfederal.com.

CONTACT: David Reavis (216) 429-5036 david.reavis@thirdfederal.com

Source: Third Federal Savings and Loan