Third Federal Named Corporate Partner Award Winner at First Vibrant City Awards Luncheon

CLEVELAND, April 29, 2015 (GLOBE NEWSWIRE) -- Third Federal Savings & Loan is the first recipient of the Corporate Partner Award at the first annual Vibrant City Awards Luncheon hosted by Cleveland Neighborhood Progress.

The award recognized a corporation, company, or private sector champion that has displayed dedication and provided financial support to make a community vision become reality. Other finalists for the Corporate Partner Award were Heinen's Fine Foods and Fairview Hospital.

"We are honored to be recognized for such a prestigious award," said Third Federal Chairman and CEO Marc A. Stefanski. "Since 1938, when Third Federal was founded by my parents, we've been headquartered in Slavic Village. While we've expanded the footprint several times, we're still at the same corner where my parents started the business. We continue to invest, support, and champion the Slavic Village neighborhood and the residents that have nurtured us for more than 75 years."

Third Federal has invested more than $60 million in the neighborhood and currently employs more than 500 associates at its headquarters. Third Federal is an active partner and funder of many Slavic Village initiatives, including:

  • Trailside Slavic Village, a housing development featuring new single-family homes for sale;
  • MyCOM/P-16, a cradle to career educational partnership to transform the community;
  • Cleveland Central Catholic High School and its service scholarship program;
  • The Broadway Development Initiative;
  • Broadway Place home for seniors;
  • HomeToday, an innovative lending and financial education program; and,
  • Tutoring/mentoring in neighborhood Cleveland Metropolitan School District schools.

Cleveland Neighborhood Progress is a nationally-recognized nonprofit that works in partnership with community development corporations, local foundations, the business community and government to support Cleveland's neighborhoods and improve quality of life for city residents.

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 will celebrate its 77th anniversary in May, 2015.

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.

CONTACT: David Reavis (216) 429-5036

Source: Third Federal Savings and Loan