CLEVELAND – (COMMERCIAL THREAD) – Third Federal (NASDAQ: TFSL) is not waiting for a second government stimulus this year to help its associates. At the company’s first-ever virtual winter annual meeting, Chief Executive Officer Marc Stefanski announced that the 1,000 associates of Third Federal will receive a net bonus of $ 1,500 to end the year, in addition to the annual end-of-year bonus for the company.

The bonus is for all the hard work, dedication and loyalty that associates have shown to their clients and the company in 2020.

“As a core business, our doors and phone lines have been open to our customers since the early days of the pandemic,” Stefanski said. “With all the uncertainty this year, we’ve always found ourselves in the middle of a refinancing boom, adding a significant amount to the workload. Although our associates have been under tremendous stress, they still close home loans within 45 days and provide excellent customer service to our clients. They live by our values ​​of love, trust, respect and commitment to excellence, and continue to do all they can to help us be successful.

Third Federal has issued the most loans in a single year since its initial public offering in 2007, increasing loan issuance from $ 1.8 billion to over $ 3 billion in 2020.

This year, in addition to the regular bonuses, the company offered extra time off, gift cards, Kona Ice trucks, Thanksgiving turkeys, and celebrated fall with butterscotch apples for all associates working in their area. branch system and at its head office.

The Third Federal Savings and Loan Association is a leading provider of mortgage savings and loan products and operates under the values ​​of love, trust, respect, commitment to excellence and pleasure. Founded in Cleveland in 1938 as a mutual association by Ben and Gerome Stefanski, Third Federal’s mission is to help people realize their dreams of home ownership and financial security. It became a public limited company in 2007 (Nasdaq: TFSL). Third Federal, which lends in 25 states and the District of Columbia, is dedicated to serving consumers with competitive rates and exceptional service. Third Federal, an Equal Housing Lender, has 21 full-service branches in Northeast Ohio, seven loan offices in central and southern Ohio, and 16 full-service branches throughout Florida. As of September 30, 2020, the Company’s assets totaled $ 14.6 billion.