In 1938, Ben Stefanski and their spouse Gerome began Third Federal Savings and Loan, using the vow of helping those in town attain the desire house ownership and economic safety. In addition to providing home loans, Third Federal is definitely focused on educating their clients regarding the needs of house ownership beyond the payment that is down.
In 1957, the organization started a 2nd branch in Brecksville and also by the finish associated with the 1960s had yet another seven branches. By 1983, the cost cost cost savings and loan had 16 branch workplaces and $1.08 billion in assets. Today, Third Federal has 46 branch workplaces in Ohio and Florida, and lends in 21 states additionally the District of Columbia, rendering it the largest Polish American-led institution that is financial the united states.
As the business has constantly committed it self to assisting people in the Slavic Village community afford homes, they usually have also made a reputation as a business dedicated to providing back again to the city through philanthropy. Ben Stefanski ended up being a strong supporter for the arts motion, most noted by the commissioning of a mural by Peter Paul Dubaniewicz. The mural was focused on the general public and depicts the building of America by males of numerous countries.
Aside from the arts, Stefanski had been a supporter that is great of in the neighborhood. In 1965, he provided $1 million to your Catholic Diocese tall class Fund for the building of 11 brand brand new high schools and expansion of seven existing schools. It had been this extreme charity that attained him the nickname “Benefactor” Stefanski. Today, Third Federal nevertheless follows the illustration of Mr. Stefanski within their commitment towards the education and wellness of the in the neighborhood. In 2007, the business created the $55 million Third Federal Foundation as soon as the company went public through its IPO. The goal of the inspiration is always to bring lovers together in collaboration of programs that promote training in the neighborhood. The foundation’s initiatives range from the P-16 system and A solution Scholarship system at Cleveland Central Catholic twelfth grade. The P-16 system works closely because of the Cleveland Metropolitan School District to boost educational experiences for those within the Slavic Village through the utilization of tutoring programs, after school programs, and scholarships. They usually have additionally collaborated with Metro wellness to place a center in a neighborhood college. This system has proven therefore effective that a health that is mobile had been put into solution extra schools, more school-based clinics are prepared.
Lately, Third Federal developed Trailside Slavic Village. a neighbor hood of brand new construction, affordable housing, constructed on the website of previous light industrial buildings. Starting construction in 2013, Trailside is located over the Morgana Run Trail and it is right beside the next Federal headquarters. Presently in stage 1, the growth provides two various style domiciles, each with three rooms and available flooring plans. Every one of the houses meet or surpass Cleveland’s Green Energy standard with deposit help and taxation abatement.
Third Federal is devoted to benefiting not just the surrounding community, but additionally the associates whom result in the business because successful as it offers become. Third Federal is showcased on Forbes’ set of the 100 most readily useful organizations to the office For, plus the business boasts so it has not yet had a solitary layoff in its history. Associates are cross-trained to aid various areas as required. Third Federal provides a range training possibilities, tuition reimbursement, and tosses annual admiration activities.
With its 77 many years of procedure, Third Federal is becoming a piece that is crucial of Slavic Village neighbor hood through its continued dedication towards the betterment associated with the community all together. The organization has very very long resided as much as its mission of “helping individuals achieve the desire house ownership and stability that is financial while producing value for the communities, our customers, our associates, and our stockholders.”
Source: Third Federal War Bonds: 3rd Federal advertisement for war bonds
Source: Third Federal Ben Stefanski with sculpture: Ben Stefanski(left) donated the funds when it comes to sculpture of Polish Scientist Nicolaus Copernicus become included with the Polish Cultural Garden. Additionally pictured is Frank L. Jirouch, the sculptor whom made the breasts.
Source: Cleveland State University. Special Collections. Cleveland Memory Project. 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 a scheduled program commonly described as Pools within the Lake. Stefanski had been plumped for being person in Stokes’ case due to the prominence of their 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 in the NASDAQ change in nyc in 2007 whenever Third Federal finished their IPO and became a publicly-traded business.
Supply: Third Federal Third Federal 75th Anniversary: Photo of this senior administration group during Third Federal’s 75th Anniversary in 2013.