In 1938, Ben Stefanski and his spouse Gerome began Third Federal Savings and Loan, with all the vow of assisting those in town attain the imagine house ownership and security that is financial. In addition to providing home loans, Third Federal is definitely aimed at educating their clients in the needs of home ownership beyond the payment that is down.
In 1957, the business started a 2nd branch in Brecksville and also by the finish regarding the 1960s had an extra seven branches. By 1983, the 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 therefore the District of Columbia, rendering it the biggest Polish American-led institution that is financial the nation.
As the business has always committed it self to assisting people of the Slavic Village community afford homes, they will have additionally received a reputation as a business specialized in providing back again to town through philanthropy. Ben Stefanski ended up being a strong supporter associated with arts motion, 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 several countries.
Besides the arts, Stefanski ended up being a great supporter of training in the neighborhood. In 1965, he offered $1 million towards the Catholic Diocese twelfth grade Fund for the building of online payday loans Vermont 11 brand brand brand new high schools and expansion of seven schools that are existing. It absolutely was this extreme charity that obtained him the nickname “Benefactor” Stefanski. Today, Third Federal nevertheless follows the exemplory case of Mr. Stefanski inside their commitment towards the training and wellness of these in the neighborhood. In 2007, the business developed the $55 million Third Federal Foundation if the company went public through its IPO. The goal of the building blocks is always to together bring partners in collaboration of programs that promote training in the neighborhood. The foundation’s initiatives are the P-16 system and an ongoing solution Scholarship system at Cleveland Central Catholic senior high school. The P-16 system works closely with all the Cleveland Metropolitan School District to boost experiences that are educational those into the Slavic Village through the utilization of tutoring programs, after college programs, and scholarships. They will have additionally collaborated with Metro wellness to place a hospital in a regional college. This system has proven therefore effective that a mobile wellness center was included with solution extra schools, more school-based clinics are planned.
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 over the Morgana Run Trail and it is next to the next Federal headquarters. Presently in stage 1, the growth provides two style that is different, each with three rooms and available flooring plans. All the true houses meet or surpass Cleveland’s Green Energy standard with advance payment help and taxation abatement.
Third Federal is dedicated to benefiting not just the community that is surrounding but in addition the associates whom result in the company because successful as it offers become. Third Federal is showcased on Forbes’ directory of the 100 most useful businesses to get results For, as well as the business boasts so it hasn’t possessed a layoff that is single its history. Associates are cross-trained to help in the areas as required. Third Federal provides a range training possibilities, tuition reimbursement, and tosses yearly admiration occasions.
With its 77 many years of procedure, Third Federal has grown to become a piece that is crucial of Slavic Village community through its continued dedication to your betterment regarding the community in general. The business has long resided as much as its objective of “helping individuals attain the desire house ownership and stability that is financial while producing value for the communities, our clients, our associates, and our stockholders.”
Media
Pictures
Source: 3rd 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 to be included with the Polish Cultural Garden. Also pictured is Frank L. Jirouch, the sculptor who made the breasts.
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 a scheduled program commonly known as Pools within the Lake. Stefanski ended up being selected as being a known person in 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 in the NASDAQ change in new york in 2007 whenever Third Federal finished their IPO and became a publicly-traded business.
Supply: Third Federal Third Federal anniversary that is 75th picture of this senior administration group during Third Federal’s 75th Anniversary in 2013.