March 30, 2009

Third Federal Savings and Loan Chairman to Address Housing Crisis


Case Western Reserve University President Barbara R. Snyder has invited Marc A. Stefanski, chairman and CEO of Third Federal Savings and Loan and TFS Financial Corporation, to campus for a question-and-answer session about the current housing crisis and how it impacts urban families. Stefanski will also share the bank's successful model of consumer education.

The free public event begins at 3:30 p.m. on Friday, April 3, in the multi-purpose classroom at the Mandel Center for Nonprofit Organizations. A reception follows.

Helping customers become successful homeowners has always been the goal of the financial institution. To ensure prospective borrowers understand the responsibilities of homeownership, Stefanski initiated a number of programs through Third Federal to help families manage the expenses of homeownership. Begun in 2001, Stefanski launched HomeToday and with the help of 100 partners, has referred over 13,000 participants to seminars, and more than 4,000 individuals have become successful homeowners.

Stefanski also created the Third Federal Savings and Loan Foundation, through which it supports community-based programs including the Broadway Initiative, a comprehensive urban redevelopment initiative and the Family Academy, a program of the Cleveland Metropolitan School District.

With assets of more than $10 billion in 2008, Third Federal Savings and Loan has weathered the financial crisis better than other financial institutions, and for five years was named to Fortune’s “100 Best Companies to Work for” list. Founded in Cleveland in 1938 in Cleveland’s Slavic Village neighborhood by Ben and Gerome Stefanski, the savings and loan became a public company with a minority stock offering in early 2007.

For more information about this event, contact Crystal Daprile at 216-368-2140 or at

Posted by: Kimyette Finley, March 30, 2009 02:03 PM | News Topics: Community Outreach, Events, Lectures/Speakers, news

Case Western Reserve University is committed to the free exchange of ideas, reasoned debate and intellectual dialogue. Speakers and scholars with a diversity of opinions and perspectives are invited to the campus to provide the community with important points of view, some of which may be deemed controversial. The views and opinions of those invited to speak on the campus do not necessarily reflect the views of the university administration or any other segment of the university community.