CLEVELAND, June 16, 2015 (GLOBE NEWSWIRE) -- For more than 25 years, Third Federal Savings and Loan (Nasdaq:TFSL) has been recognized as a 5-star financial institution by Bauer Financial. Less than 1 percent of financial institutions have been 5-star rated as long as Third Federal. The rating is based on information for the quarter ended March 31, 2015.
Independent agency Bauer Financial reports data on banks and financial institutions, ranking them quarterly on specific criteria for safety and soundness. No institution can pay to be on the list, nor excluded from it. Bauer has been reviewing financial institutions since 1988.
“To continue to have a superior rating from a well-respected, independent agency like Bauer is important to both our customers and to us,” said Third Federal Chairman and CEO Marc A. Stefanski. “It is an honor to be one of the few institutions in the country that have been ranked 5-stars for more than 100 quarters in a row.”
Third Federal Savings and Loan 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, our mission is to help people achieve the dream of home ownership and financial security. We became part of a public company in 2007 and celebrated our 75th anniversary in 2013. 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 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 March 31, 2015, the assets of Third Federal Savings and Loan totaled $12.1 billion. For more information about Third Federal, visit us at thirdfederal.com.