TFS Financial Corp

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TFS Financial Corp is a holding company that owns and operates the Third Federal Savings and Loan Association of Cleveland. Third Federal is a retail savings and loan association that offers a range of consumer financial services, including mortgage loans, home equity loans, and savings products. TFS Financial Corp was founded in 1938 and is headquartered in Cleveland, Ohio. It operates primarily in Ohio, Florida, and New York. The company’s mission is to help its customers achieve financial stability through responsible lending and personalized service.

1. Financial Stability: TFS Financial Corp is a financially stable company with a strong credit rating and consistent profitability. This provides investors and customers with a sense of security and trust.
2. Business Model: TFS Financial Corp operates as a mutually owned savings and loan association, meaning it is owned by its depositors and operates for their benefit rather than for shareholders. This unique business model sets it apart from traditional corporations and emphasizes its customer-centric approach.
3. Community-focused: TFS Financial Corp has a long history of giving back to the communities in which it operates. The company's charitable foundation has donated millions of dollars to various causes and charities, demonstrating its commitment to making a positive impact in the communities it serves.
4. Strong Mortgage Lending Business: TFS Financial Corp is one of the largest originators of single-family residential mortgages in the United States, providing customers with a wide range of mortgage products and services. This strong mortgage lending business contributes to the company's overall success and stability.
5. Technology and Innovation: TFS Financial Corp has invested heavily in technology and innovation to improve its customer experience. This includes a user-friendly website, online and mobile banking services, and advanced security measures to protect customer information.
6. Employee Ownership: TFS Financial Corp is one of the few publicly traded companies in the United States with a majority of its employees as shareholders. This unique ownership structure aligns the interests of employees and shareholders and promotes a strong sense of teamwork and dedication within the company.
7. Long History: TFS Financial Corp has a long and successful history dating back to 1938. This track record of stability, growth, and customer satisfaction showcases the company's enduring success and commitment to its stakeholders.

TFS Financial Corp is a financial services company that operates as the holding company for Third Federal Savings and Loan Association of Cleveland, which provides retail consumer banking products and services, including mortgage lending, deposit gathering, and other financial services. The company's primary business model is to generate revenue through interest income from its mortgage loan portfolio and non-interest income from various fees and charges associated with its banking services. Additionally, TFS Financial Corp also generates income through the sale of loans and securities, as well as through investments in mortgage-backed securities and other financial instruments. The company primarily operates in the Midwestern and Northeastern regions of the United States, targeting home buyers and savers in these areas. TFS Financial Corp's business model focuses on providing competitive interest rates, personalized customer service, and low fees to attract and retain customers.

1. Established in 1938, TFS Financial Corp is a publicly traded company that serves as the holding company for Third Federal Savings and Loan Association of Cleveland.
2. The company operates branch locations in Ohio, Florida, and in Cranberry, Pennsylvania.
3. TFS Financial Corp offers a range of banking and financial products and services, including savings accounts, checking accounts, mortgages, and investment services.
4. The company’s headquarters are located in Cleveland, Ohio and as of 2021, has over 1,100 employees.
5. TFS Financial Corp was originally known as “The Third Federal Saving and Loan Association of Cleveland” and was founded by Ben Stefanski, Sr., a Slovenian immigrant.
6. In 1967, the company was converted into a holding company structure, thus creating Third Federal Savings and Loan Association of Cleveland and Third Federal Savings Bank.
7. In 1984, Third Federal Savings and Loan Association of Cleveland officially changed its name to Third Federal Savings and Loan Association of Cleveland, MHC (mutual holding company).
8. TFS Financial Corp became a publicly traded company in 2007, and its stock is listed on the NASDAQ stock exchange under the ticker symbol TFSL.
9. The company has a strong focus on community involvement and philanthropy, donating over $4 million to charitable causes in 2020 alone.
10. In 2021, TFS Financial Corp was recognized as one of America’s Best Employers by Forbes magazine.
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