CLEVELAND, June 18, 2009 (GLOBE NEWSWIRE) -- Third Federal Savings & Loan (Nasdaq:TFSL) has been named Ohio's Best Employer. The company, headquartered in Cleveland, is tops among large companies (250 employees or more) in the survey, administered by the Best Companies Group and by the Society for Human Resource Management - Ohio State Council.
Third Federal associates in Ohio were randomly selected to complete the online survey. More than 300 of the 350 associates completed the study -- an 89 percent response rate. Associates were asked questions in several categories relating to management and job satisfaction to corporate culture and benefits.
Respondents were also given an opportunity to answer two open-ended questions about why their company was a great place to work. Third Federal associates overwhelmingly responded that what sets the company apart is the value system that all of the company associates, from managers to tellers, embrace.
"Knowing that our associates not only understand the value system we have here, but that they know it is what sets us apart from other companies is truly gratifying," said Marc A. Stefanski, chairman and CEO. "It reminds me that we are doing the right thing not only for our customers, but also for our associates."
Third Federal has a value system of love, trust, respect, commitment to excellence and fun. Stefanski noted that it is the continued devotion to Third Federal's values that kept the bank from getting involved with the subprime mess.
Third Federal Savings and Loan Association, named for five years to the Fortune list of "100 Best Companies to Work for," is a leading provider of savings and mortgage products. Founded in Cleveland in 1938 as a mutual association by Ben and Gerome Stefanski, Third Federal became a public company with a minority stock offering in April 2007. The Association is dedicated to serving consumers with competitive rates and outstanding customer service. Third Federal, an equal housing lender, serves customers from 23 full service branches in Northeast Ohio, eight lending offices in Central and Southern Ohio, and 15 full service branches throughout Florida. As of March 31, 2009, Third Federal had total assets of $10.8 billion.
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Best Companies Group is dedicated to establishing "Best Places to Work," "Best Companies" and "Best Employers" programs in an effort to single out companies who are superior in workplace excellence.