About Third Federal Savings and Loan
During the Depression in the 1930s, nearly one-third of Cleveland, Ohio residents were unemployed or underemployed. To keep the dream of home ownership alive, Ben S. Stefanski and his wife, Gerome, applied for a federal charter to create a savings and loan association in the vicinity of East 70th Street and Broadway Avenue. In fact, the Stefanskis were so committed to the idea that they applied for the charter on their honeymoon.
With the initial $50,000 in capital provided by members of the Slavic Village neighborhood, Third Federal Savings and Loan Association opened its first office on Broadway Avenue on May 7, 1938… Continue reading about Third Federal Savings and Loan here
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