Third Federal Savings and Loan Association Reviews | Glassdoor

Third Federal Savings and Loan Association Reviews

4 reviews

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2.0
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Approve of CEO
Third Federal Savings and Loan Association Chairman, President, and CEO Marc A. Stefanski
Marc A. Stefanski
1 Rating

4 Employee Reviews

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  1. Helpful (2)

    "Poor Management"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Cleveland, OH
    Former Employee - Anonymous Employee in Cleveland, OH
    Doesn't Recommend
    Positive Outlook
    Approves of CEO

    I worked at Third Federal Savings and Loan Association (More than 3 years)

    Pros

    Benefits and Employee Stock plan were very generous.

    Cons

    Total disregard for individual contributions. Team focus was taken to an extreme; to the point of not recognizing high performing employees. There is a lack of accountability and immediate managers have very little authority or decision making power. All decisions are made at a much higher level. The company states they make decisions by team consensus, but that is not the case. More often than not team recommendations are ignored. Every employee is treated the same to the detriment of ones career. There is no career path and when asked about career paths management become agitated.

    Advice to Management

    Live by the value system that you preach repeatedly.


  2. Helpful (1)

    "Management"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Management in Cleveland, OH
    Former Employee - Management in Cleveland, OH
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    Pros

    Easy hours and decent benefits.

    Cons

    This place is a great place to work if and only if you are looking for a job and not a career. Management is uneducated and thinks too highly of themselves. The one thing that management is somewhat good at, is identifying potential and exploiting it until the employees realize they are being taken advantage of. If you become management or get into "The Program", meaning the management training program (no program actually exists. There is no training or development of management skills) do not dare to use all of your sick time or you will be told you need to improve your attendance, because you are held to a higher standard. Wages are extremely low and this bank is plagued with long term employees that have a negative attitude.

    Advice to Management

    Develop your employees and retain talent. The only employees you are retaining are those that have no future and sadly lack the skills and education to go elsewhere.


  3. Helpful (3)

    "Stable, but..."

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - IT/IS in Cleveland, OH
    Former Employee - IT/IS in Cleveland, OH
    Doesn't Recommend

    I worked at Third Federal Savings and Loan Association full-time (More than 10 years)

    Pros

    Work/life balance exists with Third Federal.

    The actual employees in IT were a great bunch. Very sharp.

    Cons

    Zero career growth opportunities in IT. This is not an exaggeration.

    Management doesn't want contributors. They want grunts.

    If you're a take charge type, don't look to excel. You -will- be held down. IT Management wants to look good to the B/U, and it will be at your expense.

    Constant micromanagement leads to terrible employee morale. You are given zero freedom to be creative, and all rollouts are designed by non-technical roles. If it fails because of terrible design and planning, you will find yourself under that bus.

    Advice to Management

    Executive Management - Your IT management needs a serious overhaul. You don't hear about it because there is a culture of fear built in to the department. No one will say anything or offer criticism due to a (very well founded) fear of retribution.

    IT Management - Stop micromanaging. Start letting your top talent design your solutions. Accountability! Let go of your egos and make it group success, not individidual success of your own. You have top market talent that is going to waste and will leave the company if they continue to feel underutilized. You are naive to think other companies are not chomping at the bit to have some of those guys!


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  5. Helpful (3)

    "If you do not like a challenge please apply"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Business Development in Columbus, OH
    Former Employee - Business Development in Columbus, OH

    I worked at Third Federal Savings and Loan Association full-time (More than 3 years)

    Pros

    stable, work life balance, a steady paycheck

    Cons

    low pay, little opportunity, mindless work

    Advice to Management

    You need to listen to people on the front line. You are complety disconnected from reality. Lose the cult culture in Cleveland, Offer porducts that customers acutally would like


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