TFS Financial Corporation is a financial holding company for Third Federal Savings and Loan Association of Cleveland, a mutually-owned savings and loan institution that operates residential lending and deposit-taking businesses. The Association originates residential mortgage loans (both fixed-rate and adjustable-rate products) and home equity loans, generating the majority of its revenue from interest income on these loans and a smaller portion from non-interest income such as loan fees and gains on loan sales. It funds its lending operations primarily through retail deposits supplemented by borrowings from the Federal Home Loan Bank and other wholesale sources, and operates 36 branch offices across Ohio and Florida while also originating loans in 28 additional states, serving customers with strong credit profiles through conservative underwriting standards.