TFS Financial is the holding company for Third Federal Savings and Loan, a thrift with some 45 branches and loan production offices in Ohio and southern Florida. The bank offers such deposit products as checking, savings, and retirement accounts and CDs. It uses funds from deposits to originate a variety of consumer loans, primarily residential mortgages. Third Federal also offers IRAs, annuities, and mutual funds, as well as retirement and college savings plans. TFS subsidiary Third Capital owns stakes in commercial real estate, private equity funds, and other investments. Mutual holding company Third Federal Savings and Loan Association of Cleveland owns nearly three-quarters of TFS Financial.