The Home Ownership Financial Literacy Council (“HOFLC”) is a non-profit corporation created to provide its members with the necessary tools to successfully navigate the path of home ownership.  Whether you are a first-time homebuyer, veteran or refinancing your current home, we have the resources to help you make an informed decision.

Instant Access to Essential Financial Tools

When you sign up, you get the power of information at your fingertips. With a one-time membership fee of $10, you’ll enjoy lifetime HOFLC benefits, including:

  • Articles from reliable resources
  • Calculators to help you plan to the penny
  • Training webinars from industry experts (Coming soon!)
  • Videos from professionals in the industry


Board of Directors

Jeff Ference, President/Director

Jeff earned his B.S.B.A in Finance and subsequently became a Certified Public Accountant. He has worked in key positions at Lafayette Federal Credit Union for 24 years, where he is currently the Senior Vice President of Operations. Jeff is active with the credit union, serving as a Secretary of the Board for Preferred Business Xchange (PBX). In addition, Jeff is a member of the Commercial Loan and Delinquency/Loss Mitigation Committees.

Arnold Rosenthal, Treasurer/Director

Arnold has had extensive experience within the financial industry, with a particular focus on loan portfolio management and establishing major economic and financial objectives for organizations. Arnold has worked for the U.S. Small Business Administration, CB Richard Ellis Real Estates Services, and currently works for Lafayette Federal Credit Union as the Executive Vice President/Chief Finance Officer. In addition, Arnold serves as Treasurer of the Board for Preferred Business Xchange (PBX).

B. John Farmakides, Director

As a senior level executive for numerous years, John is especially skilled in financial management, commercial real estate finance, and investment banking. He has managed the operations and conducted large-scale privatization for credit unions, banks and federal government clients. Currently, John is the President/CEO of Lafayette Federal Credit Union, where he provides overall leadership, direction and guidance for the organization. In addition, John serves as Director of the Board for Preferred Business Xchange (PBX).