SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                  SCHEDULE 13G

   INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULES 13d-1(b),
       (c) AND (d) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(b)
                               (Amendment No. 6)*

                            TF Financial Corporation
             -------------------------------------------------------
                                (Name of Issuer)


                                  Common Stock
             -------------------------------------------------------
                         (Title of Class of Securities)


                                   872391 10 7
             -------------------------------------------------------
                                 (CUSIP Number)


                                December 8, 2006
             -------------------------------------------------------
             (Date of Event Which Requires Filing of this Statement)

Check the  appropriate box to designate the rule pursuant to which this schedule
is filed:

[X]     Rule 13d-1(b)

[ ]     Rule 13d-1(c)

[ ]     Rule 13d-1(d)

* The  remainder of the cover page shall be filled out for a reporting  person's
initial filing on this form with respect to the subject class of securities, and
for any  subsequent  amendment  containing  information  which  would  alter the
disclosures provided in a prior cover page.

         The information  required in the remainder of this cover page shall not
be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 ("Act") or otherwise  subject to the  liabilities of that section of
the Act but shall be subject to all other  provisions of the Act  (however,  see
the Notes).

                         (Continued on following pages)

                                Page 1 of 4 pages



CUSIP No. 872391 10 7             Schedule 13G                 Page 2 of 4 Pages
          -----------             ------------

1.       Name of Reporting Person
         S.S. or I.R.S. Identification Number of above person:

                Third Federal Savings Bank
                Employee Stock Ownership Plan

2. Check the appropriate box if a member of a group*

                  (a) [X]    (b) [ ]

3.       SEC Use Only

4.       Citizenship or Place of Organization:  Pennsylvania
                                                ------------

Number of Shares Beneficially Owned by Each Reporting Person with:

5. Sole Voting Power:                           0
                                          -------

6. Shared Voting Power:                   340,141
                                          -------

7. Sole Dispositive Power:                      0
                                          -------

8. Shared Dispositive Power:              340,141
                                          -------

9. Aggregate Amount Beneficially Owned by Each Reporting Person: 340,141
                                                                 -------

10. Check Box If The Aggregate Amount in Row (9) Excludes Certain Shares*  [ ]

11. Percent of Class Represented by Amount in Row 9:  11.6%
                                                      ----

12. Type of Reporting Person*:   EP
                               ------

                                * SEE INSTRUCTION



                                                               Page 3 of 4 Pages

Item 1(a)         Name of Issuer:  TF Financial Corporation
                  ---------------  ------------------------

Item 1(b)         Address of Issuer's Principal Executive Offices:
                  ------------------------------------------------

                                    3 Penns Trail
                                    Newtown, Pennsylvania 18940

Item 2(a)         Name of Person Filing:
                  ----------------------

                                    Third Federal Savings Bank
                                    Employee Stock Ownership Plan

Item 2(b)         Address of Principal Business Office:  Same as Item 1(b)
                  -------------------------------------  -----------------

Item 2(c)         Citizenship:  Pennsylvania
                  ------------  ------------

Item 2(d)         Title of Class of Securities:  Common Stock
                  -----------------------------  ------------

Item 2(e)         CUSIP Number:    872391 10 7
                  -------------    -----------

Item 3            Check whether the person filing is a:
                  -------------------------------------

Item 3(f)          X   Employee Benefit Plan, in accordance with
                  ---  Rule 13d-1(b)(1)(ii)(F).

Item 3(j)          X   Group, in accordance with Rule 13d-1(b)(1)(ii)(J).
                  ---

Item 3(a)(b)(c)(d)(e)(g)(h)(i) - not applicable.

Item 4(a)         Amount Beneficially Owned:   340,141
                  --------------------------   -------

Item 4(b)         Percent of Class:  11.6%
                  -----------------  ----

Item 4(c)         Number of shares as to which such person has:

                  (i) sole power to vote or to direct  the vote              -0-
                                                                        -------

                  (ii)  shared power to vote or to direct the vote      340,141
                                                                        -------

                  (iii) sole power to dispose or to direct the
                        disposition of                                       -0-
                                                                        -------

                  (iv)  shared power to dispose or to direct the
                        disposition of                                  340,141
                                                                        -------

Item 5            Ownership of Five Percent or Less of Class:
                  -------------------------------------------

                                 Not applicable



                                                               Page 4 of 4 Pages

Item 6            Ownership of More than Five Percent on Behalf of Another
                  -------------------------------------------------------------
                  Person:
                  -------

                                 Not applicable

Item 7            Identification and Classification of the Subsidiary Which
                  -------------------------------------------------------------
                  Acquired the Security Being Reported on by the Parent Holding
                  -------------------------------------------------------------
                  Company.
                  --------

                                 Not applicable

Item 8            Identification and Classification of Members of the Group.
                  ----------------------------------------------------------

                  This  Schedule  13G is being  filed on behalf of the  Employee
                  Stock  Ownership Plan ("ESOP")  identified in Item 2(a) by the
                  Plan Committee and the ESOP Trustee both filing under the Item
                  3(f) and 3(j) classifications. Exhibit A contains a disclosure
                  of the voting and dispositive powers over shares of the issuer
                  held directly by these entities exclusive of those shares held
                  by the  ESOP as well as  identification  of  members  of these
                  groups.

Item 9            Notice of Dissolution of Group.
                  -------------------------------

                                 Not applicable

Item 10           Certification.
                  --------------

                  By signing  below, I certify that, to the best of my knowledge
                  and belief, the securities  referred to above were acquired in
                  the ordinary  course of business and were not acquired for the
                  purpose  of  and  do  not  have  the  effect  of  changing  or
                  influencing  the control of the issuer of such  securities and
                  were not acquired in connection  with or as a  participant  in
                  any transaction having such purpose or effect.



SIGNATURE:

         After reasonable inquiry and to the best of my knowledge and belief, as
a member of the Plan Committee, I certify that the information set forth in this
statement is true, complete and correct.


/s/Kent C. Lufkin                              February 13, 2007
-------------------------------------------    ---------------------------------
Kent C. Lufkin, as Plan Committee member       Date



/s/Dennis R. Stewart                           February 13, 2007
-------------------------------------------    ---------------------------------
Dennis R. Stewart, as Plan Committee member    Date


/s/Richard E. Eble                             February 13, 2007
-------------------------------------------    ---------------------------------
Richard E. Eble, as Plan Committee member      Date


/s/Beth A. Mallak                              February 13, 2007
-------------------------------------------    ---------------------------------
Beth A. Mallak, as Plan Committee member       Date







SIGNATURE:



         After reasonable inquiry and to the best of my knowledge and belief, as
a member of the ESOP Trustee,  I certify that the  information set forth in this
statement is true, complete and correct.


/s/Robert N. Dusek                             February 13, 2007
-------------------------------------------    ---------------------------------
Robert N. Dusek, as Trustee                    Date




/s/George A. Olsen                             February 13, 2007
-------------------------------------------    ---------------------------------
George A. Olsen, as Trustee                    Date



Exhibit A
---------

                       Identification of Members of Group
                       ----------------------------------

         Shares of common  stock of the issuer are held in trust for the benefit
of participating  employees by the ESOP Trustee.  The ESOP Trustee shares voting
and  dispositive  power with the Plan  Committee.  By the terms of the ESOP, the
ESOP  Trustee  votes  stock  allocated  to  participant  accounts as directed by
participants.  Stock held by the ESOP Trust,  but not yet  allocated is voted by
the ESOP  Trustee as directed by the Plan  Committee.  Investment  direction  is
exercised  by the ESOP  Trustee  as  directed  by the Plan  Committee.  The Plan
Committee and the ESOP Trustee share voting and  dispositive  power with respect
to  the  unallocated  stock  held  by  the  ESOP  pursuant  to  their  fiduciary
responsibilities  under Section 404 of the Employee  Retirement  Income Security
Act of 1974, as amended.

         Members of the Plan Committee and their beneficial  ownership of shares
of common stock of the issuer  exclusive of membership on the Plan Committee and
of shares beneficially owned as a Participant in the ESOP are as follows:


                            Beneficial               Beneficial Ownership
    Name                    Ownership (1)            as Plan Participant
    ----                    -------------            -------------------

Kent C. Lufkin                 42,459                      2,836
Richard E. Eble                 5,047                      5,935
Dennis R. Stewart              29,134                      3,574
Beth A. Mallak                      0                        713



         The ESOP  Trustee and their  beneficial  ownership  of shares of common
stock of the issuer  exclusive  of  responsibilities  as a ESOP  Trustee  are as
follows:


                            Beneficial               Beneficial Ownership
    Name                    Ownership (1)            as Plan Participant
    ----                    -------------            -------------------

Robert N. Dusek               107,688                          0
George A. Olsen                62,196                          0



(1)  Beneficial ownership as of January 8, 2007. Includes shares of common stock
     of issuer owned in conjunction with family members.  The Plan Committee and
     ESOP Trustees  disclaim  ownership of these shares in conjunction  with the
     exercise of their fiduciary  duties as members of the Plan Committee and as
     ESOP Trustees. Excludes shares beneficially owned as a Plan Participant.