Sep, 30, 2025 — FALL RIVER MUNICIPAL CREDIT UNION is a federally insured state chartered credit union headquartered in FALL RIVER, MA with 3 branch locations and about $305.26 million in total assets. Opened 96 years ago in 1930, FALL RIVER MUNICIPAL CREDIT UNION has about 13,349 members and employs 49 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | FALL RIVER MUNICIPAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 333 Milliken Blvd FALL RIVER, MA 02721 |
| Phone: | (508) 678-9028 |
| Fax: | (508) 235-2496 |
| Website: | https://www.frmcu.com |
| Branches: | 3 branch locations |
| Members: | 13,349 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 67894 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1930 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $305,257,954 |
| CEO/Manager: | Matthew Schondek |
| Chairperson: | Carl Garcia |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 5,928,931 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 99,670,679 |
| Unsecured Loans | 3,550,575 |
| Other Loans | 81,811,449 |
| TOTAL LOANS | 185,367,831 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -587,252 |
| Land And Building | 2,121,704 |
| Other Fixed Assets | 491,096 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 1,994,930 |
| All Other Assets | 0 |
| TOTAL ASSETS | 305,257,954 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 57,066,127 |
| Accounts Payable & Other Liabilities | 810,408 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 32,567,424 |
| Regular shares | 79,289,767 |
| All Other Shares & Deposits | 112,329,229 |
| TOTAL SHARES & DEPOSITS | 224,186,420 |
| TOTAL LIABILITIES | 282,062,955 |
| Regular Reserve | 0 |
| Other Reserves | -6,276,654 |
| Undivided Earnings | 29,471,653 |
| TOTAL EQUITY | 23,194,999 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 305,257,954 |
| INCOME & EXPENSE | |
| Loan Income | 6,620,760 |
| Investment Income | 2,167,451 |
| Other Income | 526,580 |
| Total Employee Compensation & Benefits | 2,500,911 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 2,197,562 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 255,453 |
| Cost of Funds | 4,846,685 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 196,543 |
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