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Compensation 990 is an independent service that uses public IRS Form 990 filings as its source data. We clean and standardize this information, but the original filings may contain errors or omissions. Years on this site refer to the organization’s fiscal year end date on the filing.

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Organizations Fall River Municipal Credit Union

Fall River Municipal Credit Union

Fiscal year ending 2024. Filed on November 6, 2025.

333 Milliken Boulevard
Fall River, Massachusetts 02721

Fall River Municipal Credit Union (EIN: 04-1298900) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2024 IRS Form 990 filing, Fall River Municipal Credit Union, a 501(c)(14) state-chartered credit union or mutual reserve fund, reported compensation for 4 out of 64 total employees. Among the employees shown here, the average compensation is $135,715. The highest compensated employee at Fall River Municipal Credit Union is Matthew Schondek with fiscal year 2024 compensation of $288,706.

Revenue, expenses, and employee compensation

Revenue

$12,218,438

Expenses

$12,440,531

Employee compensation

$3,193,913
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Matthew Schondek
President and Chief Executive Officer
$288,706
$285,343 No related comp$3,363
Maryellen Medeiros
Executive Vice President of Operations
$181,528
$171,170 No related comp$10,358
James Maloney
Vice President Lending (Ended 3/2024)
$36,566
$36,143 No related comp$423
James Roy
Vice President of Finance (As of 9/24)
$36,059
$34,615 No related comp$1,444

Benchmark Employee Compensation

Non-Employee Board Members

Carl Garcia
Chair
$5,448
$5,448 No related compNo other comp
James MacHado
Treasurer and Director
$5,148
$5,148 No related compNo other comp
Joan Vasconcellos
Clerk
$5,148
$5,148 No related compNo other comp
Russell Oagles
Director
No compensation reported
Janice Santos
Director
No compensation reported
Michael L Shea
Vice Chair
No compensation reported
Scott O'Brien
Director
No compensation reported
Christopher Carreiro
Director
No compensation reported
Renee Howayeck
Director
No compensation reported
Janice Carrigg
Director (Resigned 7/2024)
No compensation reported
Carl Sawejko
Director
No compensation reported

Mission Statement

STRIVE TO PROVIDE A FULL RANGE OF QUALITY FINANCIAL SERVICES TO OUR MEMBERS, DELIVERED BY PROFESSIONAL AND MOTIVATED EMPLOYEES, WHILE MAINTAINING THE STABILITY AND SECURITY OF OUR MEMBERS AND THE CREDIT UNION.

Revisions to this organization profile

November 6, 2025:
2024 Fall River Municipal Credit Union 990 filed
November 1, 2024:
2023 Fall River Municipal Credit Union 990 filed
October 10, 2023:
2022 Fall River Municipal Credit Union 990 filed

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