Fall River Municipal Credit Union

Fall River Municipal Credit Union

Not-for-profit community credit union

Overview

Fall River Municipal Credit Union is a not-for-profit financial cooperative serving people in parts of Massachusetts and Rhode Island. It offers traditional banking products like deposits and loans, with profits returned to members as lower borrowing rates, higher savings rates, and lower fees. The credit union is member-owned and focuses on fair treatment and trusted relationships within the local community. Its goal is to serve and support members and the broader community with affordable financial products and ethical service since 1930.

About Fall River Municipal Credit Union

Simplify's Rating
Why Fall River Municipal Credit Union is rated
C-
Rated C on Competitive Edge
Rated C on Growth Potential
Rated D+ on Differentiation

Industries

Financial Services

Company Size

11-50

Company Stage

N/A

Total Funding

N/A

Headquarters

Fall River, Massachusetts

Founded

1930

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Simplify's Take

What believers are saying

  • On November 27, 2023, FRMCU renewed Synergent hosting for Jack Henry Symitar.
  • FRMCU hired Erin Callan as marketing manager on January 6, 2026.
  • The August 2026 website promoted a 5.750% first-lien equity loan, supporting origination growth.

What critics are saying

  • Massachusetts filings on August 25, 2026 reported a Visa debit-card data compromise.
  • FRMCU has only 45 full-time employees, leaving little operational redundancy.
  • A 2023 ten-year Synergent contract locks FRMCU into outsourced core infrastructure.

What makes Fall River Municipal Credit Union unique

  • FRMCU serves Bristol, Plymouth, Barnstable, Dukes, Kent, Providence, Bristol, and Newport counties.
  • Its three-branch, community-owned model gives local decision-making versus larger regional banks.
  • Jack Henry Symitar through Synergent anchors a modern core for 13,089 members.

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Benefits

Health Insurance

Dental Insurance

Vision Insurance

401(k) Retirement Plan

Life Insurance

Disability Insurance

Paid Vacation

Paid Sick Leave

Paid Holidays

Tuition Reimbursement

Flexible Work Hours

Company News

Fall River Municipal Credit Union
Aug 30th, 2025
FRMCU Welcomes Kathleen Franco to Board of Directors

Fall River Municipal Credit Union is proud to announce the appointment of Kathleen Franco to its Board of Directors.

Synergent
Nov 27th, 2023
Fall River Municipal Credit Union Renews with Synergent to Host Jack Henry's Symitar Core Processing Solution

Fall River Municipal Credit Union renews with Synergent to host Jack Henry's Symitar core processing solution.

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