Nonprofit · EIN 04-1298900
FALL RIVER MUNICIPAL EMPLOYEES CREDIT UNION
Tax-exempt · FALL RIVER, MA 02721
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $13,588,219 | $13,175,798 | $412,421 | $317,103,629 | $292,145,186 | $24,958,443 |
| December 31, 2024 | 990 | $12,218,438 | $12,440,531 | -$222,093 | $297,434,645 | $276,811,074 | $20,623,571 |
| December 31, 2023 | 990 | $9,717,486 | $9,561,121 | $156,365 | $282,970,513 | $263,754,856 | $19,215,657 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $10,171,874
- Investment income
- $3,416,345
- Net gain from sales of assets
- $508,052
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $14,776
- Compensation of officers, directors and key employees
- $558,726
- Other salaries and wages
- $2,622,546
- Salaries, compensation and benefits (total)
- $3,403,910
- Professional fundraising fees
- $0
- Legal fees
- $3,095
- Accounting fees
- $163,573
- Occupancy
- $362,454
- Depreciation
- $226,206
Balance sheet and other
- Total assets, start of year
- $297,434,645
- Total assets, end of year
- $317,103,629
- Total liabilities, end of year
- $292,145,186
- Net assets, end of year
- $24,958,443
- Land, buildings and equipment
- $2,576,217
- Publicly traded securities
- $81,405,862
- Gross receipts
- $13,588,219
- Employees
- 68
- Volunteers
- 11
- Year formed
- 1930
- State of legal domicile
- MA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MATTHEW SCHONDEK | PRESIDENT/CEO Officer | 40 | $310,014 | $782 |
| MARYELLEN MEDEIROS | EVP OF OPERATIONS Officer | 40 | $187,543 | $782 |
| SAMANTHA RAPOSO | AVP OF HUMAN RESOURCES Highest-paid employee | 40 | $119,816 | $0 |
| CHANTEL BREAULT | AVP RETAIL OPERATIONS Highest-paid employee | 40 | $107,109 | $1,565 |
| MICHAEL BOUFFARD | SYSTEMS ADMINISTRATOR Highest-paid employee | 40 | $104,597 | $1,565 |
| CARL GARCIA | CHAIRMAN Trustee or director, Officer | 1 | $5,448 | $0 |
| JAMES MACHADO | TREASURER/DIRECTOR Trustee or director, Officer | 1 | $5,148 | $0 |
| JOAN VASCONCELLOS | CLERK/DIRECTOR Trustee or director, Officer | 1 | $5,148 | $0 |
| KATE FRANCO | DIRECTOR (AS OF 8/2025) Trustee or director | 1 | $0 | $0 |
| CARL SAWEJKO | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JANICE SANTOS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MICHAEL L SHEA | VICE CHAIR Trustee or director | 1 | $0 | $0 |
| SCOTT O'BRIEN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CHRISTOPHER CARREIRO | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RUSSEL OAGLES JR | DIRECTOR (ENDED 4/2025) Trustee or director | 1 | $0 | $0 |
2 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RENEE HOWAYECK | DIRECTOR (ENDED 9/2025) Trustee or director | 1 | $0 |
| JAMES ROY | VP OF FINANCE (ENDED 4/2025) Officer | 40 | $0 |
990 for the year ended December 31, 2024: 15 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Matthew Schondek | president/CEO Officer | 40 | $285,343 | $3,363 |
| MARYELLEN Medeiros | EVP of Operations Officer | 40 | $171,170 | $10,358 |
| James Maloney | VP lending (Ended 3/2024) Officer | 40 | $36,143 | $423 |
| James Roy | VP of Finance (as of 9/24) Officer | 40 | $34,615 | $1,444 |
| Carl Garcia | Chairman Trustee or director, Officer | 1 | $5,448 | $0 |
| JAMES MACHADO | TREASURER/Director Trustee or director, Officer | 0 | $5,148 | $0 |
| Joan Vasconcellos | CLERK Trustee or director, Officer | 0 | $5,148 | $0 |
| Russell Oagles | direcTOR Trustee or director | 0 | $0 | $0 |
| Carl Sawejko | dIRECTOR Trustee or director | 0 | $0 | $0 |
| Janice Santos | dIRECTOR Trustee or director | 0 | $0 | $0 |
| Michael L Shea | Vice Chair Trustee or director | 0 | $0 | $0 |
| Renee Howayeck | DIRECTOR Trustee or director | 0 | $0 | $0 |
| Scott O'Brien | diRECTOR Trustee or director | 0 | $0 | $0 |
| Janice Carrigg | dIRECTOR (Resigned 7/2024) Trustee or director | 0 | $0 | $0 |
| Christopher Carreiro | dIRECTOR Trustee or director | 0 | $0 | $0 |
990 for the year ended December 31, 2023: 16 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MATTHEW SCHONDEK | PRESIDENT/CEO Officer | 40 | $275,380 |
| MARYELLEN MEDEIROS | EVP OF OPERATIONS Officer | 40 | $162,358 |
| BRIEN MAGINNIS | VICE PRESIDENT OF FINANCE Officer | 40 | $137,758 |
| JAMES MALONEY | VICE PRESIDENT LENDING Officer | 40 | $125,458 |
| CARL GARCIA | CHAIRMAN Trustee or director, Officer | 1 | $5,448 |
| JAMES MACHADO | TREASURER/DIRECTOR Trustee or director, Officer | 1 | $5,148 |
| JOAN VASCONCELLOS | CLERK Trustee or director, Officer | 1 | $5,148 |
| RUSSELL OAGLES | DIRECTOR Trustee or director | 1 | $0 |
| CARL SAWEJKO | DIRECTOR Trustee or director | 1 | $0 |
| JANICE SANTOS | DIRECTOR Trustee or director | 1 | $0 |
| MICHAEL L SHEA | VICE CHAIR Trustee or director | 1 | $0 |
| RENEE HOWAYECK | DIRECTOR Trustee or director | 1 | $0 |
| SCOTT O'BRIEN | DIRECTOR Trustee or director | 1 | $0 |
| JANICE CARRIGG | DIRECTOR Trustee or director | 1 | $0 |
| CHRISTOPHER CARREIRO | DIRECTOR Trustee or director | 1 | $0 |
| DAVID MACHADO TERM ENDED 4292023 | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 333 MILLIKEN BLVD, FALL RIVER, MA 02721-1603
- In care of
- % MATTHEW G SCHONDEK
- Principal officer (990 for 2025)
- MATTHEW G SCHONDEK, 333 MILLIKEN BOULEVARD, FALL RIVER, MA 02721
- Signed the 990
- MATTHEW G SCHONDEK, CEO
- Phone
- (508) 678-9028
- Return prepared by
- WOLF & COMPANY PC
Mission
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.
Program accomplishments
- FALL RIVER MUNICIPAL CREDIT UNION IS A MEMBER-OWNED CREDIT UNION THAT IS COMMITTED TO PROVIDE ITS MEMBERS WITH SUPERIOR FINANCIAL SERVICES. ITS PRIMARY FUNCTION IS TO PROVIDE LOANS TO ITS MEMBERS AS WELL AS ACCEPT DEPOSITS FROM MEMBERS. AS OF 12/31/2025 THE CREDIT UNION HAD LOANS TOTALING $188 MILLION DUE FROM MEMBERS AND $232 MILLION OF DEPOSITS FROM MEMBERS.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 04-1298900
- Tax-exempt status
- 501(c)(14): State-chartered credit union
- Donations deductible
- No
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $317,103,629
- Income (IRS master file)
- $13,588,219
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $13,588,219 | $13,175,798 | $317,103,629 | XML |
| 990 | December 2024 | $12,218,438 | $12,440,531 | $297,434,645 | IRS |
| 990 | December 2023 | $9,717,486 | $9,561,121 | $282,970,513 | XML |
| 990 | December 2022 | $7,203,621 | $6,407,076 | $244,625,881 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 04-1298900).
Questions about FALL RIVER MUNICIPAL EMPLOYEES CREDIT UNION
- What is the EIN of FALL RIVER MUNICIPAL EMPLOYEES CREDIT UNION?
- The employer identification number (EIN) of FALL RIVER MUNICIPAL EMPLOYEES CREDIT UNION is 04-1298900.
- Is FALL RIVER MUNICIPAL EMPLOYEES CREDIT UNION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(14).
- Are donations to FALL RIVER MUNICIPAL EMPLOYEES CREDIT UNION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does FALL RIVER MUNICIPAL EMPLOYEES CREDIT UNION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of FALL RIVER MUNICIPAL EMPLOYEES CREDIT UNION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did FALL RIVER MUNICIPAL EMPLOYEES CREDIT UNION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of FALL RIVER MUNICIPAL EMPLOYEES CREDIT UNION?
- The 990 for the year ended December 31, 2025 names MATTHEW G SCHONDEK.
- Who are the officers and directors of FALL RIVER MUNICIPAL EMPLOYEES CREDIT UNION?
- The 990 for the year ended December 31, 2025 lists 17 people; 8 received compensation from the organization, the highest $310,014 (MATTHEW SCHONDEK, PRESIDENT/CEO).
- How much revenue does FALL RIVER MUNICIPAL EMPLOYEES CREDIT UNION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $13,588,219, expenses of $13,175,798 and total assets of $317,103,629 at year end.
Other nonprofits in FALL RIVER
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- BRISTOL AGING & WELLNESS INC EIN 04-2545767 · last filed 990 for 2025
- ST ANNES CREDIT UNION OF FALL RIVER MASS EIN 04-2128094 · last filed 990 for 2024
- CITIZENS FOR CITIZENS INC EIN 04-6134724 · last filed 990 for 2025
- HAROLD D AND ANNETTE PRICE FAMILY FOUNDATION EIN 47-4119262 · last filed 990-PF for 2025
- STANLEY STREET TREATMENT AND RESOURCES EIN 04-2604426 · last filed 990 for 2025
- FAMILY SERVICE ASSOCIATION OF GREATER FALL RIVER INC EIN 04-2104058 · last filed 990 for 2025