Fall River Municipal Credit Union MA | Best Auto Loans & Business Banking

Introduction

Welcome to Fall River Municipal, your trusted financial partner located at 1110 Robeson St, Fall River, MA 02720. Since our establishment in 1930, we have proudly served our community with a commitment to providing exceptional banking solutions and personalized service. With over 13,600 members and total assets amounting to $293,703,243, we strive to empower individuals and families in their financial journeys. At Fall River Municipal, we understand the importance of making informed financial decisions. That's why we offer a wide range of services, including personal banking accounts, auto loans, mortgage refinancing, and business banking solutions. Our dedicated team of 53 employees, led by CEO Matthew Schondek and Board President Carl Garcia, is here to help you navigate your financial needs with care and expertise. While members can visit us at our branch location for all their banking needs, official correspondence should be directed to the same address: 1110 Robeson St, Fall River, MA 2720. We invite you to explore our offerings and experience the difference that a member-focused credit union can make. With total deposits reaching $4,785,838 and a net worth of $29,393,532, we are well-positioned to support you in achieving your financial goals. Whether you are looking for a new loan or simply want to manage your savings better, we have the tools and resources to assist you every step of the way. We encourage you to reach out! Call us at 508-677-2501 or visit our website at www.frmcu.com for more information about how we can serve you today. Join us as we continue building a stronger community together!

Branch History & Mission

Community Engagement

Our commitment extends beyond banking services. We actively engage in community outreach programs that promote financial literacy and provide assistance where needed. Whether it's sponsoring local events or partnering with schools for educational workshops, we strive to make a positive impact in Fall River. Additionally, we embrace modern technology with online banking options and mobile applications that allow our members easy access to their accounts anytime, anywhere. With ADA compliance in mind, we ensure that all members can easily navigate our services.

Join Us

As we continue this journey together, we invite you to become part of the Fall River Municipal Credit Union family. Experience firsthand the benefits of membership from competitive rates on loans and deposits to personalized service from a dedicated team. Call us today at (508) 677-2501 or visit us online at frmcu.com for more information on how you can join us in shaping a brighter financial future for yourself and your community!

Our Journey

Our journey began with a simple mission: to provide accessible financial services that empower our members. Located at 1110 Robeson St, Fall River, MA 02720, our branch is conveniently situated near local landmarks, making it easy for members to reach us. Over the decades, we've expanded our offerings from basic savings accounts to comprehensive personal and business banking solutions while remaining committed to our founding principles of integrity and community focus.

Our Mission

At Fall River Municipal Credit Union, we believe in fostering financial well-being for all. Our mission is clear: to offer exceptional financial services while supporting the needs of our local community. We aim not only to help individuals achieve their financial goals but also to uplift the neighborhoods we serve through various outreach initiatives and partnerships. While you can visit us at 1110 Robeson St Fall River Ma 02720, official correspondence should be sent to 1110 Robeson St, Fall River, MA 2720. We're open with convenient hours throughout the week: Monday through Wednesday from 9:00 am to 4:00 pm, Thursday and Friday from 9:00 am to 6:00 pm, and Saturday from 9:00 am to noon.

Branch Location & Accessibility

Connect With Us

We invite you to stop by or give us a call at 508-677-2501 if you have any questions or need assistance. Our friendly team is here to help you every step of the way. Experience the difference at Fall River Municipal where community banking meets personal service!

Location and Accessibility Features

Our branch is easily reachable with ample parking available, ensuring that your visit is hassle-free. We are committed to accessibility; our facilities are ADA compliant, featuring ramps and other accommodations to assist all members. If you prefer banking from your vehicle, we also offer a drive-thru service that opens at 8:00 AM on Thursdays and Fridays, allowing you to manage transactions without leaving your car. While members can visit us at 1110 Robeson St, official correspondence should be sent to the same address. Our operating hours are set up to fit various schedules: Monday through Wednesday from 9:00 AM to 4:00 PM, with extended hours on Thursday and Friday until 6:00 PM. On Saturdays and Sundays, we're open from 9:00 AM to 12:00 noon for added convenience.

Services Offered

At Fall River Municipal, we strive to provide a wide range of services tailored to meet your financial needs. From personal banking options like checking and savings accounts to auto loans and mortgage refinancing, we've got you covered. Our ATM availability ensures that cash withdrawal and balance checks are quick and easy. Plus, with shared services available for partner credit union members, you can conduct basic transactions even if you're visiting from another location.

Member Eligibility

Joining the Fall River Municipal family is more than just opening an account; it's about becoming part of a caring community that puts your financial needs first. At our branch located at 1110 Robeson St, Fall River, MA 02720, we welcome individuals who live, work, or worship in the area. Whether you're looking for personal banking services or want to explore loan options, you'll find that membership here opens up a world of benefits tailored just for you. You can find the specific eligibility criteria on our website at https://www.frmcu.com/about-us/membership/ , where we simplify the details so you can see how easy it is to join us. Once you've confirmed your eligibility, becoming a member is a breeze! You can kickstart the process by visiting this link to open your account online. If you have any questions or need assistance along the way, feel free to reach out to us at 508-677-2501. We're excited to help you take this important step toward better financial health and look forward to welcoming you into our supportive community!

Business Banking & Commercial Services

Business Loan Options

Our commitment to supporting businesses is evident, with investments in business growth through our commercial lending programs: - We've funded over $10 in commercial loans for our members, helping businesses scale and succeed. - With an outstanding commercial loan portfolio of $1,871,343, we continue to drive economic growth by financing new and expanding businesses.

Merchant Services

In addition to loans, our merchant services provide practical tools that make transactions smoother for your business. Imagine having a reliable partner that helps you accept payments easily whether it's through card processing or mobile solutions. This means less hassle for you and more time to focus on what truly matters: serving your customers. Located at 1110 Robeson St Fall River Ma 02720 in Fall River, MA, we invite local business owners to discover how we can help take their ventures to the next level. Let's work together to create opportunities for success! For more information, call us at (508) 677-2501 or visit our website at https://www.frmcu.com/ .

Comprehensive List Of Services

Accessibility

For those who prefer face-to-face interaction, our friendly staff is always ready to assist during lobby hours: Monday through Wednesday from 9 AM to 4 PM; Thursday and Friday from 9 AM to 6 PM; and Saturday from 9 AM to 12 PM. Our drive-up service opens early at 8 AM on Thursdays and Fridays for added convenience. If you have any questions or would like assistance with any of these services, please don't hesitate to reach out at 508-677-2501. At Fall River Municipal, we're committed to being there for you every step of the way as we work together towards achieving your financial dreams. To learn more about what we offer or how you can become a member today, visit us online at www.frmcu.com. Join us at the heart of Fall River where community meets convenience!

Business Banking

For our business members, we provide essential services like Merchant Services & Business Loans. We know that managing a business comes with its own challenges, and we're here to support your growth with financial tools that work for you.

Credit Cards and Rewards

We also offer Credit Cards with Rewards, allowing you to earn points for every purchase you make. This means your everyday spending can lead to exciting rewards, making each transaction more rewarding!

Digital Banking Features

In today's fast-paced world, convenience matters. That's why at Fall River Municipal, we emphasize our Online & Mobile Banking features. Manage your accounts from anywhere at any time! With secure access to your accounts, you can make transfers, pay bills, and check balances right from your phone or computer. Our ATM & Cash Withdrawal Services ensure you have easy access to cash when you need it most. Plus, our basic drive-thru banking allows for quick deposits and withdrawals without leaving your vehicle.

Personal Banking

When it comes to personal banking, we offer Checking & Savings Accounts designed to fit various lifestyles and financial habits. Whether you are saving for a rainy day or managing everyday expenses, our accounts provide the flexibility and security you need. If you're thinking about purchasing a vehicle, our Auto Loans & Vehicle Financing options make it easier than ever to drive away in your dream car without breaking the bank. In addition, if home ownership is on your horizon, our Mortgage Loans & Refinancing services can guide you through the process with ease. We understand that every member's situation is unique, which is why our Personal Loans & Debt Consolidation solutions are crafted to help simplify your finances and reduce stress.

Shared Branch Transactions

If you're traveling or find yourself near another credit union partner, take advantage of our Basic Shared Branch Transactions. This feature allows you to conduct deposits and withdrawals even when you're away from home.

Digital & Online Banking

Convenience and Security

We also prioritize your security while providing these services. Our online banking is equipped with robust security measures to protect your information. You can feel confident managing your finances digitally without worry. For those who prefer paperless options, e-statements are readily available, allowing you to keep track of your finances without the clutter.

Key Features

With just a few clicks at https://www.frmcu.com/ , you can access our user-friendly online banking platform. It allows you to check your account balances, view transaction history, and even transfer money between accounts. If you need to send money to friends or family, our person-to-person transfer feature makes it simple and fast. Plus, with the option for electronic signature authorization, signing documents online is quick and hassle-free.

Mobile Access

On top of that, our mobile application brings all these features right to your fingertips. You can access your accounts anytime, anywhere, making it easier than ever to stay on top of your financial health. While mobile payments aren't currently offered, our app ensures that basic banking tasks are still just a tap away. At Fall River Municipal, we're committed to making your banking experience smooth and efficient. Explore all our digital services today and take control of your financial journey!

Financial Strength

Commitment to Stability

With a net worth of $29,393,532, we maintain strong financial health, allowing us to offer better rates, lower fees, and enhanced member services. Our net worth ratio of $1,001 demonstrates a solid capital foundation, ensuring that we can continue providing loans, competitive savings rates, and uninterrupted services even in uncertain economic times.

Growing Member Base

Total Share and Deposit Accounts: 25,632, showing a strong and growing member base that trusts us with their finances. Net Shares available for lending and investments stand at $595,444, which further strengthens our ability to support you. Our financial strength means we can continue serving you with confidence. Whether you're saving, borrowing, or planning for the future, Fall River Municipal is your trusted partner. Visit us at 1110 Robeson St Fall River Ma 02720 or call (508) 677-2501 to learn more about how we can help you achieve your financial goals.

Operational Efficiency

Our commitment to operational efficiency is reflected in our $243,982. This allows us to continue offering competitive loan rates and solid financial products for our members. We also take pride in having 47 full-time employees and 6 part-time employees, ensuring our branches are always ready to serve you with a knowledgeable, committed team.

Reinvesting in Your Future

With $29,017,556 in undivided earnings, we reinvest in innovative banking tools, stronger lending options, and enhanced security measures to serve our members better. Our lending capacity supports your financial goals with $3,141 in used auto loans and $181,791,280 in total loans and leases.

Secured Savings for Members

Members' savings are secured through $79,457,067 in share certificates and $10,547,304 in money market shares, offering stable and rewarding financial growth opportunities. Unlike traditional banks, we prioritize our members. With non-member deposits at $252,245, we ensure that our resources are focused on benefiting you through better loan rates, lower fees, and exclusive perks.

Loan Offering

Auto Loans

Looking to buy a new car? Our auto loans offer some of the lowest rates in the industry, with over $12,171,204 in used vehicle loans and $4,216,232 in new vehicle loans already helping members get on the road. We provide flexible terms and competitive interest rates so that you can drive away knowing you made a smart choice.

Business Loans

If you're a business owner seeking capital for growth, our outstanding commercial loans totaling $1,871,343 provide the resources needed to expand your operations. We understand the challenges businesses face and are here to support your journey with tailored financing solutions. Our branch is conveniently located at 1110 Robeson St, Fall River MA 02720, and our friendly staff is always ready to assist you with any questions or concerns. Feel free to give us a call at 508-677-2501 during our lobby hours: Monday through Wednesday from 9:00 am to 4:00 pm and Thursday through Friday from 9:00 am to 6:00 pm. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov , based on the latest results. Explore how we can help you achieve your financial goals today!

Mortgage Loans

Thinking about homeownership? Our mortgage options, including Junior Lien 1-4 Family Residential Properties loans totaling $30,010,250, make buying or refinancing simple. We offer refinancing options that allow current homeowners to lower their monthly payments or tap into their home's equity. Our team is here to guide you through the process every step of the way.

Unsecured Credit Card Loans

For those looking to manage daily expenses or consolidate debt, we also offer flexible terms on unsecured credit card loans. Although our total amount for unsecured credit card loans currently stands at $0, our commitment to providing practical solutions remains strong. We can help you find the right option that fits your financial situation.

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FALL RIVER MUNICIPAL CREDIT UNION