February 2023
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FRMCU Welcomes New VP of Finance and Honors Well-Deserved Promotion

Matthew G. Schondek, President and CEO of Fall River Municipal Credit Union is pleased to announce the hiring of Brien Maginnis, as the Credit Union’s new Vice President of Finance. Maginnis has over 35 years of banking experience and came to FRMCU from MutualOne Bank, where he held the title of Executive Vice President/Chief Financial Officer.  In his new position, Maginnis will oversee the Finance department and work with the management team to advance the Credit Union. Maginnis lives in Sagamore Beach, Massachusetts with his wife and younger son.  In his free time, he enjoys volunteering for community organizations and traveling.
President Schondek stated that “the Credit Union is very excited to have Maginnis as part of the Credit Union’s Management team”. He also noted that “he is an investment for the future of the Credit Union and its members.”

Schondek is also pleased to announce the promotion of Maryellen Medeiros, who will now hold title as Executive Vice President of Operations at the Credit Union.

President Schondek noted that “We are very excited to announce Medeiros’ appointment to this important, new role,” Medeiros joined the credit union as a teller, and her drive to learn and dedication to member service has led to her rise within the Credit Union. As VP and SVP of Operations, she was critical to the launching of many of the modern financial services offered at FRMCU.  In her new role as EVP, she will help to guide the direction of the Credit Union and help in the development of the Credit Union’s management team at FRMCU. In addition, Medeiros sits on the board of the Faxon Animal Care & Adoption Center.

FRMCU has been serving members since 1930 and has recently expanded its field of membership to add Dukes County in Massachusetts and Kent and Providence Counties in Rhode Island. This expansion now makes membership possible to anyone living, working, or going to school in Bristol, Plymouth, Barnstable, and Dukes Counties in Massachusetts and Kent, Providence, Bristol, and Newport Counties in Rhode Island. FRMCU is looking to attract new members from the expansion as well as continue to strive in improving the member experience at FRMCU for all.

The Board of Directors and Management congratulate all on their accomplishment and wish them success in their new roles.

The Credit Union is always looking for talented individuals. If you are interested in being part of a growing institution, please visit the Credit Unions Facebook page or website (www.frmcu.com/about-us/careers) to learn more about current openings.

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