Faust Friore

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Matthew G. Schondek

President & CEO
Fall River Municipal Credit Union

Matthew was born and raised in Taunton and a resident of Raynham. Graduate of Northeastern University. Over 25 years of experience in financial institution management.



The story of FRMCU started with a Fall River firefighter, a state appointed finance board, and the impending threat of wholesale cuts in the pay of city employees.

The Credit Union's founding points to a Fall River firefighter who attempted, without success, to obtain a loan from a local institution. As the father of nine children, his financial resources had been drained and he was in dire straits. It was at this point that two fellow firefighters told him about a credit union that had been established in Springfield, Massachusetts.

The late Louis Shea, a son of a founder, recalled the beginning as related by his father. "They began by using an old cigar box as a cash drawer and a locker at the Pocasset Fire Station became the first vault," Shea explained.

The capitalized fund amounted to the grand total of $600. This was created by the purchase of five-dollar shares by each of the founding fathers. Originally, the concept was to restrict savings to $25 per month for each member. The original officers of the Credit Union were resourceful and creative.

The late Raymond Pettine, an attorney and counsel for the Credit Union and brother of a founder, recalls the credit union officers buying 100 tons of coal in the off season and selling it to members at a lower cost than the winter market price. Not only did the members save money on the purchase of fuel; the officers of the Credit Union had a truck and delivered the coal.

The early heritage of service to its members characterizes Fall River Municipal Credit Union today. In the beginning, the men who ran the credit union knew their members. There was a high level of trust and commitment to their members and things are very much the same today. A member's value is based on their character and is treated fairly. It was typical of the spirit demonstrated by the original founders and it is this spirit that continues to thrive today.

Although originally established as a credit union restricted only to municipal employees, the credit union now enjoys an expanded charter. Membership is open to virtually anyone living or working in the Bristol County area.

Fall River Municipal Credit Union, under the leadership of the Board of Directors and the President and Chief Executive Officer, continues the spirit of its founders because it strives to help its members and the community by remaining focused on them.

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Happy Hec

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Ric Oliveira

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Barry Richard and Alan Zarek

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Bristol Community College

“OnCourse” with Bristol Community College

Every Monday at one, you’re invited to hear the “untold stories” at Bristol Community College!

Hosted by BCC Marketing Specialist Patrick Stone, “OnCourse” brings in guests from around the college to talk about the people, places, students, and administrators that allow them to change the world, learner by learner.

Always a positive beacon for education in the SouthCoast, “OnCourse” allows you to hear how and why BCC has achieved a level of academic and community excellence renowned all over the state.

Stay connected and post questions for “OnCourse” via facebook at facebook.com/oncourseBCC, listen live at WSAR.com, and hear new and old shows OnDemand via the podcasts at WSAR.com.

ABOUT PATRICK STONE...
Patrick Stone is a Fall River native, current Marketing and New Media Specialist for Bristol Community College, and the host of “OnCourse with BCC” on WSAR.

Patrick graduated from Durfee High School in 2004 and, from there, enrolled at BCC with an aspiration to go into journalism. It was during his final year in the Communication program that he started an internship at...how ironic…1480 WSAR!

After a four month stint reporting on sports, Patrick was hired at 19 years old to be the lead news anchor for the legendary, local station. Two years later, while a full-time student at Bridgewater State University, he moved into the Production Director’s seat where he stayed until August of 2011.

Proving that you can go home again, Patrick returned to BCC in 2011 and began his current marketing position with the College Communications department, specifically focusing on the BCC eHealthCareers program in downtown New Bedford. With a passion for local media that was shared by the college, he decided to suggest something that he had somehow managed to avoid for six years working in radio:
“Why don’t we do a show on WSAR all about BCC? Heck…I’ll host it!”

And with that, he was a radio host. He just didn’t work in radio anymore.

Patrick is still a Fall River resident and has hobbies that include street hockey, trivia, and attempting to quote every episode of “The Simpsons” ever made.
(He’s getting close)

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Attorney Steve Sabra

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Bill King and Missy

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Robert Mellion

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Dr. Ross

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Dr. McGowan

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Tom and Tom

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Tony Evans

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New England Biker Radio

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Steve Urban

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Everything Auto

“Everything Auto” : Sunday, 12 noon until 1p featuring Mike Penacho owner of Mike’s Auto Body.

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Sentinel Radio

Sunday mornings from 7:30-8:00

Every Sunday from 7:30-8:00 am tune in and find strength, comfort, and renewal through uplifting interviews and inspiring testimonies.

http://www.sentinelradio.com

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