FRMCU Welcomes New Hires and Honors Promotion

Matthew G. Schondek, President and CEO of Fall River Municipal Credit Union is pleased to announce the hiring of James Maloney as the Credit Union’s new Vice President of Lending.  Maloney has over ­­26 years of Lending experience and came to FRMCU from Westerly Community Credit Union, where he held the title of Director of Retail Lending for 8 years.  Prior to that, Maloney was the Senior Mortgage Underwriter at Greenwood Credit Union.  In his new position, Maloney will  oversee the Lending department and work with the management team to advance the Credit Union to streamline processes and procedures and improve the member lending experience while advancing the Credit Union forward. 

Schondek is also pleased to announce the hiring of Chantel Breault.  Breault comes to the credit union with 7 years of banking experience from Citizens Bank as the Assistant Vice President, Multi-Site Branch Manager.  In her new role as Retail Operation Manger, Breault will see oversee the retail department, including all 4 of FRMCU’s branch locations as well as account services.    

President Schondek stated that “the Credit Union is very excited to have Maloney and Breault as part of the Credit Union’s Management team.  He noted that they are an investment for the future of the Credit Union and its members.”

Along with the hiring of Maloney and Breault, President Schondek announced the promotion of Cherie Ashton, who is now the Consuming Lending Manager at the Credit Union.  Ashton has been with FRMCU for over 15 years and will now oversee the consumer lending function of the Credit Union. 

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 ( to learn more about current openings. 

New Hires:  

James Maloney

James Maloney

Chantel Breault

Chantel Breault


Cherie Ashton

Cherie Ashton

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