Member Updates

As the commonwealth of Massachusetts begins to allow businesses to reopen in phases, we are opening our branch locations to accept members into our lobbies.

The lobbies of our branch locations at 1110 Robeson Street, Fall River, 58 South Main Street, Assonet and our main office at 333 Milliken Blvd., Fall River will be open normal business hours Monday through Saturday.

The lobby at our 1208 Dwelly Street, Fall River location will remain closed at this time.

Click Here for important information about lobby access.

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Contact Us At (508) 678-9028

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Rates

Rates are current as of 

March 19, 2020

ANNUAL PERCENTAGE RATE (APR)***MONTHLY PAYMENT PER $1000 (BASED ON LONGEST TERM & DIRECT PAY APR)APR WITH DIRECT PAY*TERM
Unsecured Credit Card Consolidation Loan (Maximum $10,000)As Low As
5.50% **		$23.26As Low As
5.25% **		Up to 48 months
Unsecured
(Maximum $10,000)		As Low As
8.50% **		$24.65As Low As
8.25% **		Up to 48 months
Bonus Rewards Credit CardTo Apply: visit www.FRMCU.com or stop in any of our conveniently located branch offices located in Fall River and Assonet.Revolving
Fully Secured
(Maximum $40,000)		3% over collateral pledged
New Auto (2020-2019)
Used Auto (2010-2020)****		As Low As
3.74% **		$29.41As Low As
3.49% **		36 MONTHS
New Auto (2020-2019)
Used Auto (2010-2020)****		As Low As
3.99% **		$22.58As Low As
3.74% **		48 MONTHS
New Auto (2020-2019)
Used Auto (2010-2020)****		As Low As
4.24% **		$18.53As Low As
3.99% **		60 MONTHS
New Auto (2020-2019)
ONLY		As Low As
3.99% **		$15.64As Low As
3.74%**		72 MONTHS
Recreational Vehicles
New/Used
(Maximum $50,000)		As Low As
7.50% **		$10.55As Low As
7.25% **		Up to 144 months
Boats
New/Used		As Low As
7.50% **		$10.55As Low As
7.25% **		Up to 144 months
Motorcycle
New (2020-2019)
Used (2010-2020)		As Low As
5.65% **
5.65% **		$19.17
$23.32		As Low As
5.40% **
5.40% **		Up to 60 months
Up to 48 months
Overdraft ProtectionAs Low As
8.25% **		N/AN/AN/A
HEAT LOANANNUAL PERCENTAGE RATE (APR)***MONTHLY PAYMENT PER $1000 (BASED ON LONGEST TERM & DIRECT PAY APR)LIMITED LOAN AMOUNTTERM
Heat Loan0.00%$9.70Minimum loan amount is $2,000.00 to Maximum loan amount is $25,000.00Up to 84 months
EQUITY PROGRAMS 1,3ANNUAL PERCENTAGE RATE (APR)***MONTHLY PAYMENT PER $1000 (BASED ON LONGEST TERM & DIRECT PAY APR)APR WITH DIRECT PAY*TERM
Loan to Value up to 80% of Appraised Value.*** Minimum $10,000 - Maximum $175,000
FREEDOM FIRST HOME EQUITY LOAN 2As Low as
3.24% **		$17.96As Low As
2.99% **		5 Years
FREEDOM FIRST HOME EQUITY LOAN 2As Low as
3.99 % **		$10.00As Low As
3.74% **		10 Years
FREEDOM FIRST HOME EQUITY LOAN 2As Low as
3.99 % **		$7.27As Low As
3.74% **		15 Years
FREEDOM FIRST FIXED RATE LINE OF CREDIT 2As Low as
5.00% **		$13.90N/A10 Years
(3 year draw period / 7 year repayment)
FIXED RATE HOME EQUITY LOANAs Low as
4.24% **		$18.40As Low as
3.99% **		5 Years
FIXED RATE HOME EQUITY LOANAs Low as
4.99% **		$10.48As Low as
4.74% **		10 Years
FIXED RATE HOME EQUITY LOANAs Low as
4.99% **		$7.77As Low as
4.74% **		15 Years
FIXED RATE LINE OF CREDITAs Low as
6.00% **		$14.61N/A10 Years
(3 year draw period / 7 year repayment)
 
Variable Equity Line of CreditPrime Rate
Prime Rate is currently 3.25%. The interest rate is based on the Prime Rate as published in the Wall Street Journal. Maximum rate of 18%.		15 Years (5 year draw period 10 year repayment)
MEMBER BUSINESS LOANS***
FINANCING AVAILABLE FOR INVESTMENT PROPERTY. PLEASE CONTACT THE CREDIT UNION FOR DETAILS.
 
If you’re looking to improve or refinance/purchase multifamily property we have the solutions you can use. We offer a variety of competitively priced Member Business Loan Products for your Multifamily needs. Rates & Terms are subject to credit quality review. Contact us at Fall River Municipal Credit Union for additional information.

NMLS ID# 410816

* Direct Pay rate reflects discount for automatic repayment made from your FRMCU Checking Account, and may change if direct pay is canceled.
** Annual Percentage Rates are determined by individual credit worthiness and subject to credit approval. Additional rates and terms may be available.
*** Some restrictions apply.
****2000 and older add 2.00% to current rate.
Annual Percentage Rate(s) subject to change without notice.
1 Appraisal fee required. Appraisal costs range from $189.00 to $649.00
2 FRMCU must be in 1st lien position. Property must be an owner-occupied 1-4 Family dwelling. Annual Percentage Rate will be determined by individual credit worthiness.  3. Additional fee when title is held in Any type of Trust ownership of Life Estate.

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