Waste Memory Modules (WMMs), a particular kind of waste printed circuit board (WPCB), contain a high amount of brominated epoxy resin (BER), which may bring a series of environmental and health problems. On the other hand, metals like gold and copper are very valuable and are important to recover from WMMs. In the present study, an effective and environmental friendly method using supercritical water (SCW) to decompose BER and recover metals from WMMs was developed instead of hydrometallurgy or pyrometallurgy simultaneously. Experiments were conducted under external-catalyst-free conditions with temperatures ranging from 350 to 550 °C, pressures from 25 to 40 MPa, and reaction times from 120 to 360 min in a semibatch-type reactor. The results showed that BER could be quickly and efficiently decomposed under SCW condition, and the mechanism was possibly free radical reaction. After the SCW treatments, the glass fibers and metal foils in the solid residue could be easily liberated and recovered, respectively. The metal recovery rate reached 99.80%. The optimal parameters were determined as 495 °C, 33 MPa, and 305 min on the basis of response surface methodology (RSM). This study provides an efficient and environmental friendly approach for WMMs recycling compared with electrolysis, pyrometallurgy, and hydrometallurgy.