Spectra Credit Union


Overview / Commentary
301-839-8400
5440 Cherokee Ave Ste 200
Alexandria, VA 22312-2321

Spectra Credit Union is headquartered in Alexandria and is the 20th largest credit union in the state of Virginia. It is also the 648th largest credit union in the nation. It was established in 1946 and as of June of 2021, it had grown to 87 employees and 24,870 members at 3 locations. Spectra Credit Union has an A health rating.

Reviews (1)

Overall Great Experience

I've been a member of this institution for nearly 10 years, while it is not my primary FCU; it has been my back-up. I've gotten loans with ease and the rates were acceptable. They have great loyalty rewards for their members, and their customer service is good also.



Health

Health Grade Components

Overall
NCUA #5380
Year Chartered1946
Employees87
Primary Regulator
Profit Margin
Return on Assets - YTD0.36%
Return on Equity - YTD3.36%
Annual Interest Income$7.3MM
Assets and Liabilities
AssetsQ2 2021vs Q2 2020$546.7MM$492.1MM
LoansQ2 2021vs Q2 2020$335.1MM$323.9MM
DepositsQ2 2021vs Q2 2020$483.7MM$428.3MM
Equity CapitalQ2 2021vs Q2 2020$58.6MM$58.3MM
Loan Loss AllowanceQ2 2021vs Q2 2020$1.3MM$1.1MM
Unbacked Noncurrent LoansQ2 2021vs Q2 2020$2.2MM$663.00K
Real Estate OwnedQ2 2021vs Q2 2020$0$0
Rates
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Always verify rates and promotions with the bank or credit union. We are not Spectra Credit Union; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Spectra Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.20%--IRA Share Account
0.15%--Coverdell ESA Account
0.05%$5-Savings Account
0.05%--Holiday Club Account
0.05%--Special Club Account

Spectra Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.35%*$250k*-Money Maker Account
OTHER TIERS: 0.15% $2.5k - $50k | 0.25% $50k - $100k | 0.30% $100k - $250k

Spectra Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.65%$500-60 Month Share Certificate
0.60%$500-48 Month Share Certificate
0.50%$500-36 Month Share Certificate
0.45%$500-24 Month Share Certificate
0.40%$500-12 Month Share Certificate
0.30%$500-6 Month Share Certificate

Spectra Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%$500-36 Month IRA Certificate
0.45%$500-24 Month IRA Certificate
0.40%$500-12 Month IRA Certificate
Locations


Spectra Credit Union Locations
Branch Office1024 Saint Nicholas DrWaldorf, MD 20603
Branch Office4555 Overlook Ave SW Bldg 222Washington, DC 20375-0001
Corporate Office5440 Cherokee Ave Ste 200Alexandria, VA 22312

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