Spectra Credit Union

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

Spectra Credit Union is headquartered in Alexandria and is the 21st largest credit union in the state of Virginia. It is also the 682nd largest credit union in the nation. It was established in 1946 and as of September of 2023, it had grown to 100 employees and 27,610 members at 4 locations. Spectra Credit Union's CD rates are 5X the national average, and it has a B health rating.

Reviews (2)

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.

Debit Card Fiasco

Posted by: |

At the beginning of February I was out of the country and tried to use my debit card at a bank ATM. Turned out that my card had expired the end of January. I left town on January 25 and had received no alert from Spectra that my card was about to expire. Upon returning to the USA I called Spectra and was told the company producing the debit cards had a "production delay" and I "should be receiving a replacement within seven days". Again - no alert from Spectra. I feel this was extremely negligent on their part, and
after over 50 years with the NRL (now Spectra) Credit Union I will be moving my account to another federal CU.
Beware - customer service has taken a nose dive since Spectra took over this CU .


Health Grade Components

NCUA #5380
Year Chartered1946
Primary Regulator
Profit Margin
Return on Assets - YTD0%
Return on Equity - YTD0.06%
Annual Interest Income$18.8MM
Assets and Liabilities
AssetsQ3 2023vs Q3 2022$563MM$588.1MM
LoansQ3 2023vs Q3 2022$408.6MM$422.6MM
DepositsQ3 2023vs Q3 2022$486.2MM$488.4MM
Equity CapitalQ3 2023vs Q3 2022$32.5MM$37.8MM
Loan Loss AllowanceQ3 2023vs Q3 2022$2.1MM$1.7MM
Unbacked Noncurrent LoansQ3 2023vs Q3 2022$3.8MM$2.6MM
Real Estate OwnedQ3 2023vs Q3 2022$74K$0
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* 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

10.38%*-$1kBrilliant Kids Savings
OTHER TIERS: 0.10% $1k+
0.85%--Coverdell ESA Account
0.85%--IRA Share Account
0.10%$5-Savings Account
0.10%--Holiday Club Account
0.10%--Special Club Account

Spectra Credit Union Money Market Rates

1.50%*$250k*-Money Maker Account
OTHER TIERS: 0.85% $2.5k - $50k | 1.10% $50k - $100k | 1.35% $100k - $250k
1.50%*$250k*-Business Money Maker Account
OTHER TIERS: 0.85% $2.5k - $50k | 1.10% $50k - $100k | 1.35% $100k - $250k

Spectra Credit Union CD Rates

4.89%$5k-14 Month Share Certificate Special
4.89%$5k-7 Month Share Certificate Special
4.50%$500-12 Month Share Certificate
4.00%$500-6 Month Share Certificate
3.95%$500-24 Month Share Certificate
3.95%$500-36 Month Share Certificate
3.85%$500-48 Month Share Certificate
3.80%$500-60 Month Share Certificate

Spectra Credit Union IRA Rates

4.50%$500-12 Month IRA Certificate
4.00%$500-6 Month IRA Certificate
3.95%$500-24 Month IRA Certificate
3.95%$500-36 Month IRA Certificate

Spectra Credit Union Locations
Corporate Office5440 Cherokee Ave Ste 200Alexandria, VA 22312
Branch Office4555 Overlook Ave SW Bldg 222Washington, DC 20375-0001
Branch Office1024 Saint Nicholas DrWaldorf, MD 20603
Branch Office1460 N Beauregard StAlexandria, VA 22311-5800

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