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 691st largest credit union in the nation. It was established in 1946 and as of March of 2024, it had grown to 92 employees and 27,790 members at 4 locations. Spectra Credit Union's CD rates are 5X the national average, but it has a C health rating.

Reviews (1)

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$6.4MM
Assets and Liabilities
AssetsQ1 2024vs Q1 2023$554MM$602.5MM
LoansQ1 2024vs Q1 2023$386.1MM$445.8MM
DepositsQ1 2024vs Q1 2023$481.8MM$509.4MM
Equity CapitalQ1 2024vs Q1 2023$32.8MM$37.9MM
Loan Loss AllowanceQ1 2024vs Q1 2023$5.7MM$2.2MM
Unbacked Noncurrent LoansQ1 2024vs Q1 2023$5.5MM$2.4MM
Real Estate OwnedQ1 2024vs Q1 2023$0$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%$0$1kBrilliant Kids Savings
0.85%$0-Coverdell ESA Account
0.85%$0-IRA Share Account
0.05%$5-Savings Account
0.05%$0-Holiday Club Account
0.05%$0-Special Club Account

Spectra Credit Union Money Market Rates

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

Spectra Credit Union CD Rates

5.05%$10k-14 Month Share Certificate Special - New Money
4.75%$500-12 Month Share Certificate
4.50%$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
3.75%$500-6 Month Share Certificate

Spectra Credit Union IRA Rates

4.75%$500-12 Month IRA Certificate
4.50%$500-24 Month IRA Certificate
3.95%$500-36 Month IRA Certificate
3.75%$500-6 Month IRA Certificate

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
Branch Office1460 N Beauregard StAlexandria, VA 22311-5800

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