Spectra Credit Union is headquartered in Alexandria and is the 18th largest credit union in the state of Virginia. It is also the 680th largest credit union in the nation. It was established in 1946 and as of March of 2025, it had grown to 83 employees and 28,869 members at 4 locations. Spectra Credit Union's CD rates are 4X the national average, and it has a B+ health rating.
Debit Card Fiasco
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 .
Data as of Q1 2025
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 5380 |
| Year Chartered | 1946 |
| Employees | 83 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.05% |
| Return on Equity - YTD | 0.84% |
| Annual Interest Income | $6.7MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2025vs Q1 2024 | $599.4MM$554MM |
| Loans | Q1 2025vs Q1 2024 | $371MM$386.1MM |
| Deposits | Q1 2025vs Q1 2024 | $553.6MM$481.8MM |
| Equity Capital | Q1 2025vs Q1 2024 | $32.5MM$32.8MM |
| Loan Loss Allowance | Q1 2025vs Q1 2024 | $5.8MM$5.7MM |
| Unbacked Noncurrent Loans | Q1 2025vs Q1 2024 | $3.5MM$5.5MM |
| Real Estate Owned | Q1 2025vs Q1 2024 | $0$0 |