Spectra Credit Union Adds Rate-Leading 14-Month CD Special


Availability: Share Certificate Specials – 14-month (4.85% APY) and 7-month (4.44% APY), $5k minimum opening deposit, new money.

Availability: Easy membership requirement

Virginia-based Spectra Credit Union (Spectra CU) added two Share Certificate Specials (SCS) to its product line last week. This limited-time offering consists of a 14-month SCS (4.85% APY) and a 7-month SCS (4.44% APY). The minimum opening deposit is $5k of new money, with no stated balance cap. New money is defined as “funds from sources other than Spectra Credit Union.”

4.85%$5k-Spectra Credit Union14 Month Share Certificate Special - New Money
4.44%$5k-Spectra Credit Union7 Month Share Certificate Special - New Money
Rates as of December 8, 2022.

As stated in the Spectra CU Truth-in Savings disclosure in the New Members booklet (page 16), the Early Withdrawal Penalty reads as follows:

The penalty schedule is as follows:

  • Terms of less than 12 months 30 days’ dividends
  • Terms of 12-23 months 90 days’ dividends.

If the account has not yet earned enough dividends or if the dividends have already been paid, the penalty will be deducted from the principal.

Funding and Other Particulars

  • Funding – ACH or Shared Branch transfer.
  • CO-OP Shared Branch Network – Yes.
  • Dividends – compounded/credited monthly; dividends can be credited to SCS or paid out by check
  • Maturing Funds – Cashier’s check or internal transfer to Share Membership Savings or checking account.
  • Grace Period – 10 calendar days.
  • Beneficiaries – Unlimited, equal shares, Social Security numbers required.
  • Credit Check – Soft pull.


Headquartered in Alexandria, Virginia, Spectra Credit Union offers a way to join for almost any U.S. citizen or resident alien (18 years or older with a valid Social Security number).

Easy Membership - Membership in the American Consumer Council (ACC) qualifies for Spectra CU membership eligibility. Joining ACC can be done using Spectra CU online membership application.

Employment - Government employees (civilian or military), or contract employees stationed at or paid by the Naval Research Lab are eligible to join.

Affiliation - Employees, students, or members of more than 150 Select Employee Groups (SEGs) are also eligible for membership. The SEGs are listed on the first page of the Spectra CU online application.

Family - Immediate family and household members of current Spectra CU members are eligible to join. This includes spouse, parent, child, sibling, grandparent, grandchild, stepparent, stepchild, stepsibling, adoptive relationships, domestic partners, roommates, and legal guardian relationships.

Joining Spectra CU and/or opening a Special Share Certificate can be done online, or at either of two full-service branches, located in Alexandria (VA) and Waldorf (MD). The Washington, D.C. branch, located in the Naval Research Lab, is no longer open to the general public.

Effective immediately, access to our Naval Research Lab branch is only available to members who have unexpired badge access for the facility. The visitor center will
no longer supply daily passes to non-badged member to visit the branch.

Opening a Share Membership Savings with a $5 minimum deposit establishes a Spectra CU membership.

Spectra CU participates in the CO-OP Shared Branch network and ATM network.

Credit Union Overview

Spectra Credit Union has an overall health grade of "B+" at DepositAccounts.com, with a Texas ratio of 7.68% (excellent) based on June 30, 2022 data. In the past year, Spectra CU has increased its total non-brokered deposits by $9.66 million, an above average annual growth rate of 2%. Please refer to our financial overview of Spectra Credit Union (NCUA Charter # 5380) for more details.

Founded in 1946 as the NRL Federal Credit Union, the original field of membership included employees of the United States Naval Research Laboratory (NRL), the corporate research laboratory for the United States Navy, and the United States Marine Corps. (NRL carries out a variety of basic scientific research, applied research, technological development, and prototyping.) The FOM was expanded more than five years ago to include members of the American Consumer Council. In 2021, as part of the credit union’s 75th anniversary celebration, the Spectra Credit Union rebrand occurred. Currently the 20th largest credit union headquartered in Virginia, Spectra has more than 26,0000 members and assets in excess of $564 million.

How the 14-Month Special Share Certificate Compares

When compared to similar length-of-term CDs tracked by DepositAccounts.com which are available nationwide and have minimum deposit requirements of $10k or less, no banks or credit unions have higher rates than currently offered on the Spectra 14-Month Special Share Certificate. The following table compares the 14-Month Special Share Certificate to the two highest-rate CDs from other credit unions and the two highest-rate CDs from banks.

APYCD Term (Early Withdrawal Penalty)Credit Union/Bank
4.85%14-Month Special Share Certificate (EWP=90 days)Spectra Credit Union
4.65%12-month CD (EWP=180 days)INSBANK Online
4.63%1-year CD (EWP=180 days)KS StateBank
4.51%12-Month Certificate (EWP=90 days)Connexus Credit Union
4.40%12-23 Month CD (EWP=180 days)Department of Commerce Federal Credit Union

The above information and rates are accurate as of 11/26/2022.

To look for the best CD rates, both nationwide and state specific, please refer to our CD Rates Table page.

Related Pages: Washington CD rates, 1-year CD rates, nationwide deals

  |     |   Comment #1
Too small: Only Increased $9.66 million non-brokered accounts in past year.
NRL FCU Adds Limited Time 1-Year CD ($10K Max)
Availability: 1-year Member Appreciation Day Certificate, 2.00% APY, $500 minimum/$10k maximum deposit, only offered October 14-21, 2017, must be a Member in good standing, checking account required.

Availability: Easy membership requirement

For one week, NRL Federal Credit Union (NRLFCU) is offering a 1-year Member Appreciation Day Certificate (2.00% APY). The minimum deposit is $500, with a $10k balance cap, and there is a limit of one Member Appreciation Day (MAD) Certificate per primary member. UPDATE: A checking account is also required.

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NRL FCU (Easy Membership) Offers "777" 7-Month Certificate

UPDATE 5/2/2016: No longer available.

Availability: Easy membership

Virginia-based NRL Federal Credit Union (NRLFCU) is offering a limited-time "777" 7-month Loyalty Rewards Share Certificate (7.00% APY). The minimum deposit is $500, with a $7k balance cap, and there is a limit of one "777" Share Certificate per member.

The 7.00% APY includes the maximum Loyalty Rewards rate increase (0.25% APY.) The Loyalty Rewards program automatically gives members a better rate when establishing a new qualifying Share Certificate, auto loan, or personal loan....

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6.60% 60-Month CD at a Maryland CU (NRL).
NRL Federal Credit Union is offering a 6.60% APY 5-year certificate special for the month of July. There's a $500 minimum deposit. The special rate is also available in an IRA. Application can be done online.

If interest rates hikes end this year, it might be time to consider locking in some of your money into a high yield long term CD.

The field of membership includes employees or immediate family members of the Naval Research Lab and several other employers within the credit union's Select Employees Group. See site for details.


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