Spectra Federal Credit Union
5440 Cherokee Ave Ste 200
Alexandria, VA 22312
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2023 Overview
General Credit Union Information
Spectra is an NCUA insured institution located in Alexandria, VA. It was founded in 1946 and has approximately $597.45 millions in assets.
Who can join?
You can if you are...
A contractor or an employee of a contractor who works regularly at the Naval Research Laboratory in Washington DC.
A civilian or military employee of the U.S. Government regularly stationed at or paid by the Naval Research Lab
An employee or student of a Select Group
Living in the same residence maintaining a single economic unit.
| NCUA Insured | Yes / Federally Chartered |
| Charter Number # | # 5380 |
| Date Established | 1946 |
| Assets | $597.45 million |
| Loans | $440.15 million |
| Deposits | $509.49 million |
| Capital | $57.44 million |
Field of Membership Restrictions
Deposit Rates - June 9, 2023
Your Current Location: Virginia, VA 20146
We do not yet have rates for Spectra
We're working to get deposit rates for every credit union in the world. Please bare with us until we are able to get rates for this credit union.
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Loan Rates - June 9, 2023
Your Current Location: Virginia, VA 20146
There are currently no loan rates available for Spectra
Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:
Featured - Virginia 30 Year Fixed Mortgage Rates 2023
| Lender | APR | Rate (%) | Points | Fees | Monthly Payment |
Learn More |
|---|---|---|---|---|---|---|
NMLS ID: 401822 |
5.933% | 5.750% | 1.00 | $5,000 | $1,459 | Learn More |
NMLS ID: 2890 License#: MC-3098 |
6.253% | 6.125% | 1.00 | $3,418 | $1,520 | Learn More |
NMLS ID: 1907 |
6.794% | 6.625% | 0.75 | $4,375 | $1,601 | Learn More |
NMLS ID: 1984206 License#: #: MC-7440 |
7.163% | 6.999% | 0.88 | $4,392 | $1,664 | Learn More |
Featured - Virginia Home Equity Line Of Credit Rates 2023
| Lender | APR (%)? | Monthly Payment? | Learn More |
|---|
Note to Spectra
To upload and update your bank's rates please register.
It is free to register and add rates.
Branches
Below are Spectra branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.
Your Location:
Ashburn,Virginia
Climate Initiatives
SPECTRA is encouraged to provide us with this information. When we receive this information from the credit union, we will provide it here.
Financial Details
Spectra Ratio Analysis
The following ratios and data are available to help you better understand the financial condition of Spectra. The data is provided by the NCUA. All credit unions on BestCashCow, except those specified as not NCUA-insured in the overview section above, are NCUA-insured. Depositors should be careful to remain within NCUA insurance limits.
Texas Ratio
| Spectra | U.S. Average |
|---|---|
| 11.91% | 5.90 |
The Texas Ratio compares the amount of loans at risk and assets repossessed with the amount a credit union has on hand to cover any losses. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a credit union has to absorb its loan losses.
As of December 31, 2022, Spectra had $6,923,374 in non-current loans and $126,000 in owned assets. To cover these potential losses it had $57,439,274 in net worth and $1,744,506 in loans loss reserves. That gives it a Texas Ratio of 11.91%.
Net Worth
| Spectra | U.S. Average |
|---|---|
| 9.61% | 12.75% |
Spectra FCU has a net worth of 9.61% versus the BestCashCow average of 12.75. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.
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