# SPECTRA
ALEXANDRIA, VA · NCUA charter 5380 · asset band $500M-1B · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/spectra-5380

Who the members are: federal charter, multiple common bond, organized 1946, low-income designated. 30,641 members of 76,603 potential (40.0% of the field); checking penetration 64% (share draft accounts per 100 members); loans per 100 members 31.

**Verdict on the desk:** this could be *ordinary*. Composite score 4 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $552.6M |
| Members | 30,641 (6.1% YoY) |
| Full-time staff | 75 |
| Net worth | $47.2M |
| Net worth ratio | 8.6% (p13 of band) |
| ROA (annualized) | 0.03% (p7 of band) |
| Total delinquency | 1.39% (p93 of band) |
| Net charge-offs (annualized) | 0.51% (p58 of band) |
| Loans / shares | 73% (p30 of band) |
| Cash / assets | 5.7% |
| Borrowings / assets | 7.06% |
| Net interest margin | 2.95% (p18 of band) |
| Operating expense / assets | 3.18% (p29 of band) |
| Vehicles % of loans | 10% (p11 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 9% |
| Third-party paper % of net worth | 27% (p29 of band) |
| Vehicle delinquency | 1.52% (p91 of band) |
| Vehicle NCO | 2.46% (p90 of band) |
| Repossessed % of vehicle book | 0.25% (p85 of band) |
| Real estate % of loans | 44% |
| Credit cards % of loans | 0% |
| Unsecured % of loans | 15% |
| Commercial % of net worth | 183% |
| Core shares % of member funds | 51% |
| Certificates % of member funds | 18% |
| Average share balance | $7,577 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | $53.8M |
| Loans outstanding per 100 members | 31% |
| Loans granted per 100 members, annualized | 3% |
| Average loan balance | $36,064 |
| Loans granted, annualized | $45.5M |

## Participation posture (from the same filings)

Bought $0 and sold $0 in the latest annualized quarter; $53.8M outstanding purchased (113.9% of net worth), $3.0M sold and retained. Sold in 0 and bought in 3 of the last 8 quarters. Shares -15.1% year over year.

## Flags firing in the latest filing

- **thin capital** (`cap_low`)
- **delinquency 2x band** (`aq_dq_high`)
- **assets shrinking** (`shrink_assets`)
- **leaning on borrowings** (`str_borrowings`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 0 |  |  |
| 2016-06 | 0 |  |  |
| 2016-09 | 0 |  |  |
| 2016-12 | 0 |  |  |
| 2017-03 | 0 |  |  |
| 2017-06 | 0 |  |  |
| 2017-09 | 0 |  |  |
| 2017-12 | 0 |  |  |
| 2018-03 | 0 |  |  |
| 2018-06 | 2 | delinquency rising, members leaving |  |
| 2018-09 | 0 |  | delinquency rising, members leaving |
| 2018-12 | 0 |  |  |
| 2019-03 | 0 |  |  |
| 2019-06 | 0 |  |  |
| 2019-09 | 0 |  |  |
| 2019-12 | 0 |  |  |
| 2020-03 | 1 | losing money |  |
| 2020-06 | 1 | net worth falling | losing money |
| 2020-09 | 0 |  | net worth falling |
| 2020-12 | 2 | delinquency rising, members leaving |  |
| 2021-03 | 2 | net worth falling | members leaving |
| 2021-06 | 2 | delinquency 2x band | net worth falling |
| 2021-09 | 2 | members leaving | delinquency 2x band |
| 2021-12 | 2 | delinquency 2x band | members leaving |
| 2022-03 | 1 |  | delinquency rising |
| 2022-06 | 2 | losing money |  |
| 2022-09 | 3 | net worth falling, leaning on borrowings | delinquency 2x band |
| 2022-12 | 3 |  |  |
| 2023-03 | 3 |  |  |
| 2023-06 | 2 |  | losing money |
| 2023-09 | 2 | assets shrinking | net worth falling |
| 2023-12 | 5 | losing money, delinquency 2x band, delinquency rising |  |
| 2024-03 | 6 | repo signal, loan book shrinking | losing money |
| 2024-06 | 7 | losing money, charge-offs p90 | loan book shrinking |
| 2024-09 | 8 | net worth falling, loan book shrinking | repo signal |
| 2024-12 | 4 | thin capital, repo signal | leaning on borrowings, assets shrinking, delinquency 2x band, delinquency rising, charge-offs p90, loan book shrinking |
| 2025-03 | 3 | margin squeeze | losing money, repo signal |
| 2025-06 | 3 | delinquency 2x band, repo signal | net worth falling, margin squeeze |
| 2025-09 | 1 |  | delinquency 2x band, repo signal |
| 2025-12 | 2 | assets shrinking |  |
| 2026-03 | 4 | delinquency 2x band, leaning on borrowings |  |

## In the news (Google News, unfiltered, newest first; check the city)

- 2021-09-07 [NRL Federal Credit Union to rebrand as Spectra Credit Union - American Banker](https://news.google.com/rss/articles/CBMimwFBVV95cUxOZmNkcXgxOWszdGR6cHlHMjBtLXk2UXJSS2RRVWJIcEJlYTZDY2JZUVRMZThyV2k4clhYdWhDWVRLcllrOTlVLU5zbjRKd3VPSWVZWEpkdXpzaGtLZVg1bWxlWVBiQ1loS1Uwd3JiazAybnZUYnlOa0lyclNFNnAxQkxfZFJiaVZva1FUc0tOMkthRTRsRy13U29Gcw?oc=5) · American Banker
- 2022-03-14 [NRL Federal Credit Union announces name change - CUInsight](https://news.google.com/rss/articles/CBMikAFBVV95cUxPX0pLQVF2Yy1UYTR4emk5cDdmOUdMYlAzRzBjNHI4NnU0ellfUW10b08wZDlYWldkcE5TY2dGTjRweGZ1NjM5YTBhaHM2LThJQUpNLVQtLVVwSk9kSlJFcUZYWE1BN0VOWGJ0SmQ1XzBpSnBEVTdaeWR4Q0RDVTNmWG5yZi1WTnRuZXVKV21xd2Q?oc=5) · CUInsight
- 2026-07-23 [The 5 best savings accounts for kids and teens in 2026 - CNBC](https://news.google.com/rss/articles/CBMia0FVX3lxTE9iSzdjUWoxRjFZTEJJYUl4V2owR2Y5MDBvRW1JNE9vNUtCTmVZOXZIS0RYam5VWGJEV1J0NHJoMkpGNE1DaXJMTUhpSllKZ0J4Zm1pUjFaYkxYRnQ5eHZwak9KblVVT2xQSUp30gFwQVVfeXFMT194UmhiS1ZjcEtON3VRdEFFcEJua0RxRGE4Mzl4UG91QnVzbGN2RFRWdEhiOG5IZGdjYzNBdWh0S3VIYjdEOG1UVEpBVnJfSTZNSVd3WUt5dUtUXzgzUXEyZm5VelRIb3FTSjV5RkZsSw?oc=5) · CNBC
- 2025-01-31 [Best Savings Accounts for Kids and Teens for September 2026: Rates Over 10% - Investopedia](https://news.google.com/rss/articles/CBMie0FVX3lxTFBFbWctQXFmY2VuQ2taRjRpRl9SQ1lXS1lLNnh4TDN6S3RCX1VET2JKV2hlWDVZZkstdUtCSFFhYmVzUTFodUJ5ZHpNWUVzaWpCUVZmcjlQNjRnS2MwY2xXeTRfM3NUYktFMXU3S3BTZmZQZnBORExZNXc2cw?oc=5) · Investopedia
- 2026-07-31 [League of Credit Unions Pursues Another Major Expansion With Proposed MD|DC Merger - CUTimes](https://news.google.com/rss/articles/CBMipgFBVV95cUxQdHAwSmxQNlNYLWViTFJrSlBZaG9LRUFiU1VlVDc3OEpnNHltVE5rQjFFNU55VjFRMVlBTjlwaXFCRTV6YVlLRDAxSmpCdUNWbjhPNUF0dmZWWjFjR1d1cHVhaW8xeUFqM0FndU9pRDZVTUY5YzJWQlN0ejVwc0lhN2ExNmp1WkROTlJlSVM2cDdnN0NPcGtRZDlrOTRqWXR1RE03R25R?oc=5) · CUTimes
- 2024-03-11 [Office of Veterans Affairs Held Panel on Needs of Female Veterans - Camden County, NJ](https://news.google.com/rss/articles/CBMimwFBVV95cUxNSkNEM1pxZVRGblY5NWpoc2U0UzJocy1MaVBnNjNKdF9ZaFkzMnlkOVFkWDhsX19CQ2xYRlRkN0hYZHR4OVNWYndRaXNYMVRUZnFMVmpuR05xVW9mUVh5WE1waHJ6eW5qN2NyOEZVRTNzcnV6UEp2TEk2ci1WQXhHamhIeXFSNUdZd0hFeHlkQnNUb0pfVHFzaWhtcw?oc=5) · Camden County, NJ
- 2020-02-29 [Best 1-Year CD Rates for September 2026: 4.36% APY Still Available - Investopedia](https://news.google.com/rss/articles/CBMiaEFVX3lxTFBWdHhPbWJzNDJGd2pXNGZ2Y0wwSWlibkFqU1BJV21xNk04a1RKdlNFUXdCa3gzUGVoUlJHaWo4ZXdjeUxVdGpGSC1tcXo4VHNkekVuSDd5LTZOMHJIdG1QY0FxWjdqXzBa?oc=5) · Investopedia
- 2018-01-08 [Spectra Partners With NS2, 191 Touring For Sandler Center Booking - celebrityaccess.com](https://news.google.com/rss/articles/CBMimwFBVV95cUxOeXVubmRsLWFwbWJKNU1HWmFGQzhWX3FnQzBKV2hpM0oyekJfY19WMzJGamk1NHAzM1B1MEI1ZXo4eUFzUG10eUdQRXJsUjQzSnJZOFRWZHAzSEVIdlU5QW1BblZhMV82a0dyRWxTOGQ4NHVmQV9WQXlXY25zeFBqRWY0VXliNlV2UC1mN0plTGtZRndTOHkzaGdEYw?oc=5) · celebrityaccess.com

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=5380 (every cell opens its formula and NCUA account codes; the News tab is the same search)
- Latest row, JSON: https://getbookiq.com/cu-intel/data/summary.json · history: https://getbookiq.com/cu-intel/data/h/4.json (key "5380", columns cycle, assets, loans, shares, networth, nwr, roa, total_dq_pct, total_nco_pct, vehicle, veh_pct_loans, indirect, ind_pct_veh, ind_veh, ind_re, ind_comm, ind_other, ind_pct_loans, loans_n, granted_n_ytd, granted_ann, loan_pen, granted_pen, avg_loan_bal, loans_per_fte, veh_part, tp_pct_nw, veh_dq_pct, veh_nco_pct, repo_pct_veh, members_yoy, ltos, cash_pct, borrow_pct, nim_pct, opex_pct, risk_score, members, fte, cash_total, invest_sec, allowance_eff, int_income_ytd, int_exp_ytd, provision_eff_ytd, nonint_income_ytd, nonint_exp_ytd, net_income_ytd, n_flags, re_pct_loans, cc_pct_loans, comm_pct_loans, cert_pct_shares, core_pct_shares, part_buy_ann, part_sell_ann, pot_members, sh_draft_n, chk_pen, fom_pen, flags)
- Participation history: https://getbookiq.com/participation-desk/#cu=5380
- Field definitions: https://getbookiq.com/dictionary/#cu-ltos and the rest of the credit union dictionary
- Source: NCUA 5300 call report bulk files. Income fields are annualized by cycle month (Mar x4, Jun x2, Sep x4/3, Dec x1). Percentiles are within the asset band in the same quarter.

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Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide