The U.S. Mint has officially stopped producing new pennies, following a directive from the Secretary of the Treasury earlier this year. This decision was made due to the increasing cost of manufacturing the penny.

Here’s how this affects you:

• The U.S. Mint creates coins, and the Federal Reserve distributes them to financial institutions like ours.
• As existing penny inventories are depleted, distribution centers will no longer be able to fulfill penny orders from banks and credit unions.
• Some regions have already run out of supply, and others are expected to follow.

We encourage members to prepare for reduced penny availability.

To ensure the best experience for our members, we’ve placed a limit on the number of pennies that can be purchased.

Our team is available to answer any questions and assist with this transition.