Phasing Out the Penny
Why is the penny going away?
- Pennies actually cost more to make than they’re worth — about 3.7 cents per coin. With fewer people using cash and more relying on cards or mobile payments, the U.S. Treasury has decided it’s time to stop making them. The last batch of penny blanks was ordered back in May 2025.
How will this affect our members?
- Effective September 1, 2026, we will no longer offer rolled pennies to business members. We’ll continue to offer loose pennies for all transactions through November 16, 2026.
What should you do with your pennies?
- Your pennies won’t suddenly become valuable collectibles — they’ll still be worth one cent each. If you have jars of them lying around, bring them in to be counted. We'll exchange your pennies for nickels, providing their full cash value in $0.05 increments, which you can deposit into your account or take as cash.