Earlier this year, the U.S. Treasury announced it will cease production of the penny in 2026 when existing blank coin stock is expected to be depleted. The cost to mint a penny exceeds its one-cent face value, making it difficult to justify production. The move is expected to save the government more than $55 million annually.  

This change affects all U.S. financial institutions and has sparked a decrease in supply. As a result, our coin and currency provider may not be able to fulfill all penny orders. 

What This Means for Your Credit Union 

• Penny orders will be filled as supply allows; you will only be charged for the pennies you receive.
• Your orders may be shorted or go unmet as penny inventory declines.
• You may continue to deposit pennies, and they will be processed as usual.
• Express penny order services have been discontinued. 

What You Can Do 

• Monitor your penny needs closely and order only the pennies you need. 
• Prepareto minimize your penny usage as supply continues to dwindle.
• Develop a plan for how your credit union will provide change for cash transactions and adjust your processes accordingly.

How Corporate One Will Support You 

Should your penny order be shorted or go unmet, Corporate One’s Member Experience Team will notify you. We will continue to update you with any developments. Feel free to reach out to our Member Experience Team at 866/MyCorp1 with any questions you may have.