U.S. Penny Discontinuation

Frequently Asked Questions

Q: What’s happening with the penny?

A: The U.S. Mint will stop producing pennies starting in early 2026. Your existing pennies will still be legal tender. You can continue to use them, save them, or deposit them as usual.

Q: Will the Credit Union and other banks still accept pennies?

A: Absolutely! Our branches will continue to accept pennies for deposits and transactions.

Q: Is the penny phase-out a decision made by credit unions or banks?

A: No, the U.S. federal government made this decision through the Department of the Treasury and the U.S. Mint. We’re simply following the federal directive.

Q: Will I still receive pennies when cashing checks?

A: Yes, while supplies last.

Q: Can I still request pennies?

A: Unfortunately, we’re unable to fill penny orders.

Q: Can I place a special order for pennies?

A: Sorry, but we can’t fulfill this order. Our cash supplier is no longer providing pennies due to the U.S. government’s decision to discontinue penny production. However, you’re welcome to deposit your pennies as usual.

Q: What do I do with pennies I have at home?

A: You can keep using your pennies as normal. If you have a large quantity, feel free to deposit them, loose or rolled, at your local branch.

Q: How does this affect businesses?

A: Businesses that accept cash may need to round transaction totals to the nearest five cents when pennies aren’t available. Some may choose to round down. Digital and electronic transactions won’t be affected.

Q: Can branches hold pennies for me?

A: Unfortunately, branches can’t reserve pennies for members.

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Member Service Center M-F 8 a.m. - 8 p.m., Sat 9 a.m. - 5 p.m.

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Mailing Addresses

Headquarters & Overnight Space Coast Credit Union
8045 N Wickham Road
Melbourne, FL 32940-7920

Standard Mail / Deposits Space Coast Credit Union
P.O. Box 419001
Melbourne, FL 32941-9001