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You may have heard that pennies are becoming harder to come by. This isn’t something unique to Envista, or even to credit unions. It’s part of a nationwide shift that’s gradually changing how pennies are produced and circulated.

We’re sharing this now to help you understand what’s changing and what to expect, so there are no surprises and you can feel confident about how it may show up in everyday banking.

Why Pennies Are Being Phased Out of Circulation

A few practical factors have contributed to this shift:

Production costs: It now costs more to produce a penny than the penny itself is worth.

Declining usage: Fewer cash transactions require exact penny change.

Limited circulation: Many pennies are removed from use and never return to banks.

Because of this, the Federal Reserve has reduced the production of new pennies, and financial institutions nationwide are beginning to see limited availability.

What’s Changing Nationally

At a national level, this means:

New penny production has been reduced.

Existing pennies are still accepted as legal tender.

As supplies decline, banks and credit unions will eventually be unable to replenish their penny inventory.

This is a gradual change happening across the country, not something specific to Envista.

What This Means at Envista

At Envista, we currently have a limited supply of pennies and will continue fulfilling requests while inventory remains available. Once that supply is depleted, we will no longer be able to order or distribute additional pennies.

Our focus is on communicating early and clearly, so members know what to expect and have time to adjust if needed.

How Transactions Will Work

As penny supplies become unavailable, you may notice small changes in how some cash transactions are handled:

Cash transactions that would normally include pennies may be rounded to the nearest nickel.

Electronic transactions such as debit card purchases, ACH payments, and electronic deposits will continue to process at the exact amount.

In some cases, you may have the option to deposit the penny amount directly into your account instead of receiving it in cash.

Any rounding will always be applied fairly, and you will not lose money as a result of this change.

You’ll also see signage in our branches with reminders and details at the point of service.

What’s Not Changing

Even as availability shifts, many things remain the same:

Pennies are still accepted as legal tender.

Most everyday banking activities are unaffected.

Our commitment to clear communication and member support has not changed.

What Envista Is Doing for You

We’re actively managing this transition by monitoring coin availability, communicating early, and making sure members have clear options. Our goal is to keep banking predictable and fair, even as national changes take place.

We’re Here to Help

Changes like this don’t need to be complicated. We’ll continue to share updates as needed and are always here to answer questions or talk through what this means for you.

At Envista, communication is part of service. Our goal is to help you feel informed, supported, and confident every step of the way.