Update on Penny Availability

Grand Rapids, Michigan – December 29, 2025

Due to the U.S. Treasury's decision to end penny production, the Federal Reserve has stopped supplying the penny in many locations nationwide. As a result, our ability to fulfill penny-related requests may be impacted.

To ensure fairness and continuity of service, effective Monday, February 2, 2026:

Cash Transactions

Non-Customers

Cash Advances or Check Cashing only
Cash totals rounded to the nearest nickel
Rounding applies only to the final cash total
Electronic payments remain exact
Penny requests from non-customers or collectors cannot be honored

Customers

If exact change isn’t available, the remaining cents will be credited to your account
- Example: Check for $60.23 → $60.20 in cash, $0.03 deposited
Cash deposits credited for the exact amount
Penny change orders will be limited to two rolls per customer per day

What You Can Do

We encourage consumers to recirculate coins—check your home, car or coin jars and bring them into your preferred Union Bank location. Rolled coins are accepted at all Union Bank locations. Coin machines are available at our Dimondale, Lake Odessa and Westphalia Branch locations.

Questions?

At Union Bank, we’ll continue to monitor updates from the Federal Reserve and U.S. Treasury and will share guidance as it becomes available. Should you have any questions, please contact us.

Union Bank is a wholly owned subsidiary of Union Financial Corporation and operates full-service banking offices in Ada, Dimondale, Grand Rapids, Hastings, Lake Odessa, Mulliken and Westphalia and a loan production office in Portage. Member FDIC and Equal Housing Lender. (NMLS# 488568) ubmich.com

Media Contact: Rose Willson | Assistant Vice President, Marketing Manager | rwillson@ubmich.com | (616) 374-3278