WASHINGTON—NAFCU and CUNA have joined with several trade associations in sending a letter to Treasury Secretary Janet Yellen, calling for the department to use its platform to raise public awareness of the coin circulation slowdown, and publicize the need to get coin moving in the economy once again.
In July 2020, the U.S. Mint and Federal Reserve established a U.S. Coin Task Force to address the mounting coin circulation problem, which is primarily a result of the coronavirus pandemic shifting a large number of transactions from cash-based to card-based payments.
In the joint trades letter, the group highlighted the task force’s initiatives, which included encouraging consumers to use exact change when making cash purchases and depositing coins at their financial institution or redeeming them at a convenient coin kiosk.
However, as coin circulation issues continue to persist, the group urged Treasury to amplify the task force's messaging to "help the most coin-dependent of consumers and the financial institutions and retailers that serve them."
Don’t Forget to Check the Spam Folder!
Don’t forget to check your Spam/Junk email folder if you didn’t receive your free, popular and daily CUToday.info news headlines on Monday.
And if you haven’t yet signed up for the new email solution on which CUToday.info has partnered with ResponseGenius, you can do so here. Signing up requires less than one minute of your time.
CUToday.info has received very positive response from readers following the move to an improved provider of the daily headlines, but many also noted they did need to go to their Spam/Junk folder and mark it as safe.
The new email solution has not only improved every reader’s delivery experience, but it also features a fresh, new format that is easy to read, especially on mobile devices.
Please note and/or make your IT department or email administrator aware the emails will be coming from the domains CUTodayinfo.com and CUTodayinfoReply.com.