Treasury Estimates Move from Paper to Electronic Bonds Will Save $70m in
Taxpayer Funds Within Five Years
www.CUNA.org/newsnow WASHINGTON (7/11) After 75 years of regular sales, savings bonds will no longer be sold at credit unions* and other 
financial institutions as of January 1, 2012, the U.S. Treasury has reported.
Series EE and I savings bonds will still be made available for purchase via the Treasury's online purchase platform,
TreasuryDirect. Consumers can also use the website to convert existing paper bonds into electronic bonds, and to purchase savings bonds via a payroll savings plan.
Treasury Public Debt Commissioner Van Zeck said that "savings bonds are very much a part of this country's history and culture, and will remain a part of America's future – but in electronic form. It's time for us to take a 1935 model and make it a 21st century investment tool."
Paper savings bonds may still be redeemed at participating financial institutions.* Bonds that have been misplaced or damaged, but have not matured, can be reissued in paper or electronic form, the Treasury added.
*NOTE: Coosa Pines FCU does not sell or redeem savings bonds.
