Credit Union News

Changes to Savings Bonds

Effective January 1, 2012, the U.S. Department of the Treasury will no longer issue paper savings bonds. Bonds will continue to be available in electronic form, but ceasing paper printing will save taxpayers approximately $70 million during the next five years.

Because paper bonds will no longer be issued, RBFCU will not be able to sell bonds at branch locations. However, members who wish to invest in savings bonds will still have opportunities to purchase them through the Treasury Direct website. Paper bonds may still be redeemed at any RBFCU Branch Location.