Shred Days 2017
Join us at a UNION Savings BANK location for a FREE on-site document shredding event. Protect yourself from identity theft and shred items like old bank statements, tax returns and more! This event is open to customers and the community.
Event Times and Locations - Shredding will start promptly at 12:00 pm. No early arrivals please as our branch locations are open for banking business until noon.
- Belvidere - Saturday, April 8, 2017 from 12:00 pm - 2:00 pm
- Rockford - Saturday, April 15, 2017 from 12:00 pm - 2:00 pm
- Mount Morris - Saturday, April 22, 2017 from 12:00 pm - 2:00 pm
- Freeport South Street - Saturday, April 29, 2017 from 12:00 pm - 2:00 pm
- UNION Savings BANK, in partnership with Freeport Recycling Center, will safely dispose of documents on site during the event.
- We advise participants to use caution when selecting items to shred. Please seek the advice of an attorney for guidance on the destruction of documents that may have tax or legal implications.
- We anticipate there will be sufficient capacity to accommodate everyone but do reserve the right to limit shredding or end the event early.
What should I consider shredding?
- Documents that contain: Name and address information, birth dates, social security or tax id numbers, banking or credit card information, business records, tax data, health information
- Examples: credit card slips, bank statements and receipts, medical records and invoices, credit card applications, utility bills, canceled checks, paycheck stubs, medical visit summary
- Acceptable shredding items: Paper, paper clips or staples, forms, manila file folders, envelopes (with or without window), large clasp envelopes, non-plastic pocket folders, expandable file folders, documents that are bound must be separated before shredding
- Non-acceptable shredding items: heavy cardboard, metal or plastic spiral binding, large metal binder clips, 3-ring binders, electronics like CD, DVD, diskettes, floppy disks, computer backups, hard drives, containers that weigh more than 35 pounds
How long before I should shred a document? The Better Business Bureau provides the following suggestions for how long to retain documents before destruction.
- Canceled Checks - Canceled checks with no long-term significance for tax or other purposes may be destroyed after one year. However, canceled checks that support tax returns, such as charitable contributions or tax payments, should be held for at least seven years – long enough to cover the tax assessment period. Consumers should indefinitely keep any canceled checks and related receipts or documents for a home purchase or sale, renovations or other improvements to owned property, and non-deductible contributions to an Individual Retirement Account.
- Deposit, ATM, credit card and debit card receipts - Consumers may save credit, debit, and ATM receipts until the transaction appears on their statement and they have verified that the information is accurate.
- Credit card and bank account statements - Credit card and bank account statements with no tax or other long-term significance may be discarded after a year; remaining statements should be kept for up to seven years. If a consumer receives a detailed annual statement, they may keep it and shred the corresponding monthly statements.
- Credit card contracts and other loan agreements - Credit card contracts and loan agreements should be kept for as long as the account is active.
- Documentation of a purchase or sale of stocks, bonds and other investments - Investors should retain documentation of a purchase or sale for as long as they own the investment and then seven years beyond that time. Monthly retirement and monthly investment account statements may be shredded annually after being reconciled with the year-end statement.
- Paycheck Stubs - Paycheck stubs may be shredded yearly after the income has been reconciled with a W-2 or other tax forms.
- Utility or monthly bills - Monthly bills may be shredded the year after being received by the consumer.
How will my documents be handled at the event?
All shred events will have a “drive through” setup. Bank employees will unload your vehicle and transfer the documents to a secured bin. When the bin is filled to capacity it is immediately transferred by a bank employee to the on-site shred truck for destruction. Participants should remain in their vehicles and follow traffic patterns to ensure the safety of all attendees and staff.