Aug 28, 2023

Saturday, September 30 9:00 a.m. – 12:00 noon Florence branch, 7170 Turfway Road. Find a Branch

What to bring: paper documents (with staples or paper clips are okay). It’s easiest to bring loose papers in boxes or containers; they will be emptied and given back to you.

Not accepted:

  • 3-ring binders
  • Books
  • Plastic bags including poly mailing bags/envelopes
  • Plastic folders of any kind

This service is provided for free as a benefit to Cinfed members and the community. Donations of canned goods will be accepted and provided to neighborhood food banks. A large turnout is expected which may result in extensive traffic. Please be patient or make plans to arrive later in the day.

Your Financial Documents: Shred or Save?

The amount of paper entering your home from mail or receipts can become overwhelming. Declutter – and keep your identity secure – by shredding your financial documents. Grab a box and start going through that filing cabinet but be careful because some documents have a longer shelf live than others. The following documents are safe to shred right away:

  • Paid utility and billing statements
  • ATM receipts
  • Sales receipts

An electronic statement option for your credit card or checking account will prevent the hassle of keeping track of paper copies. If holding financial documents over time makes you fearful of misplacing them, scan them electronically to a computer then shred the paper copy. According to the Federal Trade Commission (FTC), these documents are safe to shred after one year:

  • Pay Stubs
  • Credit Card statements
  • Medical bills (unless in dispute)

There are many documents you can throw away after a certain amount of time, however, these documents should be kept forever:

  • Birth certificate
  • Social Security card
  • Legal will
  • Insurance documents

Note: The FTC recommends keeping tax-related records for seven years. The IRS normally has three years to complete an audit, but in some cases, seven is possible.

Keep your financial documents in a secure place until you can discard them safely. Shredding is one of the safest ways to discard documents, and you can do just that with us for free at designated events. Please contact a Cinfed financial coach with any questions.