Here are basic guidelines on what to shred:
- Safely destroy personal documents such as: unused checks, unwanted credit card offers & junk mail.
- Credit card receipts and statements: Keep receipts until your monthly statement arrives; if that's correct, shred the receipts. Exceptions: Keep a receipt if you're disputing a bill or to cover a warranty or return period. Keep the statements for seven years if they contain tax-related expenses.
- Pay check stubs: Make sure the information on your paycheck stubs matches your annual W-2 when you receive it, then shred the stubs. If your employer lists vacation/sick leave carryover on your paycheck stub, keep the last one of the year. Notify your employer if the information doesn't match.
- Credit union records: At the end of each year, go through your share draft carbons or statements and only keep those related to taxes, business expenses, and housing or mortgage payments.
- Tax records: The IRS has three years to audit your return, and you have three years to file an amended return to claim a refund if you made a mistake. If you made a mistake of under-reporting your gross income by 25% or more on a return, the IRS has six years to challenge it. If you filed a fraudulent return or didn't file one at all, the IRS can catch you on it at any time. Keep a copy of all 1040 tax forms permanently.
Miscellaneous: Keep these items permanently: Updated household inventory, birth and death certificates, marriage license, divorce papers, military records, insurance claims, accident reports and claims, proof of ownership and major debt repayment, IRA contribution records, and legal correspondence
Winnebago Community Credit Union will NEVER request account information via text message, email, website, phone calls or any other means. Do not ever give out any personal or financial information to anyone.
According to the FBI, financial fraud is one of the fastest-growing crimes in the United States. Among this type of fraud is phishing, smishing, vishing, identity theft, credit card fraud and internet scandals. Never disclose via text message (or any other means) any personal information, including account numbers, passwords, or any combination of sensitive information that could be used in a fraudulent manner. Use caution if you receive a text message, voicemail message or email expressing an urgent need for you to update your information, activate an account, or verify your identity by calling a phone number or submitting information on a web site. These messages may be part of a phishing scam conducted by fraudsters to capture your confidential account information. Once this information is obtained, fraudsters have all your personal financial information and do some great damage. Never click on a link from an email you receive. If you question whether an email is legitimate, open up your internet browser and go to the site. Chances are you will not find any information that corresponds with the email. Most likely, it is fraud.
For more information, please refer to the following helpful websites:
If you experience any fraudulent activity or are contacted by someone suspicious, please notify the credit union. Gather as much information as possible so we can help put a stop to fraudsters!