Over eight tons of paper shredded by Broomall Credit Union

June 15, 2012 by  

Identity theft is one of the fastest growing crimes in the country. Thieves are known to gain access to a person’s data and private information by digging through the garbage and recycling bins, with some even stealing mail directly out of a person’s mailbox.

To help prevent identities from being stolen, the Franklin Mint Federal Credit Union in Broomall, PA, holds an annual shredding event in May. This year’s event took place on May 12 and people from around the area brought in 16,100 pounds of paper to be shredded.

The event offers more benefits than simply protecting people’s identities, though. Paper collected and shredded during the event was recycled. According to the FMFCU Vice President/Chief Retail Officer, John T. Powers, the paper collected during the shredding event saved 137 trees. It also resulted in 74% less air pollution and 58% water savings.

During the three-hour event, people had the opportunity to talk to representatives from a car dealership and insurance company. Attendees also had a chance to donate to a good cause, with a fundraiser collecting money for the Franklin Mint Federal Credit Union Foundation. The Foundation implements financial literacy programs in the Broomall area and in the surrounding regions. It also provides financial support to local charities and educational programs.

News of the annual event was spread with the help of Broomall area print companies. Flyers advertising the event let credit union members and non-members know when it was scheduled to occur. The flyers also included information on the time and how much paper each person could bring to be shredded.