Document Shredding for Banks & Credit Unions — GLBA & FDIC Compliant
NAID-certified document destruction built for financial institutions and multi-branch organizations across IL, IN, IA, MO, MN, WI, and KY.
Call Now: 309-276-0409
Get a Free Shredding Quote
Why Banks and credit unions Need Secure Document Shredding
Banks and credit unions manage some of the most heavily regulated data in existence — account numbers, loan files, wire transfer instructions, and anti-money-laundering documentation. Federal and state examiners routinely review how financial institutions dispose of physical records, and a single incident of improperly discarded customer information can result in regulatory findings, fines, and loss of customer trust that extends well beyond a single branch.
MedWaste Solution provides NAID-certified, HIPAA-compliant document shredding to banks and credit unions throughout Illinois, Indiana, Iowa, Missouri, Minnesota, Wisconsin, and Kentucky. With no long-term contracts, competitive pricing, and free quotes, we make it simple for your bank or credit union to build a reliable, compliant document destruction program — whether you need a one-time purge or scheduled recurring service.
Documents We Securely Destroy
Every bank or credit union generates paper records containing sensitive personal, financial, or client information. Below are the most common document types our clients in this industry ask us to securely shred:
- Loan applications
- Account statements
- Canceled checks
- Wire transfer records
- BSA/AML files
- Customer due diligence records
- Mortgage documents
- New account opening paperwork
Compliance Requirements Your Bank or credit union Must Meet
Secure document shredding isn’t just a best practice — it’s often a legal requirement. Here are the key regulations that apply to document disposal in your industry:
Gramm-Leach-Bliley Act (GLBA)
Requires financial institutions to protect the security and confidentiality of customer information, including its secure disposal.
FDIC Regulations
FDIC guidance addresses information security programs for insured institutions, including the physical disposal of records containing customer data.
Bank Secrecy Act (BSA)
Governs recordkeeping for anti-money-laundering compliance, with specific retention periods that must be observed before BSA/AML files can be destroyed.
FACTA and FFIEC Guidance
FACTA requires disposal of consumer report information, and FFIEC guidance provides examiner expectations for information security, including document destruction practices.
How It Works
Schedule Your Service
Call 309-276-0409 or submit the quote form below. We’ll discuss your volume, frequency, and compliance needs.
Container Delivered
We deliver secure, locked collection containers to your office, sized to fit your space and document volume.
Shred + Certificate
Documents are destroyed on-site or at our secure facility, and you receive a certificate of destruction for your compliance records.
NAID-Certified You Can Trust
MedWaste Solution is a proud NAID (National Association for Information Destruction) member, meeting rigorous, independently audited standards for secure information destruction. Our shredding process is HIPAA-compliant, our vehicles and facilities meet chain-of-custody requirements, and every job is documented with a certificate of destruction. We hold a BBB A+ rating and have served more than 1,000 customers across Illinois, Indiana, Iowa, Missouri, Minnesota, Wisconsin, and Kentucky with a 98% on-time service record — no long-term contracts required.
Frequently Asked Questions
What banking records require secure shredding?
Loan applications, account statements, canceled checks, wire transfer records, BSA/AML documentation, and mortgage files all contain sensitive customer data and should be securely shredded once retention requirements are satisfied.
How does GLBA affect document disposal?
GLBA’s Safeguards Rule requires financial institutions to implement a written information security program, which includes procedures for the secure disposal of customer information — physical document shredding is a key component of demonstrating GLBA compliance.
Do you serve multi-branch organizations?
Yes. We provide consistent, scheduled shredding services across multiple branch locations, with centralized certificates of destruction so your compliance team has a single point of documentation for the entire institution.
Get Your Free Shredding Quote
Fill out the form below or call 309-276-0409 to speak with our team today.
