sascu Security
How this credit union protects your money: encryption, 2FA, insurance, monitoring and fraud prevention.
Before You Decide on Banking
- Every transaction is encrypted in transit and at rest.
- Two-factor authentication is mandatory on all logins.
- Deposits are protected to $100,000 via CUDIC BC.
- Our fraud desk is live 24/7 and freezes cards in under 90 seconds.
Defence in Depth: Layers of Protection
A five-layer stack guards every account: encryption, 2FA, monitoring, card controls and insurance.
this credit union encrypts all traffic with TLS 1.3, hashes every password, monitors transactions in real time and freezes suspicious cards automatically. Each layer assumes the previous one can be bypassed.
This design follows the Canadian bank standard security framework and the guidance published by the Financial Consumer Agency of Canada.
Deposit Insurance
Eligible deposits are insured to $100,000 per depositor through CUDIC of BC.
sascu is a BC credit union: deposits are protected by the Credit Union Deposit Insurance Corporation of BC, not CDIC. Coverage applies to chequing, savings, RRSP and TFSA deposits up to $100,000 per depositor per institution.
One nuance members miss: joint accounts and trusts carry separate coverage, so a family can legitimately protect more than $100,000. Full detail is on our deposit insurance page.
When Things Go Wrong
The 24/7 fraud desk freezes a card within 90 seconds of your call.
Our fraud desk answers at 1-800-555-0199, press 2. After verification, the team freezes the card, reviews the transactions and files the reimbursement case. Members are never responsible for unauthorized transactions if they report them promptly.
If 2FA changes, first confirm the new device; this prevents the most common account-takeover route.
The official methodology is detailed in the sascu overview.
Key facts at a glance
The practical numbers for this topic, and the one caveat to keep in view.
- Logins with 2FA: 100%.
- Coverage: $100k CUDIC.
- Fraud desk: 24/7.
This data does NOT cover business and institutional deposits, which price off a separate schedule. Originally we showed only the headline figures; member questions pushed the desk to publish the full methodology in the overview.
The official methodology is detailed in the sascu overview.
| W | h | a | t | i | t | d | o | e | s | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Encryption | TLS 1.3 + hashing | <0.01% | |||||||||
| 2FA | Every login | 0 steps skipped | |||||||||
| Monitoring | Real-time block | 24/7 | |||||||||
| Fraud desk | 90s freeze | Answer < 3 min |
One more thing about Security
Is the platform safe?, answered plainly: Yes, sascu uses bank-grade encryption, mandatory 2FA and 24/7 fraud monitoring, and eligible deposits are insured to $100,000..
Members ask about "Is our team safe?" more than any other topic this quarter. The short answer: Yes, sascu uses bank-grade encryption, mandatory 2FA and 24/7 fraud monitoring, and eligible deposits are insured to $100,000.. If you only remember one number, make it the headline figure above - every price on this page references it.
One practical note: review your own file before deciding, because the exact terms shift with the current rate window.
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