St. Cloud Financial Credit Union deploys core integrated digital asset platform for members
St. Cloud Financial Credit Union (SCFCU) announced the launch of CU-Digital Asset Vault, a digital asset platform built specifically for the credit union’s members.
Essentially, Vault integrates directly with a credit union’s core systems, allowing members to hold and manage digital assets like Bitcoin while the credit union manages data, governance, and membership relationships.
Vault uses DaLand’s CUSO’s Coin2Core architecture to connect digital asset activities to SCFCU’s existing infrastructure.
Unlike many digital asset services that hand over management of wallets and associated membership relationships, deposits, and data to external providers, Vault places management in the hands of credit unions.
In a press release confirmed by the credit union, SCFCU said members will continue to manage their assets through a hybrid self-custody system while adding institutional-level safeguards and reporting. bitcoin magazine.
“Credit unions need an operating model that protects member relationships and works over the long term,” said Jed Meyer, CEO of SCFCU. “This safe gives ownership and security to our members while keeping the credit union front and center.”
Many early digital asset services rely on third-party wallets and vendors outside of financial institutions’ systems. This setting can create a fragmented experience for users and limit your institution’s view of member activity. SCFCU’s Vault works differently.
By bringing digital assets directly into core operations, credit unions can oversee transactions, manage risk, and keep data in-house.
Digital assets are under hybrid control
The platform also enables board-level oversight to support regulatory compliance and stay true to the cooperative principles that define credit unions.
Jon Ungerland, CIO and Chief of Staff at DaLand CUSO, said Coin2Core was built to extend the value of credit unions’ existing systems. “Traditional vendor wallets take deposits and membership relationships away from credit unions. Coin2Core connects digital asset activities to the core, allowing credit unions to remain trusted depository institutions and service providers while supporting digital asset ownership,” Ungerland said.
SCFCU designed Vault to support future functionality beyond basic storage. The platform can evolve to include network connectivity, transaction services, and credit use cases without the need for members to switch platforms or relearn processes.
SCFCU said that by anchoring digital assets at a core level, credit unions can expand their services as their digital asset infrastructure evolves.
CU-Digital Asset Vault is now available to eligible SCFCU members starting February 9, 2026.
Feature availability, limitations, and policies are in accordance with SCFCU governance standards and applicable regulatory guidance.
Meyer emphasized that digital assets are becoming financial infrastructure. “Credit unions now have to choose between remaining trusted gateways for their members’ digital assets or moving that relationship to a third party,” he said.
This post, St. Cloud Financial Credit Union rolls out core integrated digital asset platform for members, first appeared in Bitcoin Magazine and was written by Micah Zimmerman.
