St. Cloud Financial Credit Union (SCFCU) announced the launch of its CU-Digital Asset Vault™, a digital-asset platform built specifically for credit union members.
Essentially, the Vault integrates directly with the credit union’s core systems, allowing members to hold and manage digital assets – like Bitcoin – while keeping the credit union in control of data, governance, and member relationships.
The Vault uses DaLand’s CUSO’s Coin2Core™ architecture to connect digital-asset activity to SCFCU’s existing infrastructure.
Unlike many digital-asset services that hand off wallets — and along with them, control of member relationships, deposits, and data — to outside providers, the Vault keeps management in the hands of the credit union.
Members stay in control of their own assets through a hybrid self-custody system, while SCFCU adds institutional-level safeguards and reporting, the credit union said in a press release seen by Bitcoin Magazine.
“Credit unions need an operating model that protects the member relationship and works over the long term,” said Jed Meyer, CEO of SCFCU. “This Vault keeps the credit union at the center while giving members ownership and security.”
Many early digital-asset services depend on third-party wallets or vendors that sit outside a financial institution’s systems. That setup can create a fragmented experience for users and limits the institution’s view of member activity. SCFCU’s Vault works differently.
By bringing digital assets directly into its core operations, the credit union can oversee transactions, manage risk, and keep data in-house.
The digital assets stay in hybrid control
The platform also allows for board-level oversight and supports regulatory compliance, staying true to the cooperative principles that define credit unions.
Jon Ungerland, CIO and Chief of Staff at DaLand CUSO, said Coin2Core was built to expand the value of the credit union’s existing systems. “Traditional vendor wallets pull deposits and member relationships away from the credit union. Coin2Core connects digital-asset activity to the core, allowing credit unions to remain trusted depositories and service providers while supporting digital-asset ownership,” Ungerland said.
SCFCU designed the Vault to support future capabilities beyond basic safekeeping. The platform can evolve to include network connectivity, transaction services, and credit use cases without requiring members to switch platforms or re-learn processes.
By anchoring digital assets at the core level, SCFCU said credit unions can expand services as digital wealth infrastructure develops.
The CU-Digital Asset Vault™ has been available to eligible SCFCU members since February 9, 2026.
Feature availability, limits, and policies follow SCFCU governance standards and applicable regulatory guidance.
Meyer emphasized that digital assets are becoming financial infrastructure. “Credit unions now face a choice: remain the trusted gateway for their members’ digital wealth, or allow that relationship to shift to third parties,” he said.
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