St. Cloud Financial Credit Union Launches CU-Digital Asset Vault™ —Positioning the Credit Union as the most Valuable Wallet for Member Digital Wealth

Jed Meyer

​St. Cloud Financial Credit Union (SCFCU) announced the live launch of the CU-Digital Asset Vault™, the first credit union-built digital asset vault designed specifically for credit union members, establishing a model for how credit unions can engage digital assets without outsourcing the member relationship, fragmenting data, or locking themselves into vendor solutions.

Built on DaLand CUSO’s Coin2Core™ architecture and integrated directly with the core, the Vault is designed to:

• Enhance the CU’s existing investment into its modern core
• Preserve the credit union as the gateway to the world of ALL digital assets and emerging wealth infrastructure
• Maintain the credit union’s position as the member’s preferred platform
• Prioritize protection and control of member/community data – keeping funds and personally identifiable information (PII) local, as digital assets evolve into foundational financial infrastructure

“Credit unions don’t need another bolt-on,” said Jed Meyer, CEO of St. Cloud Financial Credit Union. “They need an operating model that protects the member relationship today and still works five or ten years from now. This Vault keeps the credit union at the center — where it belongs — while giving members ownership, security, and a clear path forward.”

“Outsourced vendor wallets often feel like an easy button for dipping a toe into digital assets. But that convenience comes with a hidden cost,” said Jon Ungerland, CIO/Chief of Staff for DaLand CUSO.

“These ‘solutions’ quietly pull deposits, member relationships, and access to emerging money networks away from the credit union. Those networks are quickly becoming the new foundation of banking. Coin2Core was built differently. It’s designed to multiply the return on the core systems and operations you already have, while placing digital assets at the very center of modern member service and retail offerings—so credit unions can remain what they’ve always been at their best: trusted depositories, responsible lenders, everyday payments providers, and living engines of local economies.”

Many early digital-asset offerings rely on external wallets that sit outside the core, creating disconnected experiences and shifting data, control, and long-term flexibility away from the credit union. SCFCU’s Vault takes a different approach.

Rather than layering a temporary solution on top of legacy systems, Coin2Core™ connects digital- asset activity through the core itself — allowing the credit union to retain governance, reporting, and visibility while supporting hybrid self-custody, where members own their assets and the credit union provides institutional safeguards.

This architecture is intentionally designed to scale beyond safekeeping. By anchoring digital assets at the core level, credit unions can evolve capabilities over time — including network connectivity, transactional services, and credit use cases — without re-platforming or re-educating members later.

“Digital assets are becoming financial infrastructure,” Meyer added. “Credit unions now face a clear choice: remain the trusted gateway for their members’ digital wealth, or allow that relationship to shift to third parties.”

By embedding digital-asset services into its operating model, SCFCU has prioritized:

• Member ownership through hybrid self-custody
• Board-ready governance and risk controls
• Long-term architectural flexibility as use cases mature
• Preservation of the cooperative relationship and data integrity

Availability
The CU-Digital Asset Vault™ has been available to eligible SCFCU members as of February 9, 2026. Feature availability, limits, and policies follow SCFCU governance standards and applicable regulatory guidance.

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