SCFCU Earns Award for Innovation at Annual Corelation Conference

St. Cloud Financial Credit Union received national recognition in May at the 13th Annual Corelation Hybrid Client Conference held in San Diego, California.

SCFCU was named a Coolness in Corelation award winner on May 30 during the two-day conference for innovation displayed inside of the KeyStone Core, which is a prominent core processing platform build exclusively for credit unions.

SCFCU Executive Vice President and Chief Lending Officer Chase Larson and Chief Operating Officer Jamie Kleve were in attendance to receive the award, also presenting the overall strategy and elements of our CU-Digital Asset Vault, a product that is set to launch by year-end.

“It's important to us to continue to support the cooperative model and meet our members where they are,” Kleve said. “This product will allow us to provide a secure solution for our members who are in the space today, as well as continue to support our members in the future as the financial industry continues to evolve. The ability to use our core banking platform for technologies such as this is why we chose Corelation, Inc. five years ago as our core processing provider.”

During the presentation, Larson began by touching on the overall strategy of the credit union as it pertains to Digital Assets and the CU-Digital Asset Vault. Kleve then presented a video highlighting the CU-Digital Asset Vault and its key features.

“At SCFCU, our CU-Digital Asset Vault is a testament to our commitment to protecting the fruits of our members' labor, no matter the form they take,” Larson said. “By securely safeguarding Bitcoin, Ethereum, and USDC Stable Coin, we are dedicated to providing cutting-edge financial services that ensure our members' investments are as secure and trusted as their traditional assets. This vault not only enhances the security of digital assets, but also offers members peace of mind knowing their investments are protected by a trusted institution.”

The annual Corelation Conference gives attendees the opportunity to learn, network and celebrate the credit union industry’s most innovative core processing system: KeyStone. The Coolness in Corelation portion of the conference recognizes credit unions across the country who exhibit clever ways they have come up with to get the most from the KeyStone Core, as well as what they have planned, implemented or benefited from with the system’s functions and internal processes to provide the best service to their members.

“With the cooperative model of our credit union, the needs and interests of our members are at the forefront of everything we do at SCFCU. As we continue to change and evolve as a credit union, so does the structure of how our members securely store their valuable assets,” said SCFCU President and CEO Jed Meyer. “A number of years ago, we began working with DaLand CUSO to create the CU-Digital Asset Vault, a first-of-its-kind product for our members to safely store their assets with someone they trust, just in a new space with digital value. I am proud of the work done by our team at SCFCU in the commitment to being a local, trusted partner for our members as we continue to securely store their valuable assets in all forms the same way we have for the last 94 years.”