SCFCU Launches CU-Digital Asset Vault™ — Giving Members Ownership, Human Support, and Peace of Mind
St. Cloud Financial Credit Union is proud to announce the launch of its CU-Digital Asset Vault™, a new way for members to safely own and protect digital assets — backed by real people, clear support, and thoughtful planning for the future.
As interest in digital assets continues to grow, SCFCU designed the Vault around what members consistently say matters most.
You Own Your Digital Assets
The CU-Digital Asset Vault™ is built on a hybrid self-custody model, meaning members retain ownership of their digital assets while the credit union provides institutional-grade safeguards and oversight. Assets are not controlled by a third-party app or moved outside the credit union relationship.
“Members shouldn’t have to choose between control and security,” said Chase Larson, EVP/CLO of St. Cloud Financial Credit Union. “This Vault allows members to truly own their digital assets while staying anchored to a trusted financial institution that knows them, serves them, and stands behind them.”
You Can Talk to a Real Person
Unlike many digital-only platforms, Vault members can call and speak with a real SCFCU employee when they have questions or need help.
“Technology should never replace human connection,” said Jed Meyer, CEO of St. Cloud Financial Credit Union. “If a member needs assistance, they can call us, visit a branch, and talk with someone they trust. That’s who we are — and that doesn’t change as financial tools evolve.”
Your Beneficiaries Can Access What Matters
The CU-Digital Asset Vault™ is designed with life planning in mind. Beneficiaries can obtain access to digital assets through established credit union processes, helping families avoid the confusion or loss that can occur when assets are held in personal wallets without a recovery path.
“Digital assets are part of a person’s financial life,” Larson added. “That means they should be handled responsibly — including how loved ones access them when it matters most.”
A Careful, Phased Rollout
SCFCU is launching the Vault in phases, beginning with digital asset safekeeping and education. Additional capabilities may be introduced over time as regulations evolve and member needs grow.
Members interested in learning more can visit www.scfcu.org/digitalassetvault or speak directly with an SCFCU team member.
About St. Cloud Financial Credit Union
St. Cloud Financial Credit Union is a not-for-profit financial cooperative founded in 1930. Currently with over 28,000 members and more than $425 million in assets, the credit union is proud to serve members in Central Minnesota with branches in St. Cloud, Sartell, Sauk Rapids, Becker, and Albertville. The organization prides itself on making a meaningful difference through human connection for members and their local communities. www.SCFCU.org
Important Disclosure: Digital assets are not NCUA insured, may lose value, and involve risk. SCFCU does not provide tax, legal, or investment advice.