St. Cloud Financial Credit Union Surpasses 10 Bitcoin in Member Custody Pilot
St. Cloud Financial Credit Union now safeguards over 12.6 BTC for members using its new hybrid self-custody digital asset vault.Summary
St. Cloud Financial Credit Union (SCFCU) announced that its new CU-Digital Asset Vault, launched recently for its 28,000+ members, is now holding over 12.6 Bitcoin, along with smaller amounts of Ether and USDC. CEO Jed Meyer noted that this milestone indicates members seek a trusted, familiar institution for participating in digital assets without relying solely on exchanges or full self-custody. The vault utilizes a hybrid self-custody model, allowing members control while leveraging the credit union's integrated infrastructure. SCFCU plans to expand access to businesses and explore future capabilities like bitcoin-enabled payments and lending, aiming to keep digital asset services central to members' financial lives while maintaining regulatory alignment.
(Source：Bitcoin Magazine)