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DaLand CUSO and St. Cloud Financial Credit Union announce strategic partnership to drive digital asset innovation

ST. CLOUD, MN AND ROCKY HILL, CT (July 22, 2024) — In a strategic partnership aimed at redefining the future of digital assets, St. Cloud Financial Credit Union and DaLand CUSO are combining their expertise to lead the financial services industry toward innovative and secure digital asset solutions.

This unique collaboration represents a shared journey between a CUSO and a credit union, both committed to empowering financial institutions through technology that adapts to the evolving landscape of money and payments. St. Cloud FCU has completed its development of the CU-Digital Asset Vault, built on DaLand’s CODE Engine, and will be the first credit union in the nation to solve the major problem of giving people a trusted, local, secure location to store their new form of wealth—digital assets. The credit union plans to launch to its community and expand this innovative, game-changing offering later in August.

As part of this pioneering partnership, St. Cloud FCU and DaLand are sharing their insights and strategies through a series of detailed LinkedIn articles. These articles are designed to lead the financial services industry by educating, advocating, and providing practical guidance on navigating the digital asset age. Covering topics such as digital assets, blockchain technology, and the evolution of currency, the articles offer strategic advice and action steps for credit union leaders to not only remain relevant but to actively shape the future of financial services.

“We don’t often strive to be at the forefront of new digital spaces given our credit union’s size,” said Jed Meyer, CEO at St. Cloud Financial Credit Union. “However, our 94-year quest to serve as a trusted local partner in securing our members’ wealth has led us to this point of launching a digital asset vault. Wealth in the form of tokenized digital assets is where our industry is headed. The movement and safe preservation of our members’ money is a core function of our credit union, and we are proud to be prepared to serve our community in this way. Additionally, we are excited to help other credit unions across the country by sharing our insight and with the core-centric products we have built over the past three years with DaLand.”

“Our technical advancements and strategic expertise complement St. Cloud Financial Credit Union’s strategic vision,” said Jeff Levesque, CEO at DaLand CUSO. “Together, we are driving meaningful change in the financial sector. This latest innovation by DaLand is made possible by our extensive experience helping financial institutions optimize operations and implement modern, relevant banking technologies. DaLand remains a full-service solutions provider and is excited to add this use case to its catalogue of functions and components within our organization and CODE Engine.”

To learn more about their strategic thought process and to read the latest articles, visit Jed Meyer’s LinkedIn page at https://www.linkedin.com/in/jed-meyer and the DaLand CUSO page at https://www.linkedin.com/company/daland-cuso-llc.

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