According to Bitcoin Magazine, the chief executive officer of $350M St Cloud announced that the credit union is the first to place bitcoin on its core ledger. The statement was made in a video released by Bitcoin Magazine featuring Jed Meyer.
The credit union described the implementation as integrating bitcoin directly into its internal ledger system, which serves as the primary record‑keeping mechanism for financial transactions. No additional details about technical specifications, timing beyond the video release, or regulatory steps were provided.
Jed Meyer is identified in the video as the CEO of $350M St Cloud and the spokesperson for this development. The credit union’s positioning as “the first” to adopt bitcoin on its core ledger is stated without comparison or qualification in the source material.
