diff --git a/CHANGELOG.md b/CHANGELOG.md
index 82f47b96..45e91b34 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -4,6 +4,14 @@ Canonical reference for changes, improvements, and bugfixes for the Boundary Ter
 
 ## Next
 
+## 1.5.0 (December 19th, 2025)
+
+### New and Improved
+
+* Adds support for Password credentials.
+  ([PR](https://github.com/hashicorp/terraform-provider-boundary/pull/758))
+
+
 ## 1.4.0 (September 25th, 2025)
 
 ### New and Improved
diff --git a/version/VERSION b/version/VERSION
index 3a3cd8cc..bc80560f 100644
--- a/version/VERSION
+++ b/version/VERSION
@@ -1 +1 @@
-1.3.1
+1.5.0