diff --git a/CHANGELOG.md b/CHANGELOG.md
index b4181635f..93aea82e6 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -6,6 +6,13 @@ Canonical reference for changes, improvements, and bugfixes for Boundary.
 
 ### New and Improved
 
+* Credentials: This release introduces a new credential store type `static`,
+  which simply takes in a user-supplied credential and stores it (encrypted)
+  directly in Boundary. Currently, the `static` credential store can hold
+  credentials of type `username_password`. These credentials can act as
+  credential sources for targets, similar to credential libraries from the
+  `vault` credential store, and thus can be brokered to users at session
+  authorization time. [PR](https://github.com/hashicorp/boundary/pull/2174)
 * controller: Improve response time for listing sessions.
   This also creates a new periodic job that will delete terminated
   sessions after 1 hour.
diff --git a/internal/db/schema/migrations/oss/postgres/10/05_target.up.sql b/internal/db/schema/migrations/oss/postgres/10/05_target.up.sql
index 02bab05dc..12a879130 100644
--- a/internal/db/schema/migrations/oss/postgres/10/05_target.up.sql
+++ b/internal/db/schema/migrations/oss/postgres/10/05_target.up.sql
@@ -29,7 +29,7 @@ begin;
   create trigger immutable_columns before update on target_credential_library
     for each row execute procedure immutable_columns('target_id', 'credential_library_id', 'credential_purpose', 'create_time');
 
-  -- replaced in 50/02_target.up.sql
+  -- replaced in 33/02_target.up.sql
   -- target_library provides the store id along with the other data stored in
   -- target_credential_library
   create view target_library
diff --git a/internal/db/schema/migrations/oss/postgres/50/01_static_credential.up.sql b/internal/db/schema/migrations/oss/postgres/33/01_static_credential.up.sql
similarity index 100%
rename from internal/db/schema/migrations/oss/postgres/50/01_static_credential.up.sql
rename to internal/db/schema/migrations/oss/postgres/33/01_static_credential.up.sql
diff --git a/internal/db/schema/migrations/oss/postgres/50/02_target.up.sql b/internal/db/schema/migrations/oss/postgres/33/02_target.up.sql
similarity index 100%
rename from internal/db/schema/migrations/oss/postgres/50/02_target.up.sql
rename to internal/db/schema/migrations/oss/postgres/33/02_target.up.sql
diff --git a/internal/db/schema/migrations/oss/postgres/50/03_session.up.sql b/internal/db/schema/migrations/oss/postgres/33/03_session.up.sql
similarity index 100%
rename from internal/db/schema/migrations/oss/postgres/50/03_session.up.sql
rename to internal/db/schema/migrations/oss/postgres/33/03_session.up.sql