Hybrid coupled wall (HCW) systems, especially with properly designed steel coupling beams, are efficient lateral load resisting systems. To further improve the seismic resiliency of HCW structures after major earthquakes, a new hybrid system consisting of steel plate composite structural wall piers and steel coupling beams with a replaceable fuse was developed. This paper presents an experimental program of three half-scaled subassemblies subjected to pseudo-static cyclic loading. Each test specimen consisted of two segments of composite wall piers and a steel coupling beam with and without a replaceable fuse. The details of the wall piers were identical for the three subassemblies, but three different coupling beams with the same span/depth ratio were used. One subassembly using a steel coupling beam without a replaceable fuse served as the control specimen, which was loaded up to 10% chord rotation following a preselected loading protocol. The other two specimens employed the new hybrid system. The fuse in these two subassemblies was replaced in situ after subjecting the coupling beam to 2% chord rotation, and the specimen was subsequently loaded up to 10% chord rotation. A detailed evaluation of the test results indicates that the new hybrid system can exhibit excellent performance and the replaceable fuse (and its connection details) proved to be a reliable technique to restore the performance after subjecting the coupling beam to chord rotations that are expected during design-level earthquakes. The load transfer mechanism and seismic performance varied depending on the details of the replaceable details of steel coupling beams.