Black Dragon Capital and First Tech Federal Credit Union: A Game-Changing Partnership in FinTech

Black Dragon Capital and First Tech Federal Credit Union: A New Era in FinTech



In a groundbreaking development for the financial technology sector, Black Dragon Capital℠, a renowned multi-phased investment firm, has announced a strategic partnership with First Tech Federal Credit Union. This collaboration aims to harness advanced technology to invigorate credit unions and enhance their service offerings.

Founded over a decade ago, Black Dragon Capital is led by experts in financial technology and credit unions, making it uniquely qualified to address the challenges this industry faces as it adapts to ongoing digital transformation. The main objective of this partnership is to develop and scale innovative financial technology solutions that empower credit unions to regain their competitive edge in serving their communities.

Strengthening Community Banking


First Tech Federal Credit Union, with approximately $17 billion in assets, serves leading technology companies such as HP, Amazon, and Google. Their client base exceeds 700,000 members, and they provide a diverse range of financial services, from traditional banking and mortgages to online financial planning and insurance. By teaming up with Black Dragon Capital, First Tech aims to tackle the pressing business challenges prompted by the digitization of financial services.

Greg Mitchell, President and CEO of First Tech Federal Credit Union, emphasized the significance of this collaboration, stating that it follows a thorough due diligence process. The partnership aims to elevate both organizations to new heights, addressing the competitive issues faced by credit unions in the digital era.

Innovating Financial Services


Through this partnership, Black Dragon Capital and First Tech Federal Credit Union plan to launch and scale new financial technology companies specifically designed to assist credit unions in transforming their operations. This approach is set to enhance member service experience and improve overall competitiveness within the industry.

Mitchell expressed enthusiasm about the collaboration, noting that Black Dragon Capital stands out from many other investment firms because it adopts a value-driven model that relies on the expertise of seasoned operators. This model ensures that experienced individuals remain engaged in all aspects of the investment, providing valuable insights and fostering dialogue with end-users to optimize tech solutions.

Louis Hernandez Jr., Founder and CEO of Black Dragon Capital, reiterated the commitment to helping credit unions thrive in a swiftly evolving financial landscape. He lauded the opportunity to partner with First Tech and highlighted the depth of industry expertise that his team's insights bring. This partnership envisions dissolving barriers and paving the way for sustainable technological advancements in financial services.

Looking Ahead


As digital innovation continues to reshape the financial landscape, collaborations like the one between Black Dragon Capital and First Tech Federal Credit Union exemplify the industry’s commitment to improve member services and adapt effectively to changing demands. Through strategic partnerships and investments in cutting-edge technologies, the future seems promising for credit unions willing to embrace change.

In conclusion, the partnership between these two organizations sets a compelling precedent in the financial sector, enabling credit unions to leverage advancements for substantial growth, better services, and enhanced customer satisfaction. As they join forces to navigate the challenges of modern finance, the implications could resonate throughout the industry, fostering greater accessibility and innovation for credit union members everywhere.

Topics Financial Services & Investing)

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