Black Dragon Capital℠ Confirms Partnership Focused on Innovative Fintech Solutions with SchoolsFirst Federal Credit Union USA

BOCA RATON, Fla., Apr. 8, 2025 /PRNewswire/ -- Multi-phased investment firm Black Dragon Capital℠, which is led by recognized leaders in financial technology and credit unions who understand the unique needs of this market, has announced their partnership with SchoolsFirst Federal Credit Union.

Founded over a decade ago by recognized financial technology and credit union leaders, Black Dragon Capital℠ is a multi-phased investment firm focused on disruptive technologies in high growth industry segments that strengthen economic stability within communities. The firm is led by a collaborative team with a combination of intense operating experience, community impact focus, and a proven ability of transforming and growing companies.

SchoolsFirst Federal Credit Union (“SchoolsFirst FCU”) is the largest credit union in California, serving a community of over 1.5 million members. The organization has been committed to providing its members with world-class personal service meant to help them better their financial lives ever since it was founded in 1934.

SchoolsFirst FCU has decided to place their trust in Black Dragon Capital through a partnership which aims to address the significant business and competitive issues created by the ongoing digitization of financial services. This is a decision influenced by Louis Hernandez’s integrity as a professional with decades of experience in the industry and further reinforced by an extensive due diligence process on the part of SchoolsFirst FCU, which revealed Black Dragon’s history of transforming companies. Through this collaboration, Black Dragon Capital℠ and SchoolsFirst FCU hope to create and scale financial technology companies that can help credit unions transform their business and regain their member service advantage.

SchoolsFirst FCU joins a growing list of the most innovative Credit Unions in the industry who have partnered with Black Dragon Capital℠ to reshape our community. They will work with the Black Dragon Capital℠ team to leverage the firm’s global reach and technology-driven expertise, with the main objective of delivering innovative solutions dedicated to empowering credit unions to thrive in a rapidly evolving digital landscape.

“Over the years, Black Dragon Capital℠ has become synonymous with integrity, expertise and a commitment to the credit union community, thanks to Louis Hernandez, Jr.,” said Bill Cheney, Chief Executive Officer, SchoolsFirst Federal Credit Union. “I have known Louis for years and have witnessed firsthand his unparalleled ability to build and lead successful companies. His visionary leadership at Black Dragon Capital℠ is the driving force behind our confidence in this partnership. Together, credit unions are poised to revolutionize the fintech landscape to deliver unprecedented service to their Members. We are excited to explore the potential of the groundbreaking new technologies that the Black Dragon team will bring forward."

The Black Dragon Capital℠ team’s insights on operations, combined with their deep experience in cutting-edge technology puts them in a place to deliver competitive advantages for their portfolio companies and founders. Through intense research on the competitors and markets, they have honed their prowess in identifying scalable solutions and helping founders accelerate growth by cutting through competition.

“Since our team is composed of tenured professionals with deep domain expertise in the financial industry, we consider the challenges faced by credit unions as our own. Black Dragon Capital℠ is committed to empowering credit unions so that they can remain competitive and thrive in this rapidly evolving landscape. We look forward to opportunities that allow us to collaborate with credit unions like SchoolsFirst FCU to meet our common goal of empowering CUs and their communities,” said Louis Hernandez Jr., Founder and CEO, Black Dragon Capital.

Black Dragon Capital℠, founded over a decade ago by recognized financial technology and Credit Union leaders, is a multi-phased investment firm focused on disruptive technologies in high growth industry segments that strengthen economic stability within communities. The firm is led by a collaborative team with a combination of intense operating experience, community impact focus, and a proven track record of successfully transforming companies.

SchoolsFirst Federal Credit Union is the largest credit union serving school employees, recognized by Forbes as the top Credit Union in California. Serving school employees and their families, the organization is dedicated to delivering World-Class Personal Service and improving the financial security of its Members. Today, they serve nearly 1.5 million Members with a full range of financial products and services. SchoolsFirst FCU was founded in 1934, when 126 school employees pooled $1,200 and established a Member-owned cooperative to help improve each other's lives. In 2024, the Credit Union reported nearly $32 billion in assets and is the largest credit union in California and the third largest credit union in the United States. For more information about SchoolsFirst FCU, visit schoolsfirstfcu.orgInsured by NCUA.

Media Contact or Inquiries:
Aren Wong
Social Media Manager, Black Dragon Capital
awong@blackdragoncap.com

SOURCE Black Dragon Capital