One of the Largest Credit Unions in Washington Partners with Multi-Phased Investment Firm to Explore Innovative FinTech Solutions Beneficial to Credit Unions
BOCA RATON, Fla., July 28, 2025 /PRNewswire/ --Black Dragon Capital℠ ("Black Dragon") — a multi-phased global investment partner which focuses on advanced technology that addresses the most significant issues industries face — has formed a new strategic partnership with Washington State Employees Credit Union (“WSECU”), one of the largest credit unions in the state of Washington.
Black Dragon Capital℠ was founded over a decade ago by recognized financial technology leaders focused on bringing innovative technologies to high-growth industry segments affected by digital disruption. A collaborative team leads the firm, combining deep operational experience with a focus on community impact and a proven ability to transform and grow companies.
WSECU, which has been in operation for nearly 70 years, now serves over 330,000 members, operates 25 branches, and has $5.1 billion in assets. The credit union has been recognized on the Forbes Best-In-State Credit Unions list for Washington state for five consecutive years.
WSECU decided to enter this strategic alliance with Black Dragon Capital℠ following a rigorous due diligence process influenced by the tenured roster of finance, technology, and credit union experts leading the team at Black Dragon. As an organization focused on providing top-quality service to its members, WSECU recognized the value in Black Dragon's deep domain expertise and ability to transform companies. They determined that a firm led by prominent members of the fintech and credit union communities would be the ideal partner in pursuing their goal of finding solutions that can empower credit unions and their members amidst the significant business and competitive issues created by the ongoing digitization of financial services.
Through this collaboration, Black Dragon Capital℠ and WSECU will work together to achieve the goal of creating and scaling fintech companies that enable credit unions to transform their businesses and optimize their member service advantages.
WSECU joins a growing list of the most innovative Credit Unions and CUSOs in the industry who have partnered with Black Dragon Capital℠ to reshape the future of our community. They will work with the Black Dragon Capital℠ team to leverage the firm's global reach and expertise in industry-defining technologies, pursuing the main objective of scaling sustainable fintech companies dedicated to empowering credit unions to thrive in a rapidly evolving digital landscape.
"WSECU is deeply committed to providing innovative financial services to our members. We are always exploring options to enhance the support we provide to our communities, and we believe that this partnership with Black Dragon will positively impact the credit union movement as a whole," said Gary Swindler, CEO of WSECU. "We are excited to see where this partnership goes."
The Black Dragon Capital℠ team's insights into operations, combined with their deep experience in cutting-edge technology, position them to deliver competitive advantages for their portfolio companies and founders. Through intensive research on competitors and markets, they have refined their expertise in identifying scalable solutions and helping founders accelerate growth by cutting through the competition.
The firm is led by award-winning entrepreneur, successful operating executive, investor, philanthropist, and author Louis Hernandez, Jr., who is the visionary behind the transformation of recognized technology companies such as Open Solutions and Payveris.
"The Black Dragon Capital team has a deep commitment to the credit union movement. We are excited to connect future driven organizations like WSECU with fintech professionals who have spent decades building companies and transforming industries through technology," said Louis Hernandez Jr., Founder, Chairman, and CEO of Black Dragon Capital.
About Black Dragon Capital℠
Black Dragon Capital℠, founded over a decade ago by recognized financial technology 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.
About WSECU
WSECU is a not-for-profit credit union headquartered in Olympia, Wash. open to all Washington residents with a special emphasis on serving those who embrace the values of giving, sharing, and supporting their communities. WSECU was founded by a small group of Washington state employees in 1957 and now has over 330,000 members, 25 branches, $5.1 billion in assets, and has been recognized on the Forbes Best-In-State Credit Unions list for Washington state for five consecutive years. It commits 4 percent of its annual net income to invest back into the communities it serves through partnerships with education and other nonprofit institutions.
Media Contact or Inquiries:
Viviana Lauschus
Marketing Manager, Black Dragon Capital
vlauschus@blackdragoncap.com
Viviana Lauschus
Marketing Manager, Black Dragon Capital
vlauschus@blackdragoncap.com
SOURCE Black Dragon Capital