Black Dragon Capital Partners with AltaOne Federal Credit Union for FinTech Innovation

Black Dragon Capital, a multi-phased investment firm, has announced its strategic partnership with AltaOne Federal Credit Union. This collaboration aims to address challenges arising from the ongoing digitization of financial services while empowering credit unions to thrive in a competitive digital landscape.

1. About Black Dragon Capital
   • Founded over a decade ago by financial technology and credit union experts.
   • Focuses on disruptive technologies in high-growth industries.
   • Aims to strengthen community economic stability through innovation.
   • Led by a team with strong operational experience and a proven ability to transform businesses.
2. About AltaOne Federal Credit Union
   • Member-owned, not-for-profit financial cooperative.
   • Serves communities across Kern, Inyo, Mono, and San Bernardino counties.
   • Dedicated to enhancing the financial well-being of its members for over 78 years.
   • Provides a broad spectrum of products and services tailored to evolving member needs.
3. The Partnership Goals
   • The partnership will address challenges created by the digital transformation of financial services.
   • Aims to create and scale financial technology solutions that benefit credit unions and their members.
   • Focus on enhancing credit union business models and regaining a member service advantage.
4. Expanding the Reach of Black Dragon Capital’s Network
   • AltaOne joins other innovative credit unions in reshaping the industry.
   • Collaborative efforts with Black Dragon Capital’s global reach and technology-driven expertise.
   • Goal to provide innovative solutions that empower credit unions to thrive in the evolving digital world.
5. Statements from Leadership
   • Stephanie Sievers, CEO of AltaOne, emphasized the importance of relationships and community empowerment.
   • Louis Hernandez Jr., Founder and CEO of Black Dragon Capital, highlighted the value of collaboration to overcome industry challenges.
   • Benson Porter, Senior Advisor at Black Dragon Capital, expressed a commitment to supporting CFIs and CUSOs with digital tools for success.

The partnership between Black Dragon Capital and AltaOne Federal Credit Union signifies a forward-looking approach to addressing the unique needs of credit unions. By leveraging innovative technologies and collaboration, both organizations aim to shape the future of finance in a digital-first world, offering credit unions the tools to excel in a rapidly changing environment.