Black Dragon Capital™ and State Employees Credit Union of Maryland Begin Fintech Collaboration

Whats Happening:

Black Dragon Capital, a multi-phased investment firm focused on disruptive technologies, has announced a strategic partnership with State Employees Credit Union of Maryland (SECU). This collaboration aims to explore fintech solutions to help credit unions transform their operations and improve member services in the face of increasing digitization in financial services.

Key Moves:

• Black Dragon Capital and SECU Maryland form strategic partnership

• Collaboration focuses on developing fintech initiatives for credit unions

• Partnership aims to enhance community-focused financial services

By The Numbers:

• SECU serves over 250,000 members in Maryland

• SECU has more than $5 billion in assets

• SECU ranks among the top 60 credit unions nationwide based on total assets

Key Quotes:

• "This partnership is an important, innovative step towards a new era of financial empowerment, and we are excited to unlock new technologies that will directly benefit our growth across Maryland," - Jason Reimer, EVP and Chief Infrastructure & Experience Officer, SECU

• "SECU shares our goal of empowering credit unions and their communities and we're looking forward to working with them." - Louis Hernandez Jr., Founder and CEO, Black Dragon Capital

Bottom Line:

The partnership between Black Dragon Capital and SECU Maryland represents a significant step towards modernizing credit union operations through fintech solutions. This collaboration has the potential to enhance financial services for credit union members and strengthen community-focused banking in the face of increasing digitization.

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