SchoolsFirst Federal Credit Union Becomes Anchor Investor in Next Generation Banking Platform by Black Dragon Capital℠
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Tuesday, October 31, 2023
BOCA RATON, Fla., Oct. 31, 2023 /PRNewswire/ -- SchoolsFirst Federal Credit Union has become the anchor investor for Open Banking Solutions, a cloud-based, digital banking suite recently launched by Louis Hernandez, Jr.'s Black Dragon Capital℠ and supported by Advisor Rashid Desai, the former CTO of Open Solutions and its DNA core processing suite.
Key Points:
- SchoolsFirst Federal Credit Union is the largest credit union in California, and the fifth largest in the nation with more than one million Members and more than $25 billion in assets.
- SchoolsFirst CEO, Bill Cheney and the team at SchoolsFirst, have a long-standing relationship with the Chair and CEO of Black Dragon and their advisors.
- I am very excited to bring my experience and connect with the teams of Black Dragon Capital℠, Open Banking Solutions, and SchoolsFirst Federal Credit Union to create advanced technology solutions that work.
- In 2022, the Credit Union reported nearly $28 billion in assets and remains the largest credit union in California.