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The Lender Report built this page from public records. Black Hills Credit Union has not reviewed it. Every lender's page starts this way, and it says nothing about Black Hills Credit Union itself. Each figure shows its source and date. Work at Black Hills Credit Union? You can claim this page for free.
Credit union, Rapid City, SD
Black Hills Credit Union
A credit union based in Rapid City, SD. Its commercial book is led by owner-occupied CRE and multifamily. Public files show recent multifamily, 1-4 unit investor, SBA 7(a), SBA 504 and real-estate-secured commercial loans it made.
- Kind
- Credit union
- Data as of
- June 30, 2026
- Page last changed
- November 11, 2026
- Commercial book
- $352M
- NCUA 5300,
- Holds, not loans made
- Commercial loans made, H1 2026
- 19
- NCUA 5300,
- Real-estate-secured
- SBA loans, 36 months
- 36
- SBA FOIA,
- 7(a) and 504, net of cancelled
- Total assets
- $2.38B
- NCUA 5300,
Does it fit my deal?
The deal is read here and kept nowhere. Leave out names, income and credit scores.
How to reach them
Each line shows where it came from
- Phone
- 605-343-0891 From the NCUA record, June 30, 2026.
- Website
- www.blackhillsfcu.orgFrom the NCUA record, November 9, 2026.
- Names it files under
- BLACK HILLS; BLACK HILLS FEDERAL CREDIT UNION; Black Hills FCUNCUA 5300,
- Address
- PO Box 1420, Rapid City, SD 57709-1420NCUA 5300,
- Regulator record
- NCUA profile
You generally must be a member of a credit union to borrow from it. Field of membership: Multiple common bond - other. Designated low-income by NCUA.
Recently done
Recorded lending
Recorded lending. Two or more public files show loans this lender made.
| When | What the record shows | Source |
|---|---|---|
| Oct 2023 to Sep 2026 | SBA 7(a) approvals by processing method: 22 SBA Express.SBA ProcessingMethod field, net of cancellations. | SBA FOIA, |
Banks report no loan-level data for office, retail, industrial or construction loans. This list shows only multifamily and SBA loans.
| Period | Place | Loan | Amount | Rate | Term | LTV | Source |
|---|---|---|---|---|---|---|---|
| Jul 2026 | South Dakota | SBA 7(a), Professional, Scientific, and Technical Services | $210K | 9.5% | 7 yr | SBA FOIA | |
| Jun 2026 | South Dakota | SBA 7(a), Other Services (except Public Administration) | $42K | 8.25% | 7 yr | SBA FOIA | |
| Apr 2026 | South Dakota | SBA 7(a), Administrative and Support and Waste Management and Remediation Services | $40K | 8.25% | 5 yr | SBA FOIA | |
| Mar 2026 | South Dakota | SBA 7(a), Landscaping Services | $150K | 9.25% | 7 yr | SBA FOIA | |
| Mar 2026 | South Dakota | SBA 7(a), Fitness and Recreational Sports Centers | $78K | 8.25% | 5 yr | SBA FOIA | |
| Feb 2026 | South Dakota | SBA 7(a), Mobile Food Services | $45K | 8.5% | 7 yr | SBA FOIA | |
| 2025 | Minnehaha County, SD | Cash-out refinance, 5 to 24 units | $700K | 6.5% | 15 yr | HMDA 2025 | |
| Dec 2025 | South Dakota | SBA 7(a), Health Care and Social Assistance | $30K | 9% | 6 yr | SBA FOIA | |
| Jul 2025 | South Dakota | SBA 7(a), Administrative and Support and Waste Management and Remediation Services | $270K | 7.75% | 5 yr | SBA FOIA | |
| 2024 | Pennington County, SD | Cash-out refinance, 25 to 49 units | $4.2M | 6.95% | 5 yr | HMDA 2024 | |
| 2024 | Pennington County, SD | Purchase, 25 to 49 units | $3.5M | 6.95% | 5 yr | HMDA 2024 | |
| 2024 | Pennington County, SD | Purchase, 5 to 24 units | $800K | 6.5% | 5 yr | HMDA 2024 | |
| Dec 2024 | South Dakota | SBA 7(a), Drinking Places (Alcoholic Beverages) | $740K | 11% | 10 yr | SBA FOIA | |
| Oct 2024 | South Dakota | SBA 7(a), Retail Trade | $95K | 10% | 6 yr | SBA FOIA | |
| Sep 2024 | South Dakota | SBA 7(a), Administrative and Support and Waste Management and Remediation Services | $110K | 11% | 10 yr | SBA FOIA | |
| Sep 2024 | South Dakota | SBA 7(a), Administrative and Support and Waste Management and Remediation Services | $20K | 11% | 5 yr | SBA FOIA | |
| Jul 2024 | South Dakota | SBA 7(a), Ornamental and Architectural Metal Work Manufacturing | $110K | 10.5% | 10 yr | SBA FOIA | |
| Jul 2024 | South Dakota | SBA 7(a), Ornamental and Architectural Metal Work Manufacturing | $50K | 10.5% | 10 yr | SBA FOIA | |
| Jul 2024 | South Dakota | SBA 7(a), Ornamental and Architectural Metal Work Manufacturing | $34K | 7.75% | 6 yr | SBA FOIA | |
| Jul 2024 | South Dakota | SBA 7(a), Ornamental and Architectural Metal Work Manufacturing | $4.6K | 9.75% | 5 yr | SBA FOIA | |
| Jun 2024 | South Dakota | SBA 504, Accommodation and Food Services | $2M | 25 yr | SBA FOIA | ||
| Jun 2024 | South Dakota | SBA 7(a), Retail Trade | $1M | 9% | 10 yr | SBA FOIA | |
| May 2024 | South Dakota | SBA 504, Retail Trade | $320K | 25 yr | SBA FOIA | ||
| May 2024 | South Dakota | SBA 7(a), Other Services (except Public Administration) | $230K | 8% | 25 yr | SBA FOIA | |
| May 2024 | South Dakota | SBA 7(a), Professional, Scientific, and Technical Services | $25K | 10.5% | 10 yr | SBA FOIA | |
| 28 SBA 7(a) loans since October 2023, net of cancelled | $5.99M | SBA FOIA | |||||
A blank means the source did not report it.
What it holds
NCUA 5300, June 30, 2026
| Book | Holds | Of its loans | Year over year | Loans | Average |
|---|---|---|---|---|---|
| Multifamily | $89.3M | 5.4% | -3.0% | 57 | $1.57M |
| Construction and land development | $43.0M | 2.6% | +17.2% | 8 | $5.38M |
| Owner-occupied CRE | $100M | 6.0% | -9.8% | 171 | $585K |
| Non-owner-occupied CRE | $55.8M | 3.4% | -3.1% | 53 | $1.05M |
| Farmland | $40.6M | 2.5% | +4.1% | 84 | $483K |
| Commercial and industrial | $22.1M | 1.3% | -4.4% | 210 | $105K |
| Other real-estate-secured commercial | $520K | 0.0% | Not reported | Not reported | Not reported |
| Commercial total | $352M |
Table
| Quarter | Commercial book |
|---|---|
| Q3 2023 | $359M |
| Q4 2023 | $369M |
| Q1 2024 | $383M |
| Q2 2024 | $389M |
| Q3 2024 | $384M |
| Q4 2024 | $371M |
| Q1 2025 | $365M |
| Q2 2025 | $360M |
| Q3 2025 | $355M |
| Q4 2025 | $360M |
| Q1 2026 | $354M |
| Q2 2026 | $351M |
| Kind of loan | Period | Loans made | Dollars | Typical size | Largest | Source |
|---|---|---|---|---|---|---|
| Multifamily, 5 or more units | 2025 | 1 | $700K | $700K | $700K | HMDA, |
| Multifamily, 5 or more units | 2024 | 3 | $8.50M | $3.50M | HMDA, | |
| 1-4 unit investor or business purpose | 2025 | 25 | $4.12M | $155K | HMDA, | |
| SBA 7(a), net of cancelled | 36 months to Sep 2026 | 28 | $5.99M | $55.0K | $2.1M | SBA FOIA, |
| SBA 7(a), net of cancelled | 12 months to Sep 2026 | 7 | $600K | SBA FOIA, | ||
| SBA 504 first lien, net of cancelled | 36 months to Sep 2026 | 8 | $14.4M | $1.62M | $4.8M | SBA FOIA, |
| Real-estate-secured commercial | First half of 2026 | 19 | $20.1M | NCUA 5300, | ||
| Multifamily | First half of 2026 | 1 | $400K | NCUA 5300, | ||
| Construction | First half of 2026 | 1 | $7.6M | NCUA 5300, | ||
| Owner-occupied CRE | First half of 2026 | 13 | $8.25M | NCUA 5300, | ||
| Non-owner-occupied CRE | First half of 2026 | 1 | $50K | NCUA 5300, | ||
| C&I | First half of 2026 | 35 | $3.00M | NCUA 5300, |
How these public files were tied to this lender. HMDA: its legal entity identifier (LEI). SBA 7(a) loans: its NCUA charter number. SBA 504 first liens: its name and state.
| Book | Average loan |
|---|---|
| Construction and land development | $5.38M |
| Multifamily | $1.57M |
| Owner-occupied CRE | $585K |
| Non-owner-occupied CRE | $1.05M |
| Farmland | $483K |
| Commercial and industrial | $105K |
| Industry | Loans | Dollars |
|---|---|---|
| Other Services (except Public Administration) | 5 | $2.44M |
Programs on record: Federal Home Loan Bank member, Des Moines district (FHFA).
Where it lends
Offices beside loans on record
| State | Offices | Multifamily 2025 | 1-4 investor 2025 | SBA 7(a) 36 mo. | SBA 504 36 mo. |
|---|---|---|---|---|---|
| South Dakota HQ | 19 | 1 | 22 | 28 | 8 |
| Montana | 2 | 0 | 0 | 0 | 0 |
| North Dakota | 0 | 0 | 1 | 0 | 0 |
| Pennsylvania | 0 | 0 | 1 | 0 | 0 |
Capacity. Not a rating
Our calculation from public filings, as of June 30, 2026. Not a rating, and not a statement about safety or deposits.
| Measure | This lender | Its peers | How it is worked out | Source |
|---|---|---|---|---|
| Business loan cap | $291M | $263M to $341M across 8 peers | Estimate: the lesser of 1.75 times net worth or 12.25% of assets. Low-income designated credit unions and some others are exempt. Not a statement from the credit union. | NCUA 5300, 12 CFR 723.8, Jun 30, 2026 |
| Business loans outstanding | $377M | $189M to $1.66B across 8 peers | Net member business loans, as reported on Form 5300. | NCUA 5300, |
| Cap used | 129.4% | 56.5% to 491.6% across 8 peers | Business loans outstanding over the estimated cap. This credit union is designated low-income by NCUA and is exempt from the cap. | NCUA 5300, |
| Largest single borrower | $37.7M | $28.5M to $49.1M across 8 peers | Estimate: the greater of 15% of net worth or $100,000. Not a limit the credit union has stated. | NCUA 5300, 12 CFR 723.4, Jun 30, 2026 |
| CRE to net worth | 74.9% | 47.0% to 277.5% across 8 peers | (Construction + multifamily + non-owner-occupied CRE loans) divided by net worth. Our own ratio, not a regulatory test or limit. | NCUA 5300, |
| Loans to assets | 69.6% | 68.5% to 84.8% across 8 peers | Total loans divided by total assets. | NCUA 5300, |
Estimates use the formulas in 12 CFR 723. Low-income designated credit unions and some others are exempt from the cap.
Loan channel and SBA processing
Public record only
- SBA Express
- 22 loans
- Approval to first disbursement
- 8.5 days, median of 28
SBA FOIA, SBA 7(a) loans, 36 months. Counted from SBA approval, not application. Lines of credit disburse fast.
Peers
Same kind of lender, similar size and book
| Lender | State | Total assets | Commercial book |
|---|---|---|---|
| Potlatch No. 1 Financial Credit Union | ID | $2.16B | $356M |
| Westconsin Credit Union | WI | $2.25B | $375M |
| Magnifi Financial Credit Union | MN | $2.75B | $1.40B |
| Corning Credit Union | NY | $2.77B | $209M |
| Centra Credit Union | IN | $2.38B | $339M |
| Canyon View Credit Union | UT | $2.15B | $550M |
| Together Credit Union | MO | $2.73B | $178M |
| Oregon State Credit Union | OR | $2.78B | $356M |
What we don't know
- Whether it is taking new loans today, or on what terms.
- Who can join. A credit union lends only to its members, and field of membership decides who qualifies.
- Whether it takes brokers. No figure here means no evidence, not a refusal.
- Credit union concentration ratios here are our own calculation against net worth. They are not a regulatory test or limit. Originations are Jan-Jun 2026 year to date.
Check this page
Against the regulator's own record
- Name and charter. Black Hills Credit Union, NCUA charter 4365. Compare it with the regulator's record. [NCUA profile]
- Balances. $2.38B in total assets and $352M in commercial loans held, from the NCUA 5300 for June 30, 2026. [Source]
- Loans made. 19 real-estate-secured commercial loans made in the first half of 2026, from your NCUA Form 5300, and 65 loans in HMDA and SBA files, through September 30, 2026: 1 HMDA multifamily 2025, 3 HMDA multifamily 2024, 25 HMDA 1-4 unit investor 2025, 28 SBA 7(a) in 36 months, 8 SBA 504 first liens in 36 months. [How each file was tied to Black Hills Credit Union]
- Phone and website. Phone 605-343-0891, from the NCUA record. Website blackhillsfcu.org, from the NCUA record. [How to reach them]
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For the record
Data as of June 30, 2026. Page last changed November 11, 2026.
- Regulator
- National Credit Union Administration
- NCUA charter
- 4365
- RSSD
- 187871
- LEI
- 549300M2Z8GR3VL0QQ74
- The Lender Report ID
- lr_000762
- Main office county
- Pennington
- Members
- 110,413
- NCUA region
- 3 - Western
NCUA credit union details,
- Reported $2.4B in total assets as of June 30, 2026 (NCUA 5300).
- Held $351.5M of commercial and commercial real estate loans as of June 30, 2026 (NCUA 5300).
- Held $100.1M of owner-occupied commercial real estate loans as of June 30, 2026 (NCUA 5300).
- Held $89.3M of multifamily loans as of June 30, 2026 (NCUA 5300).
- Held $55.8M of non-owner-occupied commercial real estate loans as of June 30, 2026 (NCUA 5300).
- Originated 1 multifamily loan totaling $700K in 2025 (HMDA).
8 more sentences
- Originated 3 multifamily loans totaling $8.5M in 2024 (HMDA).
- Originated 25 1-4 unit investor or business-purpose loans totaling $4.1M in 2025 (HMDA).
- Recorded 29 SBA 7(a) approvals totaling $6.1M from October 1, 2023 to September 30, 2026, of which 1 was later cancelled (SBA).
- Provided the first lien on 8 SBA 504 projects with $14.4M in first-lien dollars from October 1, 2023 to September 30, 2026 (SBA).
- Originated 19 real-estate-secured commercial loans totaling $20.1M in the first half of 2026 (NCUA 5300).
- Bought $1.2M of commercial loan participations from January 1 to June 30, 2026 (NCUA 5300).
- Held $3.8M of nonmember commercial loans and participations as of June 30, 2026 (NCUA 5300).
- Listed 21 offices in 2 states (NCUA).
Cite this
Source: The Lender Report, Black Hills Credit Union, https://lender.report/lender/black-hills-credit-union-sd/, data as of June 30, 2026.
Sources
- NCUA 5300, June 30, 2026
- NCUA 5300, June 30, 2025
- HMDA, 2025
- SBA FOIA, September 30, 2026
- NCUA 5300, June 30, 2026
Figures come from public records and show the source and date beside them. Public records can be late, incomplete or wrong. A past loan does not mean a lender will make the same kind of loan today. Confirm anything important with the lender.
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Work at Black Hills Credit Union? Claim this page, free.
Source and date appear beside each figure. Banks report balances, not loans made. Loans made come only from HMDA and SBA files. We do not audit filings and can make errors joining them. Report a problem