Sep, 30, 2025 — BLACK HILLS FEDERAL CREDIT UNION is a federal credit union headquartered in RAPID CITY, SD with 20 branch locations and about $2.29 billion in total assets. Opened 85 years ago in 1941, BLACK HILLS FEDERAL CREDIT UNION has about 108,390 members and employs 404 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | BLACK HILLS FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 2700 N Plaza Dr RAPID CITY, SD 57702-9303 |
| Phone: | (605) 343-0891 |
| Fax: | (605) 718-6146 |
| Website: | https://www.blackhillsfcu.org |
| Branches: | 20 branch locations |
| Members: | 108,390 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 4365 |
|---|---|
| Membership Type: | Multiple common bond - other |
| Corporate Credit Union: | No |
| Year Opened: | 1941 |
| Last Audited: | Jun 01, 2025 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $2,291,314,119 |
| CEO/Manager: | Jerry Schmidt |
| Chairperson: | Mark Wixon |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 160,966,792 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 1,443,200 |
| Real Estate Loans | 1,006,505,158 |
| Unsecured Loans | 76,471,135 |
| Other Loans | 578,164,625 |
| TOTAL LOANS | 1,661,385,933 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -8,801,504 |
| Land And Building | 71,276,896 |
| Other Fixed Assets | 5,627,622 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 17,395,172 |
| All Other Assets | 5,391,594 |
| TOTAL ASSETS | 2,291,314,119 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 24,237,751 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 385,282,959 |
| Regular shares | 187,669,665 |
| All Other Shares & Deposits | 1,476,629,882 |
| TOTAL SHARES & DEPOSITS | 2,049,582,506 |
| TOTAL LIABILITIES | 2,073,820,257 |
| Regular Reserve | 0 |
| Other Reserves | -26,250,213 |
| Undivided Earnings | 243,744,075 |
| TOTAL EQUITY | 217,493,862 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 2,291,314,119 |
| INCOME & EXPENSE | |
| Loan Income | 74,971,497 |
| Investment Income | 10,514,327 |
| Other Income | 7,417,674 |
| Total Employee Compensation & Benefits | 33,635,901 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 28,977,393 |
| Non-operating Income & (Expense) | 379,283 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 6,212,357 |
| Cost of Funds | 30,653,675 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 8,802,411 |
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