Dec, 31, 2023 — BLACK HILLS FEDERAL CREDIT UNION is a federal credit union headquartered in RAPID CITY, SD with 17 branch locations and about $2.32 billion in total assets. Opened 83 years ago in 1941, BLACK HILLS FEDERAL CREDIT UNION has about 99,736 members and employs 419 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: | 17 branch locations |
Members: | 99,736 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 4365 |
---|---|
Membership Type: | Community - Rural District |
Corporate Credit Union: | No |
Year Opened: | 1941 |
Last Audited: | Jun 01, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $2,316,737,774 |
CEO/Manager: | Jerry Schmidt |
Chairperson: | Jason Green |
ASSETS: | $ Amount |
---|---|
Cash & Equivalents | 105,428,522 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 2,662,640 |
Real Estate Loans | 1,036,330,559 |
Unsecured Loans | 63,902,170 |
Other Loans | 606,237,188 |
TOTAL LOANS | 1,706,754,029 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -9,621,592 |
Land And Building | 70,636,260 |
Other Fixed Assets | 6,489,220 |
NCUSIF Deposit | 15,739,008 |
All Other Assets | 936,089 |
TOTAL ASSETS | 2,316,737,774 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 200,000,000 |
Accounts Payable & Other Liabilities | 27,282,862 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 386,911,351 |
Regular shares | 240,424,706 |
All Other Shares & Deposits | 1,276,775,231 |
TOTAL SHARES & DEPOSITS | 1,904,111,288 |
TOTAL LIABILITIES | 2,131,394,150 |
Regular Reserve | 0 |
Other Reserves | -38,920,710 |
Undivided Earnings | 224,264,334 |
TOTAL EQUITY | 185,343,624 |
TOTAL LIABILITIES, SHARES, & EQUITY | 2,316,737,774 |
INCOME & EXPENSE | |
Loan Income | 81,343,896 |
Investment Income | 14,736,410 |
Other Income | 8,700,788 |
Total Employee Compensation & Benefits | 38,185,145 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 29,554,625 |
Non-operating Income & (Expense) | 471,303 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 4,493,513 |
Cost of Funds | 36,334,674 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 15,522,229 |
↑ Back to Top |