March 19, 1941

Official Charter Approved

BHFCU's official charter was approved to serve U.S. Government employees in Rapid City, Black Hills National Forest, and Harney National Forest. The Credit Union’s legacy of service started with a group of volunteers promoting the Credit Union, keeping the books, and serving the members. The group included: Board of Directors – 5 members, Credit Committee – 3 members, and Supervisory Committee – 3 members, as well as other individuals that believed in the Credit Union movement.

April 12, 1953

Marian Berry Hired as First Employee

Marian Berry hired as a part-time employee to serve members; Assets were $37,000, and she worked out of her home. She eventually made a room in her house for the Credit Union office and added an outside door so that members did not have to walk through her house.

March 31, 1963

BHFCU’s First Building Opens

BHFCU opened its first office at 21 E. Omaha Street.  BHFCU was the first Credit Union in South Dakota to have its own headquarters building. Also, the first Credit Union in South Dakota to have a drive-up window.

April 01, 1969

Duane Ellingson Hired as the First President

Duane Ellingson hired as manager, becoming the first President of the Credit Union. He played a large role in putting BHFCU on track to become the world-class financial institution it is today. Under his leadership, BHFCU grew to three Member Service Centers serving Rapid City and Hot Springs.

June 09, 1972

Black Hills Flood of 1972

Credit Union office extensively damaged in devastating flood; a 57.10% loss to the building. The Black Hills Flood of 1972, also known as the Rapid City Flood, was the most detrimental flood in South Dakota history and one of the deadliest floods in U.S. history. The flood took place on June 9–10, 1972, in the Black Hills. Fifteen inches of rain in a small area over the Black Hills caused Rapid Creek and other waterways to overflow. Severe flooding of residential and commercial properties in Rapid City occurred when Canyon Lake Dam became clogged with debris and failed in the late evening hours of June 9, resulting in 238 deaths and 3,057 injuries. Over 1,335 homes and 5,000 automobiles were destroyed. The value of property damage was estimated to be over $160 million in 1972 dollars.

May 08, 1975

Board Adopted Credit Union Logo

First credit union logo adopted by our Board of Directors.



October 31, 1975

Duane Ellingson, BHFCU Manager / President, wrote the first share draft (check) from a South Dakota Credit Union

Duane Ellingson wrote first share draft (check) from a South Dakota Credit Union, ushering in a new era of service for all Credit Union members in South Dakota.

From Duane Ellingson Interview, February 23, 2004:

    “I wrote the first share draft in the State of South Dakota.  I paid my real estate taxes at the courthouse.  I went to quite a few of the larger places, namely the courthouse, because they were some of my more troublesome people over there to accept new things.  And I said, I don’t want any problems from here with not accepting these.  I said they are checks and if our members come in and want to pay for something, I don’t want you to turn them down.  I met with the Treasurer and everything went fine.”

June 01, 1983

Roger Heacock replaces retiring President Ellingson

Under Roger Heacock's executive leadership, the Credit Union grew from approximately $20 million in assets to $1.5 billion in assets at the end of 2020. In those same years, the Credit Union’s membership jumped from 11,000 to nearly 80,000.

June 01, 1987

Became Largest Credit Union in South Dakota

September 22, 1990

First BHFCU Member Auto Sale

Credit Union holds first Member Auto Sale where members can sell vehicles.

November 22, 1994

Investment Services Begins Serving Members

In 1994, Black Hills Financial Services (eventually changing its name to Black Hills Investment Services) launched, knowing BHFCU members deserved access to personalized financial planning.

February 01, 1996

First BHFCU Website Launched

July 01, 1997

First BHFCU School Supply Drive Held

Helping students succeed since 1997. Black Hills FCU Charitable Fund makes it possible for students in more than 60 area schools in 15 communities to start the school year with the tools and confidence they need to be successful. The extraordinary success of the Drive is a testament to the generosity of Black Hills Federal Credit Union's members, area businesses, hundreds of individuals, and the volunteer efforts of BHFCU employees.

June 01, 2009

BHFCU Insurance Services Begins Serving Members

BHFCU Insurance Services, LLC began providing independent insurance services to members, giving guidance on the best insurance coverages for each member.

July 09, 2010

Black Hills FCU Charitable Fund, Inc. Formed

Black Hills FCU Charitable Fund formed with the mission of supporting charitable causes in communities across South Dakota.

April 25, 2016

New BHFCU Logo Approved

A new iteration of the BHFCU logo is adopted by the Board of Directors.

October 01, 2016

First Interactive Teller Machine (ITM) Deployed

First Interactive Teller Machine (ITM) was deployed in the Plaza Drive MSC lobby with an advanced depository capable of accepting envelope-free check and cash deposits.

January 01, 2021

Jerry Schmidt Replaces Retiring President/CEO Roger Heacock

Jerry Schmidt assumed the role of President and CEO. Having served BHFCU for over 13 years as Senior Vice President and Chief Operations Officer, Schmidt brings experience and consistent leadership to the role. A Rapid City native, Jerry’s extensive knowledge of the organization and region, paired with his passion for the Credit Union’s mission, brings consistent and innovative leadership to BHFCU. 

May 12, 2021

BHFCU Celebrates 80 Years of Service to Members

80th Anniversary Logo

July 01, 2022

BHFCU hits 100,000 Members

October 18, 2022

BHFCU Opens 6th location in Rapid City (5th & Minnesota)

January 09, 2023

BHFCU Opens in Billings

February 08, 2023

BHFCU Opens 4th Location in Sioux Falls

September 25, 2023

BHFCU Opens in Box Elder

Welcome our 19th branch in Box Elder

October 06, 2023

BHFCU moves to permanent location in Eagle Butte