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In the six years Black Hills Federal Credit Union has been authorized to do SBA lending, the financial institution said it is proud of its track record.

Roger Heacock, president/CEO of the $765 million credit union, testified June 10 on CUNA’s behalf before the House Small Business Committee about expanding small business access to capital as a way to spur an economic recovery. The Rapid City, S.D.-based Black Hills wrote more SBA loans in its home state than any other financial institution in 2008, Heacock said. The credit union approved 29 loans for a total of more than $1.6 million, with an average loan amount of $56,703. The South Dakota SBA district office recently awarded Black Hills its district director leadership award.

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