Black Hills CEO Touts SBA Alliance, Urges Continuing Low-Fee Structure

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.