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Even though Black Hills Federal Credit Union is the largest SBA lender in South Dakota, its portfolio is relatively small, making just 29 loans totaling $1.6 million in 2008, the most current data on record.

“For those of you who are doing the math, as you can see, we make very small loans,” Roger Heacock, president/CEO of the $837 million cooperative in Rapid City, S.D. Heacock made the statement to the more than 100 attendees who tuned into a March 25 audio conference hosted by CUNA on credit unions working with the SBA and the NCUA on business lending. CUNA President/CEO Dan Mica moderated the session.

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