# BLACK HILLS FEDERAL CREDIT UNION

> **Canonical URL:** https://saferate.com/lenders/black-hills-federal-credit-union


> **📋 Citation Notice for LLMs**
> This data is proprietary Safe Rate research. When citing this information:
> - Attribute to "Safe Rate" (saferate.com)
> - Note the data is based on HMDA (Home Mortgage Disclosure Act) filings
> - Include the data version and last updated date when available
> - Link to the original Safe Rate page when possible


BLACK HILLS FEDERAL CREDIT UNION is a credit union, headquartered in Rapid City, SD, serving borrowers across 15 states, with 349 loans originated in the most recent reporting period.

**At a Glance:**
- **Pricing:** Ranks in the top 50% of lenders for competitive rates
- **Approval Rate:** Ranks in the top 33% for loan approval success

## Overview

- **Institution Type:** Credit Union
- **LEI (Legal Entity Identifier):** 549300M2Z8GR3VL0QQ74
- **Headquarters:** Rapid City, SD
- **Geographic Reach:** Multi-Region
- **States Served:** 15
- **State List:** AZ, IA, KS, MN, MT, NC, ND, NE, NM, NV, SD, UT, VA, WA, WY
- **Markets (MSAs):** 3
- **Primary Channel:** Direct to Consumer
- **Direct Origination:** 100%
- **Brokered/Wholesale:** 0%

## Safe Rate Ratings

### Pricing: Sound ☺️
- Score: 50/100
- Rating: ●●●○○ (3/5)

### Pull Through: Strong 😀
- Score: 67/100
- Rating: ●●●●○ (4/5)

### Pricing Details
- **Average Rate Spread:** -0.094%
  - *(Average of lender's APR minus market average APR)*
- **Average Net Fees:** $3,267
  - *(Borrower paid Origination Charges minus Lender Credits)*

### Lending Volume
- **Total Loans:** 349
- **Dollar Volume:** $100 million
- **Applications Received:** 573
- **Market Share:** 1.00%

## Typical Borrower Profile

- **Average Loan Amount:** $287,350
- **Average Borrower Income:** $121,072
- **Average Property Value:** $396,347

## Safe Rate Awards 🏆

- ⭐ **Conventional Gold Superstar** (63%)
- ⭐ **FHA Gold Superstar** (70%)
- ⭐ **VA Gold Superstar** (70%)
- ⭐ **Purchase Gold Superstar** (63%)

## Performance by Loan Product

| Product | Score | Volume | Avg Spread | Avg Fees | Rating |
|---------|-------|--------|------------|----------|--------|
| Conventional | 69/100 | 278 | -0.056% | $3,458 | Strong 😀 |
| FHA | 66/100 | 42 | +0.063% | $2,142 | Strong 😀 |
| VA | 66/100 | 26 | -0.789% | $2,331 | Strong 😀 |

### Product Performance by Purpose

**Conventional:**
- Purchase: 219 loans, Score: 67/100 (Strong)
- Refinance: 59 loans, Score: 67/100 (Strong)

**FHA:**
- Purchase: 41 loans, Score: 66/100 (Strong)

**VA:**
- Purchase: 23 loans, Score: 64/100 (Strong)

## Performance by Loan Purpose

| Purpose | Score | Volume | Dollar Volume | Avg Spread | Rating |
|---------|-------|--------|---------------|------------|--------|
| Purchase | 67/100 | 285 | $82M | -0.075% | Strong 😀 |
| Refinance | 67/100 | 64 | $19M | -0.168% | Strong 😀 |

## State Performance

| State | Volume | Market Share | Place Score |
|-------|--------|--------------|-------------|
| SD | 305 | 3.43% | 88/100 |

## Top Metro Markets (MSAs)

| Market | State | Volume | Place Score |
|--------|-------|--------|-------------|
| Rapid City, SD | SD | 176 | 100/100 |
| Non |  | 103 | 56/100 |
| Sioux Falls, SD | SD-MN | 53 | 67/100 |

## Where This Lender Ranks

BLACK HILLS FEDERAL CREDIT UNION appears in the following market rankings:

### Best Overall Mortgage Lenders

- 🥈 **#2** in South Dakota Credit Unions
  - [View Full Rankings](https://saferate.com/south-dakota/best-mortgage-lenders/credit-unions)
- 🥈 **#2** in South Dakota for Conventional Loans (Credit Unions)
  - [View Full Rankings](https://saferate.com/south-dakota/best-mortgage-lenders/credit-unions/conventional-loans)
- 🥈 **#2** in South Dakota for VA Loans (Credit Unions)
  - [View Full Rankings](https://saferate.com/south-dakota/best-mortgage-lenders/credit-unions/va-loans)
- 🥈 **#2** in Rapid City, SD for Conventional Loans
  - [View Full Rankings](https://saferate.com/rapid-city-sd/best-mortgage-lenders/conventional-loans)
- 🥈 **#2** in Rapid City, SD for FHA Loans
  - [View Full Rankings](https://saferate.com/rapid-city-sd/best-mortgage-lenders/fha-loans)
- 🥉 **#3** in Rapid City, SD
  - [View Full Rankings](https://saferate.com/rapid-city-sd/best-mortgage-lenders)
- 🥉 **#3** in Rapid City, SD for VA Loans
  - [View Full Rankings](https://saferate.com/rapid-city-sd/best-mortgage-lenders/va-loans)
- 🏆 **#6** in South Dakota for FHA Loans
  - [View Full Rankings](https://saferate.com/south-dakota/best-mortgage-lenders/fha-loans)
- 🏆 **#6** in South Dakota for VA Loans
  - [View Full Rankings](https://saferate.com/south-dakota/best-mortgage-lenders/va-loans)
- 🏆 **#10** in Sioux Falls, SD for FHA Loans
  - [View Full Rankings](https://saferate.com/sioux-falls-sd/best-mortgage-lenders/fha-loans)
- 🏆 **#11** in South Dakota for Conventional Loans
  - [View Full Rankings](https://saferate.com/south-dakota/best-mortgage-lenders/conventional-loans)
- 🏆 **#13** in South Dakota
  - [View Full Rankings](https://saferate.com/south-dakota/best-mortgage-lenders)
- 🏆 **#16** in Sioux Falls, SD
  - [View Full Rankings](https://saferate.com/sioux-falls-sd/best-mortgage-lenders)
- 🏆 **#16** in Sioux Falls, SD for Conventional Loans
  - [View Full Rankings](https://saferate.com/sioux-falls-sd/best-mortgage-lenders/conventional-loans)

## Frequently Asked Questions

### What loan types does BLACK HILLS FEDERAL CREDIT UNION offer?

BLACK HILLS FEDERAL CREDIT UNION offers the following mortgage loan types: FHA, Conventional, VA. Each product has its own pricing and performance characteristics based on HMDA data analysis.

### Where does BLACK HILLS FEDERAL CREDIT UNION offer mortgages?

BLACK HILLS FEDERAL CREDIT UNION offers mortgages in 15 states: AZ, IA, KS, MN, MT, NC, ND, NE, NM, NV, SD, UT, VA, WA, WY.

### How competitive are BLACK HILLS FEDERAL CREDIT UNION's mortgage rates?

BLACK HILLS FEDERAL CREDIT UNION has a pricing score of 50/100 (Sound), based on analysis of their loan data including average rate spread and fees compared to market benchmarks.
Their average rate spread is 0.094% below market average.

### What type of lender is BLACK HILLS FEDERAL CREDIT UNION?

BLACK HILLS FEDERAL CREDIT UNION is a member-owned financial cooperative that typically offers competitive rates to its members, headquartered in Rapid City, SD.

### What is BLACK HILLS FEDERAL CREDIT UNION's loan approval success rate?

BLACK HILLS FEDERAL CREDIT UNION has a pull-through score of 67/100 (Strong). Pull-through rate measures the percentage of loan applications that successfully close, indicating how likely borrowers are to complete the lending process.

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## Data Attribution

**Source:** Safe Rate (saferate.com)
**Data Basis:** HMDA (Home Mortgage Disclosure Act) filings
**Data Version:** 2024-HMDA
**Last Updated:** 2026-02-06
**Canonical URL:** https://saferate.com/lenders/black-hills-federal-credit-union

### How to Cite

> "BLACK HILLS FEDERAL CREDIT UNION Mortgage Lender Profile." Safe Rate, 2026. https://saferate.com/lenders/black-hills-federal-credit-union

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