Black Hills Federal Credit Union in South Dakota vs the state
23.0%Denial rate+10.23 pts vs state
26.2%Decision denial rate+10.51 pts vs state
60.3%Origination rate-5.70 pts vs state
7.75%Median rate+1.25 pts vs state
0.66Rate spread (pts)+0.48 pts vs state
$107kMedian applicant income
738Loans originated
281Denied
Trend in South Dakota
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 1,248 | 861 | 13.1% | 7.50% | #3 |
| 2024 | 1,616 | 958 | 21.9% | 8.00% | #2 |
| 2025 | 1,223 | 738 | 23.0% | 7.75% | #4 |
What Black Hills Federal Credit Union lends in South Dakota
By loan purpose
By loan type
Why it denied South Dakota applicants
Where in South Dakota
Counties with the most Black Hills Federal Credit Union applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Pennington County | 542 | 315 | 134 | 24.7% |
| Meade County | 150 | 101 | 28 | 18.7% |
| Lawrence County | 121 | 82 | 23 | 19.0% |
| Minnehaha County | 102 | 65 | 22 | 21.6% |
| Custer County | 74 | 46 | 15 | 20.3% |
| Fall River County | 55 | 32 | 10 | 18.2% |
| Hughes County | 39 | 19 | 12 | 30.8% |
| Butte County | 37 | 22 | 10 | 27.0% |
| Lincoln County | 33 | 25 | 6 | 18.2% |
| Haakon County | 9 | 3 | 5 | 55.6% |
Other large lenders in South Dakota
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| Plains Commerce Bank | B | 2,280 | 5.5% | 6.25% |
| First PREMIER Bank | C | 1,389 | 11.7% | 6.88% |
| First Bank & Trust | C | 1,320 | 11.2% | 6.63% |
| Rocket Mortgage | C | 1,027 | 16.9% | 6.75% |
| CMG Mortgage | A | 919 | 2.3% | 6.38% |
| Bankwest | F | 786 | 14.0% | 7.25% |
| First Dakota National Bank | A | 690 | 4.6% | 6.50% |
| Levo Federal Credit Union | B | 644 | 6.8% | 7.50% |
| U.S. Bank | D | 637 | 24.0% | 6.99% |
| First Interstate Bank | D | 615 | 26.2% | 8.25% |
Frequently asked questions
South Dakota: 1,223 applications in 2025, of which 738 were originated and 281 denied.
23.0% of all applications, or 26.2% of the applications it actually decided on. The South Dakota statewide average across all lenders was 12.8%.
The median rate on loans Black Hills Federal Credit Union originated in South Dakota in 2025 was 7.75%, against a statewide median of 6.50%.
About this data. Figures are Black Hills Federal Credit Union's own HMDA filing for properties located in South Dakota, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology