Credit Union Provides Financial Services for Impoverished Community
April 16, 2014
Rapid City, SD - After serving the Cheyenne River Indian Reservation for more than a year and a half, Black Hills Federal Credit Union officially opened the doors of its new Member Service Center on Wednesday, April 9. Previously, BHFCU operated from an office in the basement of the Cheyenne River Housing Authority building. The Credit Union has been an integral part of the community since merging with CR Community First Federal Credit Union on September 4, 2012.
"BHFCU merged with CR Community First to ensure credit union financial services would remain available in an area where they are desperately needed," said Roger Heacock, president and CEO of BHFCU. "We are a not-for-profit financial cooperative, owned by our members with the mission to educate, advocate and serve our members financial needs. There are few places more in need of our services than right here on the Cheyenne River Reservation."
From this location, BHFCU serves residents of Dewey and Ziebach Countiestwo of the most impoverished counties in the United States and both encompassed by the reservation. Although the fourth largest reservation in the nation, it is home to just 8,000 residents.
"We now serve more than 500 members from our Cheyenne River Member Service Center, people who truly need and value credit union services," said Carol Brown, vice president, marketing and business development at BHFCU. "The small steps here are excitingwe have adults who have never used financial services coming in and opening their first account. We are able to provide the education and guidance to help them get started on a healthier financial path."
The new Member Service Center, located at Willow and Highway 212 in Eagle Butte, is open 9 a.m. to 11 a.m. and 12 p.m. to 4 p.m. Monday through Friday.
Established in Rapid City in 1941, Black Hills Federal Credit Union is a member-owned, not-for-profit cooperative serving more than 58,000 members. The community-chartered credit union also has Member Service Centers in Rapid City, Custer, Hot Springs, Pierre, Spearfish and Wall, South Dakota.
Photo: Black Hills Federal Credit Union President & CEO, Roger Heacock, cuts the ribbon at BHFCUs new Member Service Center located on the Cheyenne River Indian Reservation in South Dakota.� BHFCU management and members of the community of Eagle Butte gathered for the event on April 9.