BHFCU Business Lender recognized as South Dakota Development Corporation’s Lender of the Month

RAPID CITY, SD (August 24, 2022) — At Black Hills Federal Credit Union (BHFCU), our mission is to improve lives. Our nearly 350 staff members bring that mission to life daily. That’s why it was no surprise when the South Dakota Development Corporation (SDDC) recognized Mike Murdy, BHFCU Senior Business Lender, as their Lender of the Month for August.

“I was taken aback when I learned I’d been named Lender of the Month,” Mike said. “It’s pretty cool to be recognized by an organization like the SDDC that helps accomplish so many good things for the state of South Dakota.”

The SDDC is one of four certified development companies in the state helping facilitate the SBA 504 program. This program allows South Dakota business owners to make large purchases with lower down payments, many times assisting in moving from renting a space to buying and owning their own building. Simply put, BHFCU and the SDDC help business owners achieve their goals.

Mike is a born and raised South Dakotan hailing from Aberdeen. He has been in financial services for over a decade and is nearing his five-year anniversary with BHFCU. Mike joined the credit union movement to grow professionally and focus on the business and commercial side of lending.

As a Senior Business Lender at BHFCU, Mike explains that he loves his job because of the diversity it brings. He enjoys going through the funding process with all types of members, from established business owners looking to refinance to start-ups looking for their shot at making it. Mike truly enjoys reaching the finish line and seeing the appreciation from members.

“Our work with the SDDC allows BHFCU to extend our services to best fit members’ needs,” explains Mike. “Together, we find solutions for our business members based on their unique situations enabling them to improve their balance sheets and achieve their goals. Reaching the finish line and seeing the appreciation from the member makes all the hard work worth it.”

When he’s not working for his community, Mike enjoys spending time with his family, including his two little girls, and getting his swings in at the golf course.

From all of us at Black Hills Federal Credit Union, congratulations to Mike Murdy for the welldeserved recognition as the SDDC’s Lender of the Month

About Black Hills Federal Credit Union

Established in Rapid City in 1941, Black Hills Federal Credit Union is a member-owned, not-for-profit  financial cooperative serving more than 105,000 members. The community-chartered credit union  has locations in Rapid City, Box Elder, Custer, Eagle Butte, Hot Springs, Pierre, Sioux Falls,  Spearfish, Sturgis, and Wall, South Dakota, and Billings, Montana. For more information, visit


Leslie Millard
Marketing Communications Specialist
(605) 858-6098

More News