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Black Hills Federal Credit Union has plans to triple the number of locations in Sioux Falls within a handful of years.
The credit union opened its first full-service Sioux Falls branch in January at 57th Street and Marion Road.
“Our goal right now, I would foresee, is to have three member services centers open in the next five years,” said Carol Brown, vice president of marketing and business development. “We know we cannot grow enough in that market because it is so large unless we have more locations to serve peoples’ needs.”
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The credit union has eight employees with plans to add more, she said. Brown said the team is service-oriented, anxious to serve customers and be involved in the community.
“We look forward to working with new and existing members in our community and ensuring they have the convenient, personalized products and services to reach their financial goals,” said Chad Zortman, manager in Sioux Falls.
The credit union already had members in Sioux Falls — people who moved to the eastern part of the state for school or jobs but continued to belong to Black Hills Federal Credit Union, Brown said. That and a growing community were part of the decision to serve the Sioux Falls area.
“We made the business decision to diversify,” she said. “You have a very strong business climate. You have manufacturing. You just have a much stronger economic base than we do here.”
Black Hills Federal Credit Union, which has 66,000 members, was chartered in 1941 and celebrated 75 years in business last year. Originally, the credit union was for federal employees, but the business changed its charter several years ago to serve…