Estate planning at Black Hills FCU
How to protect 13 Black Hills FCU accounts — manage beneficiaries in-branch, fund a trust in-branch, and file death claims
Member Services
Phone1-605-718-1818
Toll-Free1-800-482-2428
Fax1-605-646-4136
Mailing Address
Black Hills Federal Credit Union, P.O. Box 1420, Rapid City, SD 57709
Sioux Falls Area
Credit Card Fraud
WebsiteLearn more→
Member Services
Phone1-605-718-1818
Toll-Free1-800-482-2428
Fax1-605-646-4136
Mailing Address
Black Hills Federal Credit Union, P.O. Box 1420, Rapid City, SD 57709
Sioux Falls Area
Credit Card Fraud
WebsiteLearn more→
Member Services - Death Claims
Phone1-605-718-1818
Toll-Free1-800-482-2428
Fax1-605-646-4136
Mailing Address
Black Hills Federal Credit Union, P.O. Box 1420, Rapid City, SD 57709
Verified Apr 2026
How your Black Hills FCU accounts transfer at death depends on how each one is set up. As a membership-based credit union, Black Hills FCU 18 branch locations across South Dakota (including Rapid City, Sioux Falls, Pierre, Spearfish, Sturgis, Hot Springs, Custer, and others), Wyoming, and Montana. Headquartered in Rapid City, SD. With 13 account types, the transfer rules vary—getting the right designations in place now prevents delays and court involvement later.
Black Hills FCU handles beneficiary designations in branch and by phone. Accounts can also be retitled into a trust to keep them out of probate entirely.
Black Hills FCU provides specific procedures for both proactive estate planning and filing claims after a death.
Preparing your estate
Beneficiaries and trust funding
How to update beneficiaries in-branch, fund a trust in-branch, and review 13 account types at Black Hills FCU.
View details →When someone dies
Death claim process
7-step process, 6 required documents, and contact information for survivors.
View details →Black Hills FCU operates in select states, so estate planning procedures may vary by location. Confirm availability in your state before initiating trust funding or account changes.
Frequently asked questions
Certificate terms range from 3 months to 8 years. A Bump-a-Rate feature is available upon request, allowing a one-time rate change during the term. Early withdrawal penalties vary by certificate term: for terms of 1 year or less, the penalty is the greater of 1% of the amount withdrawn or all dividends for 90 days on the amount withdrawn; for terms over 1 year but less than 36 months, the greater of 1.5% or 180 days of dividends; for terms of 36 months or more, the greater of 2% or 180 days of dividends. Certificates auto-renew at maturity for the same term at the current dividend rate. Contact the credit union before maturity to prevent automatic renewal.
Black Hills FCU has 18 branch locations across South Dakota (including Rapid City, Sioux Falls, Pierre, Spearfish, Sturgis, Hot Springs, Custer, and other communities), as well as locations in Wyoming and Montana. The credit union is headquartered in Rapid City, SD. Multiple Rapid City locations include branches on East North Street, Mountain View Road, Main Street (Downtown), North Plaza Drive, Elk Vale Road, and 5th and Minnesota. The Sioux Falls area can be reached at (605) 937-4600. Visit bhfcu.com/access/locations for the full list of locations and hours.
Yes. Black Hills FCU offers HSA Savings and HSA Certificate accounts for members with qualifying high-deductible health plans. Unused funds roll over year to year. HSA accounts are federally insured by NCUA up to $250,000. HSA accounts may not be pledged, transferred, or assigned, and cannot be titled to a trust. HSA beneficiary designations are separate from deposit account POD designations. Deposits cannot be made to HSA accounts through mobile deposit.
Yes. Deposit accounts such as checking, savings, money market, and share certificates can be retitled to a revocable living trust. Visit a branch with your trust agreement or Certificate of Trust, government-issued ID for all trustees, and the trust EIN or grantor SSN. IRAs and HSAs cannot be titled to a trust, but you can name a trust as the beneficiary on those accounts. South Dakota has favorable trust laws with no state income tax on trust income for properly structured trusts and allows perpetual trusts under SDCL 55-1.
Yes. While IRA accounts cannot be titled directly to a trust, a trust can be named as the beneficiary on both Traditional IRA and Roth IRA savings and certificate accounts. Contact member services or visit a branch to update your IRA beneficiary designation. Consult a tax advisor for the implications of naming a trust as an IRA beneficiary, as distribution rules differ for trust beneficiaries compared to individual beneficiaries.
The VIBZ Scholarship Program awards ten $2,000 scholarships annually to VIBZ teen members who are extending their education after high school. Black Hills FCU offers VIBZ Kid$ Club accounts for ages 12 and under and VIBZ Teen Club accounts for ages 13-17, both designed to teach savings habits and financial responsibility. Visit bhfcu.com/save-spend/personal/youth-accounts/vibz for current application information.
Sources
Data sourced from Black Hills FCU primary sources (19 pages reviewed). How we research.
Member Services
Phone1-605-718-1818
Toll-Free1-800-482-2428
Fax1-605-646-4136
Mailing Address
Black Hills Federal Credit Union, P.O. Box 1420, Rapid City, SD 57709
Sioux Falls Area
Credit Card Fraud
WebsiteLearn more→
Member Services
Phone1-605-718-1818
Toll-Free1-800-482-2428
Fax1-605-646-4136
Mailing Address
Black Hills Federal Credit Union, P.O. Box 1420, Rapid City, SD 57709
Sioux Falls Area
Credit Card Fraud
WebsiteLearn more→
Member Services - Death Claims
Phone1-605-718-1818
Toll-Free1-800-482-2428
Fax1-605-646-4136
Mailing Address
Black Hills Federal Credit Union, P.O. Box 1420, Rapid City, SD 57709
Verified Apr 2026
Estate planning articles
Learn how to protect your Black Hills FCU accounts and other assets with trusts, beneficiary designations, and estate planning documents.
