B Impact Report

Logo for Sunrise Banks

Sunrise Banks

Banking
Certified Since: June, 2009
Location: St. Paul, Minnesota, United States
Sector: Service with Minor Environmental Footprint

Overall B Impact Scoreinfo_outline

142.2

The B Impact Scores are being compared against all businesses that have completed the B Impact Assessment

Sunrise Banks, based in St. Paul, Minnesota, seeks to radically change the way urban communities and people thrive by empowering them to achieve financial wellness. Sunrise is certified by the U.S. Treasury as a Community Development Financial Institution (CDFI), a designation earned by approximately 100 banks nationwide.

Sunrise Banks uses a do good approach to their business model. The organization creates both people and place based products that make a difference in communities. Sunrise Banks is more than a bank; they create strong relationships and look for multiple ways to make an impact. It's quite simple: believe in the power of business as a force for good and your impact will be multiplied.

Sunrise Banks's mission focused approach, national charter, and innovative spirit, have catapulted the organization onto national platforms. Their lending is local, but their community development scope is national. For example, Sunrise Banks possess an overt desire to incubate and test programs that serve the needs of unbanked and underbanked families. This mission centric goal led them to undertake a prepaid card program to test its applicability in unbanked markets.

Impact Area Scoresinfo_outline

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