Your work is empowering local economies and strengthening communities. Sunrise Banks shares your commitment to making a difference. Our expertise in nonprofit cash management and lending ensures that mission-driven organizations have the financial support they need to thrive.
Our local leaders understand the unique challenges nonprofits face and are committed to providing personalized and practical solutions. We take the time to understand your organization and the team delivering on your mission, so we can guide you through every step of the way.
Where you bank matters.
At Sunrise Banks, we believe where you keep your money should reflect what you value. As one of the leading banks for nonprofit organizations, we provide tailored bank accounts for organizations in Minnesota and South Dakota, along with flexible financing and strategic cash management. Because where you bank should reflect what you stand for:
- Community Impact Deposits let you drive local community development with your Sunrise Banks checking, savings, or CD accounts. You can designate your deposits to projects like affordable housing, community services, and small businesses.
- Net Zero Deposits turns a Sunrise Banks account into a meaningful way to mitigate the impact of climate change by directing your deposits to projects that reduce or avoid carbon emissions.
- Net Zero Financing is available for commercial projects that reduce or avoid carbon emissions – including installing energy efficient upgrades to your existing commercial property.
Learn how your Sunrise Banks accounts can drive community progress
In October 2024, NEON broke ground on a $20 million food incubator project entitled Collective Kitchens. The 24,000 square foot commercial kitchen facility will provide food-based business owners and entrepreneurs space to create, test, promote and sell their products. Sunrise Banks provided New Markets Tax Credit allocation for the building, which will bring much-needed jobs accessible to low-income residents, pay living wages with benefits, and provide training and growth opportunities across a variety of businesses in North Minneapolis.
Sunrise Banks has helped finance $12M in New Markets Tax Credit financing for the expansion and renovation of the space. It re-opened to the public in May 2024. Founded in 1975, the Center preserves and supports American Indian cultural traditions through art, youth and intergenerational programs. It provides educational and social services to more than 10,000 members of the community each year.
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Dakota Resources works to pool capital from banks, corporations and other funding sources, then re-lends it to local economic development organizations, many of which work in rural communities across South Dakota. Learn more about how Sunrise Banks is supporting Dakota Resources’ mission to connect capital and capacity to empower rural communities.
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Sunrise Banks provided $8 million in New Markets Tax Credit allocation and just over $5.4 million in bank financing for the project. The Coliseum Building officially re-opened to the public on June 19, 2024. At its core, developers want to use the Coliseum as an incubator space for Black, Indigenous and business owners of color.
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We align our values with our business practices.
At Sunrise Banks, we don’t just talk the talk—we walk the walk, and our social impact affiliations demonstrate that. As nonprofit lenders working in Minnesota and South Dakota, we build financial tools around the needs of mission-driven organizations, not the other way around.
In 2009, Sunrise Banks became the first Certified B Corporation Off Site Link in Minnesota. In 2023, during our most recent recertification, we received a B Corp Impact score of 148.6, well above average. B Corporations are graded on their social impact in five categories: governance, workers, community, environment, and customers.
Sunrise Banks was Minnesota’s first Community Development Financial Institution (CDFI) Off Site Link bank. CDFIs are dedicated to community development. Weprovide financial products and services that meet the needs of economically disadvantaged individuals within underserved communities.
Since 2013, Sunrise Banks has been a member of the Global Alliance for Banking on Values (GABV) Off Site Link made up of 70+ mission-based banks worldwide. David Reiling, the bank’s CEO, chairs the GABV, which works to create sustainable economic, social and environmental development.
The NMTC program drives capital to communities with untapped potential and in turn stimulates economic growth and revitalization for those same communities.
Our commitment shows through the work we do:
60%+ of the Sunrise Banks lending portfolio is directed to low-to-moderate income communities.
$33.5M in New Markets Tax Credit allocation was deployed in 2024 through nine projects, five of which included investments in environmental remediation or energy efficient features/upgrades. Through these projects, we anticipate helping to create or retain 738 jobs in these communities.
$5.5M was designated toward Net Zero projects that reduce or avoid carbon emissions between July and December of 2024.
$294M+ was designated toward the Sunrise Banks Community Impact Deposit Fund in 2024, which dedicates funds to support affordable housing, community development and small businesses.
2%+ of our net income per year is given through corporate donations and sponsorships.
3,141 hours of paid volunteer time was used by employees in 2024 to support local charities and nonprofit organizations.
