Helping Our Communities Thrive
At Sunrise Banks, we believe your financial choices give you power. We proudly channel that power to ignite progress. For you, and our communities.
Ready to make your impact with community banking? Community Impact Deposits turn a Sunrise Banks account into a meaningful way to drive local community development. You choose to designate your deposits to projects like affordable housing, community services, and small businesses.
Designating your funds to Community Impact Deposits allows you to foster a positive impact by turning each transaction into a ripple of positive change – helping you confidently manage your money and build a brighter future for all.
How Community Impact Deposits Work
Open A Sunrise Banks Account
Personal or business checking, savings and certificate of deposit accounts are all eligible to be designated for Community Impact Deposits. If you already have an eligible Sunrise Banks account, you’re ready for the second step.
Designate Your Account Balances for Community Impact Deposits
Let a banker know you’d like to assign your new or existing Sunrise Banks accounts to the initiative. Yes, it’s that simple. Your deposit dollars will be designated to loans designed to drive community development.
You get to maintain normal access to your account and funds, per the terms and conditions of the account. The money is still yours – Sunrise Banks simply leverages your dollars to make loans that benefit our community.
Watch Your Community Grow
Rest easy knowing your money is working to make a meaningful impact in your community. As of 2023, $296 million is designated to Community. Impact Deposits. That means over 4000 Sunrise Banks customer accounts have already been designated to Community Impact Deposits – you can join them today!
Community Impact Banking at a Glance
In 2023, Sunrise Banks originated $627,292,046 in loans in four mission-focused lending areas:
- Financial inclusion
- Affordable housing
- Small business recovery
- Transformational real estate development
Community Impact Deposits help to support community stories like these:
Can a modular housing factory transform Minneapolis? Former NBA Star Devean George Says Yes
Former NBA player, developer and Minneapolis native Devean George believes modular housing has the power to transform North Minneapolis.
The Augsburg alum’s latest project – turning a former warehouse on Washington Avenue North into a modular housing manufacturing plant – is set to break ground later this spring. When it’s complete, George estimated it could turn out hundreds of new affordable housing units and bring more than 300 well-paying jobs to the region.
Learn About the Project's Expected ImpactRealizing the American Dream Through Home Ownership
Mr. Gutierrez realized the dream of homeownership even without a Social Security number using the Sunrise Banks Pathway2Home ITIN mortgage loan.
“I know this is the beginning of bigger things – that I can acquire bigger things,” Mr. Gutierrez said. “It’s life changing. It’s a teaching moment for my children. It allows me to show my children that we can achieve things.”
Learn About Mr. Gutierrez’s Pathway2HomeTransforming a Food Desert
Seward Co-op’s Friendship store, which offers locally sourced and healthy foods, provided more food security in the Bryant neighborhood of Minneapolis.
“My hope and desire and dream is that this is a way forward to operate in a market economy that isn’t driven by capitalism, but by community wealth and community ownership,” said Sean Doyle, Seward Co-op’s general manager.
Learn About Seward Co-opHelping People in the Twin Cities Find Housing
Reliable and affordable housing is a key part of the American Dream and a catalyst for generational wealth. PRG, Inc. is helping to ensure everyone has access to it by providing education and counseling that addresses racial homeownership disparities.
When asked how PRG has changed people’s lives over the years, Kathy Wetzel-Mastel, executive director of PRG, says, “That would probably be better answered by the young family who have affordable, stable housing for themselves and their young children in one of PRG’s cooperatives. Or by the Black grandmother who was able to remain in the home she had owned for years after running into financial hardship. Or by the aging LGBTQ folks who feared returning to the closet and now live at Spirit on Lake. Or by the hundreds of families of color who now own their own home, many of whom are first-generation homeowners.”
Learn about PRG