Social Impact Affiliations
Certified B Corporation
Sunrise is a Certified B Corporation. B Corps use the power of business to solve social and environmental problems to build a more inclusive and sustainable economy. In order to gain B Corp Certification, companies must demonstrate responsible corporate governance and environmental stewardship while being held accountable by the communities they serve.
By harnessing the power of business, B Corps use profits and growth as a means to a greater end: positive impact for their employees, communities, and the environment.
Certified Community Development Financial Institution
Sunrise is a Certified Community Development Financial Institution (CDFI). The CDFI Fund works to generate economic growth and opportunity in our nation’s most distressed communities by injecting new sources of capital into neighborhoods that lack financing.
This certification, conferred by an agency under the U.S. Department of the Treasury, is held by approximately 100 banks in the U.S. Sunrise is the only CDFI bank in Minnesota.Learn More
Member of the Global Alliance for Banking on Values
Sunrise is a member of the Global Alliance for Banking on Values (GABV); in addition, Sunrise Banks CEO David Reiling is a board director for GABV, leading the Alliance’s North American chapter.
GABV is an independent network of financial institutions committed to advancing positive change in the banking sector. These financial institutions are working to change the banking system to provide more transparency, deliver sustainable economic, social and environmental development and serve the real economy.
Public Benefit Corporation
A Public Benefit Corporation is a corporation that has voluntarily met the highest standards of corporate purpose, accountability, and transparency. Benefit Corporations have a corporate purpose to create a material positive impact on society and the environment, have expanded the fiduciary duty of their directors to include consideration of stakeholder interests, and are required to report on their overall social and environmental performance.
Sunrise Banks’ holding company, University Financial Corp, GBC, became a Public Benefit Corporation on Jan. 2, 2015, the day the designation became legally available in Minnesota.Learn More