FinTech Magazine - March 2022 | Page 30

SUNRISE BANKS

Sunrise

UPC : More Wow together !
That community bank core remains key to Sunrise ’ s role in the lives of its customers today , offering a full suite of foundational banking services , New Markets Tax Credit lending , Small Business Administration ( SBA ) lending , and much more .
Powering Financial Wellness “ We are always looking at how we can improve the core three things : increase access , lower the cost , and mitigate the risk ,” says Toft . “ Those are the things we look at when we ' re trying to innovate and figure out how can we best serve those customers and provide those services in a better , faster way .”
This is inclusive banking with purpose , “ and we ’ re held accountable in a few different ways ,” Toft adds . “ We are a Community Development Financial Institution ( CDFI ), which means that at least 60 % of our loans are made in low-to-moderate-income census tracts , and we have to certify that with the US Treasury every year .

“ We are always looking at how we can improve the core three things : increase access , lower the cost and mitigate the risk ”

BRYAN TOFT CHIEF REVENUE OFFICER , SUNRISE BANKS
“ We ' re also a certified B corporation , and we have to provide a lot of transparency and accountability about our business . We have been named Best for the World by B Lab for eight years in a row ,” he adds . “ And that really is unique . We ’ re the only CDFI bank in Minnesota — there are roughly 250 others
30 March 2022