Discover this podcast and so much more

Podcasts are free to enjoy without a subscription. We also offer ebooks, audiobooks, and so much more for just $11.99/month.

025, David Reiling, Sunrise Banks | Empowering Underserved Communities

025, David Reiling, Sunrise Banks | Empowering Underserved Communities

FromSocial Entrepreneur


025, David Reiling, Sunrise Banks | Empowering Underserved Communities

FromSocial Entrepreneur

ratings:
Length:
32 minutes
Released:
Dec 30, 2015
Format:
Podcast episode

Description

According to Sunrise Banks’ CEO David Reiling, “The culture of Sunrise Banks is all about mission and innovation.” If you pull his statement apart, you’ll notice three components: culture, mission and innovation. These are the magic ingredients that have allowed Sunrise Banks to be recognized as “Best for the World” company.
Sunrise Banks has been recognized on many levels for their purpose-driven innovation. They are a certified Benefit Corporation (BCorp). Their parent company was one of the first Minnesota Public Benefit Corporations. And, they are a certified Community Development Financial Institution (CDFI), one of only 100 banks in the US.
They focus on underserved communities. More than 60% of Sunrise Banks’ loans are in low to moderate income communities every year. On the other side of the equation, they provide a socially responsible deposit fund. They also have innovative programs for the unbanked and for people who traditionally would be trapped by predatory loan practices.
Resources:

Five Key Traits of Successful Social Entrepreneurs: http://tonyloyd.com/socent
Sunrise Banks: https://www.sunrisebanks.com
Sunrise Banks’ Socially Responsible Deposit Fund: https://www.sunrisebanks.com/srdf
Facebook: https://www.facebook.com/SunriseBanks
Sunrise Banks on Twitter: https://twitter.com/SunriseBanks
David Reiling on Twitter: https://twitter.com/ReilingDavid
YouTube: https://www.youtube.com/user/SunriseBanks
LinkedIn: https://www.linkedin.com/company/957063

Also Mentioned in this Episode:

Benefit Corporations (BCorp and B-Lab): https://www.bcorporation.net
Star Tribune article on Minnesota Public Benefit Corporations: http://www.startribune.com/public-benefit-corporations-a-new-option-for-minnesota-companies-that-do-good/291104881
Community Development Financial Institution (CDFI): https://en.wikipedia.org/wiki/Community_development_financial_institution
Minnesota Keystone Program: http://www.minneapolischamber.org/pages/MinnesotaKeystone
Released:
Dec 30, 2015
Format:
Podcast episode

Titles in the series (100)

Social Entrepreneur exists at the intersection of profit and purpose. We tell positive stories from underrepresented voices, focused on solutions.