Socially Responsible Deposit Fund (SRDF)


The Socially Responsible Deposit Fund (SRDF) allows you to actively support local community development.

Our success is directly linked to the success of our communities. When you invest your deposits in the SRDF, it offers you (and us) the opportunity to be primary agents of change in our community. Currently, Sunrise has over $116 million designated to its SRDF.

How It Works
Open any depository account (checking, savings or certificate of deposit) and designate your account balances to the SRDF. The dollars are still yours, FDIC insured up to $250,000; we simply leverage the money to make loans that benefit our community3. It’s what we refer to as the “Double Bottom Line”: 1) Competitive Financial return with 2) Positive social impact in the local community.

Competitive Interest Rates
SRDF depositors receive the same, competitive interest rates offered to non-SRDF depositors. Through the SRDF, you can support community development projects without compromising your financial goals.

SRDF Details
Any account, personal or business – checking, savings, certificate of deposit – can be designated to the SRDF. You will have the same access to your account per the terms and conditions of the account type. Remember, the dollars are still yours – we simply leverage them to make loans that benefit our community3.

Community Impact
Your account balances and those of others in the SRDF will be used to lend money within targeted investment areas in our urban community to support the following types of projects4:

  • Affordable housing
  • Small businesses
  • Not-for-profit organizations
  • Community services
  • Eco-friendly investments

We encourage you to designate your deposits to the Socially Responsible Deposit Fund (SRDF).

SCB-SRDF-Image-1  SCB-SRDF Image-2 BW 

1The SRDF is subject to modification or termination at the discretion of Sunrise Banks, at any time and without notice.
2SRDF designated deposits are aggregated with non-SRDF deposits per bank for purposes of determining the $250,000 threshold for FDIC insurance coverage.
3Subject to Sunrise Banks’ credit/investment standards.
4The Targeted Investment Area consists of a group of contiguous census tracts that together meet at least one of the following objective criteria of economic distress provided that the combined population residing within individual census tracts that do not meet any such criteria does not exceed 15 percent of the total population of the entire investment area:

1) The percentage of the population living in poverty is at least 20 percent; 2) The median family income shall be at or below 80 percent of the Metropolitan Area median family income or the national Metropolitan Area median family income, whichever is greater; or 3) The   unemployment rate is at least 1.5 times the national average.