Sunnyside Federal

What Sunnyside Federal does

Sunnyside Federal Savings and Loan Association of Irvington is a single-branch community bank operating in Irvington, New York, serving the Hudson Valley Rivertowns region. Founded in 1929, the bank is a federally chartered savings and loan institution, FDIC-insured, and designated an Equal Housing Lender. Its legal name is Sunnyside Federal Savings and Loan Association of Irvington, and it trades publicly on the OTCQB market under the symbol SNNY. Sunnyside Federal employs between 11 and 50 people and operates from a single office at 56 Main Street, Irvington, NY 10533, with lobby hours Monday–Friday and a drive-through service window, supported by a digital layer comprising iMobile (iOS/Android/Fire OS), online banking and bill pay, Zelle peer-to-peer payments, CardValet debit card controls (Fiserv), mobile check deposit, and Business Remote Deposit Capture.

The product portfolio is split between retail and small-business banking. Personal customers are served through three checking tiers (Now Checking, Brighter Checking with cash-back rewards, Now Brighter Checking), three savings products (Passbook, Statement, Sunnyside Saver tiered-yield), a youth account (Sunny Money Kids), Certificates of Deposit with terms from 3 months to 5 years (including a 7-month CD special at 4.00% APY), and Traditional and Roth IRAs. Business customers access basic Business Checking, Brighter Business Analysis (earnings-credit pricing), Business Savings, Business CDs, Term Business Loans, Commercial Real Estate Loans, and SBA loan programs, plus a cash management suite covering ACH/wire, zero/target balance sweeps, and merchant processing via a Clover partnership. Expanded FDIC insurance is offered through IntraFi.

Revenue is generated primarily through net interest income earned on the loan portfolio (commercial real estate, term business, SBA, mortgage, and personal loans) funded by deposits, supplemented by monthly service charges on deposit accounts, remote deposit capture fees ($30/month), and transaction-based cash management fees. Go-to-market is sales-led and relationship-based, relying on the bank's long-standing community presence, a single physical branch, Rivertown Chamber of Commerce membership, local event sponsorship, and organic social channels (Facebook, Twitter) rather than paid advertising. The bank's mobile app and online banking provide self-service onboarding and account management, but the core distribution model remains the physical branch in Irvington.

Name

Sunnyside Federal

Legal name

Sunnyside Federal Savings and Loan Association of Irvington

Website

https://www.sunnysidefederal.com

Company type

Private

Founded year

1930

Operating status

Operating

Headcount range

11–50 employees

Short description

Sunnyside Federal is a single-branch community savings and loan bank in Irvington, NY, serving the Hudson Valley Rivertowns with personal checking, savings, CDs, IRAs, and business banking, lending, and cash management services backed by digital channels.

Ownership category

akta.pro rank

Product category

Community Banking

NAICS

Depository Credit Intermediation (5221)

SIC

Savings Institution, Federally Chartered (6035)

akta.pro primary industry

SME Deposits & Business Accounts (Operating, Savings, CDs) (FSABABAC)

Keywords

• Retail banking services
• Community banking
• Commercial lending
• Deposit accounts
• Digital banking

Headquarters

HQ city

Irvington

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Net Interest Income: Primary revenue stream from spread between interest earned on loans (commercial real estate, term business loans, SBA loans, mortgages, personal loans) and interest paid on deposits (checking, savings, CDs, IRAs). Competitive interest rates offered on both sides.
2. Monthly Service Charges: Monthly maintenance fees on checking and savings accounts (e.g., $5 monthly service charge on basic business checking, $5 on personal Now Checking if balance falls below minimum). Fee avoidance with minimum balance requirements.
3. Remote Deposit Capture Fee: $30 per month fee for business remote deposit capture service, allowing commercial check deposits without visiting branch.
4. Cash Management Services Fees: Fees for ACH and wire transfers, offset by earnings credit on qualifying balances in Brighter Business Analysis accounts.
5. Merchant Processing Services: Clover merchant processing services for business clients, accessed through alliance partnership.

Pricing tiers

Go-to-market motion1 record

Distribution channels6 records

Marketing channels5 records

Core offering

Sunnyside Federal is a community savings and loan association operating from a single branch in Irvington, NY, providing personal and business banking services. The bank offers checking accounts, savings accounts, certificates of deposit, IRAs, debit cards, and digital banking channels including a mobile app, online banking, bill pay, Zelle, mobile check deposit, and remote deposit capture. It also provides commercial real estate loans, term business loans, SBA loans, and cash management services to local businesses.

Product overview

Sunnyside Federal is a community bank offering a comprehensive suite of personal and business banking products through both physical branch locations and digital channels. The personal banking lineup includes three checking account tiers (Now Checking, Brighter Checking, Now Brighter Checking) with varying features like interest earnings and cash back rewards, multiple savings options (Passbook, Statement, Sunnyside Saver, Sunny Money Kids), Certificates of Deposit, and IRAs. Business banking encompasses Business Checking (basic and Brighter Business Analysis analysis accounts), Business Savings, Business CDs, Term Business Loans, Commercial Real Estate Loans, and SBA Loans. Digital banking capabilities include the iMobile app for iOS/Android, online banking with bill pay, Zelle person-to-person payments, mobile check deposit, and cash management services. The bank operates as a single-branch institution in Irvington, NY, serving both retail and commercial customers.

Differentiator

Problem solved

Functional benefit

Brands

• iMobile: Mobile banking application for iOS and Android devices
• Brighter Checking
• Brighter Business Analysis
• Sunnyside Saver

Products and services

• Personal Checking Accounts
• Personal Savings Accounts
• Business Checking Accounts
• Business Savings Account
• Certificates of Deposit (Personal and Business)
• Individual Retirement Accounts (IRAs)
• Term Business Loans
• Commercial Real Estate Loans
• SBA Loans
• Expanded FDIC Insurance with IntraFi
• Mobile Banking App (iMobile)
• Online Banking and Bill Pay
• Cash Management Services
• Business Remote Deposit Capture
• CardValet Debit Card Management
• Zelle Peer-to-Peer Payments

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration5 records

Feature8 records

Partnerships

Eight partnerships are on record, tiered core and minor.

• IntraFicoreTechnology or IntegrationPartnership with IntraFi network to offer expanded FDIC insurance coverage. Allows individuals and businesses to access multi-million dollar FDIC insurance through a single financial institution, eliminating need for multiple bank accounts. Service is free to customers. Enables peace of mind for deposit amounts exceeding standard $250,000 FDIC limits.
• ZellecoreTechnology or IntegrationPartnership with Zelle to provide fast peer-to-peer payment services. Customers can send money directly from their account to enrolled recipients in minutes via online banking or mobile app. No fees charged by Sunnyside Federal for Zelle transactions. Available to both personal and business customers.
• MoneyPasscoreTechnology or IntegrationMoneyPass ATM network partnership providing access to thousands of surcharge-free ATMs across the United States. Customers can withdraw, transfer funds, or check balances at any MoneyPass ATM location nationwide. Convenient ATM locator tool available on website and mobile app.
• ClovercoreChannel Partner/ Reseller/ DistributorAlliance with Clover for merchant processing services. Provides Sunnyside Federal business customers with access to full line of merchant processing services designed to address unique business and customer needs. Customization options available for different business types.
• FiservcoreTechnology or IntegrationCardValet debit card management app powered by Fiserv. Provides customers with ability to monitor transaction activity, set spending limits, track expenses, protect against fraud, and receive real-time alerts. Available on iOS and Android devices.
• VECTA Partners LLCminorOthersNon-financial affiliate company related by common ownership. Listed in privacy policy as an affiliate along with VECTA Inc. and VECTA Real Estate LLC.
• VECTA Inc.minorOthersNon-financial affiliate company related by common ownership. Listed in privacy policy as an affiliate.
• VECTA Real Estate LLCminorOthersNon-financial affiliate company related by common ownership. Listed in privacy policy as an affiliate.

Scale indicators3 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Rhinebeck Bank: Community bank headquartered in Rhinebeck, NY serving the Hudson Valley. Directly comparable as a small, locally focused commercial and retail bank competing in the same regional market with relationship-based SMB lending and deposit gathering.
• Walden Savings Bank: Mutual savings bank headquartered in the Hudson Valley region of New York. Directly comparable as a community-oriented thrift offering retail deposits, CDs, mortgages, and SMB lending in the same geographic corridor as Sunnyside.
• Tompkins Community Bank: Tompkins Financial's community banking subsidiary serving upstate and Hudson Valley New York with retail and business banking. Comparable as a publicly traded, relationship-focused community bank competing for similar SMB and retail relationships in NY metropolitan-adjacent markets.
• Hudson Valley Credit Union: Large credit union headquartered in Poughkeepsie, NY serving the Hudson Valley. Comparable as a local deposit and lending institution competing for retail and SMB relationships in the same region with member-focused relationship service.
• ConnectOne Bancorp: New York and New Jersey-based community bank of broadly similar scale. Comparable as a publicly traded community bank serving the NY metro periphery with personal banking, business banking, and commercial real estate lending.
• Bogota Savings Bank: Small New Jersey-chartered mutual savings bank. Comparable as a community-oriented thrift of similar small scale offering retail deposits, CDs, and residential lending to a local customer base.

Broad incumbents

• M&T Bank: Large regional bank with significant branch presence across New York State including Westchester. Comparable as a competing institution for retail deposits, business banking, and SBA lending in the Hudson Valley market, though operating at vastly greater scale and with broader product offerings.
• Bank of America: National bank with substantial presence in the NY metro area. Comparable as a competitor for deposit, lending, and digital banking relationships in Westchester, though operating at national scale with a vastly broader product set.
• KeyBank: Major regional bank with branches across New York including the Hudson Valley region. Comparable as a competing institution for retail deposits, business banking, and commercial lending in the same geographic market, though operating at national scale.
• JPMorgan Chase: Largest U.S. retail bank with extensive Westchester County branch and ATM network. Comparable as the dominant competitor for retail and SMB banking relationships in Sunnyside's market, though operating at vastly greater scale and digital capability.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/bank_sunnyside
• Facebookfacebook.com/SunnysideFederal

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Sunnyside Federal