FINANCIAL_SERVICESAMENDED

Verve Credit Union Commercial Loan Paid Off and Assumed

The mortgage agreement provides that part of the $65,799.97 in proceeds will retire 2716 Memorial Drive, LLC’s existing commercial loan with Verve Credit Union, with the City of Two Rivers and BIDC assuming Verve’s lender position. This restructures the borrower’s financing from a private credit union to public-sector lenders.

Status
AMENDED
Document date
August 8, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Verve Credit Union
Agency
City of Two Rivers · WI

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Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
$65,799.97 (portion of new mortgage proceeds to pay off existing commercial loan)
Contract type
FINANCIAL_SERVICES
Renewal
Existing Verve Credit Union commercial loan is to be paid off and effectively replaced by the new mortgage from the City and BIDC.
Document type
AgendaPacket
Source document
Two Rivers Business and Industrial Development Committee - Community Development Authority Agenda Packet 2026-08-11

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of Two Rivers?

Verve Credit Union was awarded this financial services contract by City of Two Rivers, as recorded on August 8, 2026. The contract value is $65,799.97 (portion of new mortgage proceeds to pay off existing commercial loan).

How much is the Verve Credit Union contract with City of Two Rivers worth?

The Verve Credit Union contract with City of Two Rivers is valued at $65,799.97 (portion of new mortgage proceeds to pay off existing commercial loan), covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agendapacket record.

Where was this contract approved?

This contract appears in Two Rivers Business and Industrial Development Committee - Community Development Authority Agenda Packet 2026-08-11 (AgendaPacket), dated August 8, 2026 from City of Two Rivers. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Verve Credit Union hold?

Verve Credit Union may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Verve Credit Union's profile

What is City of Two Rivers currently buying?

Explore City of Two Rivers's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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