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City of Minnetonka Awards Financial Services Contract to Veridian Credit Union (February 2026)

City of Minnetonka logoCity of Minnetonka
Disclosed value
Construction Loan: Up to $8,800,000; TIF Loan: Up to $850,000
From agenda
Approved
Feb 23, 2026

The 30-second brief

What it covers

Minnetonka EDA approved Veridian Credit Union to provide an $8.8 million construction loan and an $850,000 TIF loan to Marsh 3, LLC for a mixed-income apartment project as part of a collateral assignment agreement.

Who holds it

Veridian Credit Union holds this financial services contract with City of Minnetonka. Its other public contracts on record include work for City of Johnston and City of Eden Prairie.

What happens next

Term as filed: Dated as of February, 2026; loan duration not explicitly stated.

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Contract details

Contract type
Financial Services
Amount
Construction Loan: Up to $8,800,000; TIF Loan: Up to $850,000
Document date
February 23, 2026
Term
Dated as of February, 2026; loan duration not explicitly stated
Vendor
Veridian Credit Union
Agency
City of Minnetonka
Source document
City of Minnetonka Economic Development Authority Agenda February 2026 (Agenda)

Veridian Credit Union's other public contracts

City of Johnston, IowaJohnston Reaffirms Veridian Credit Union Depository · Sep 8, 2026City of Eden Prairie, MinnesotaVeridian Credit Union Joins as Hometown Celebration Partner · Jul 14, 2026UndisclosedCity of Eden Prairie, MinnesotaVeridian Credit Union Backs City Hometown Celebration · Jul 14, 2026UndisclosedCedar Falls Community School District, IowaVeridian Credit Union Continues as Depository · Jul 13, 2026Cedar Falls Community School District, IowaVeridian Credit Union Approved as Depository · Jul 12, 2026All Veridian Credit Union contractsVendor profile

More City of Minnetonka contracts

Minger Construction Companies IncLift Station Rehabilitation Contract Recommended to Minger · Oct 23, 2026$357.5KEsri (Arcgis) SoftwareMinnetonka Approves Three-Year ESRI Software Agreement · Oct 23, 2026UndisclosedSaint Paul Port Authority (Sppa)Minnetonka PACE Financing Amendment Recommended · Oct 23, 2026$1.1MState of Minnesota, Acting Through Its Department of Public SafetyDWI Traffic Safety Officer Grant Recommended · Oct 23, 2026$165KState of Minnesota Acting Through Its Department of Public SafetyTraffic Enforcement Grant Recommended for Minnetonka · Oct 23, 2026$40.4KAll City of Minnetonka activityAgency profile

Questions about this contract

Who was awarded the financial services contract by City of Minnetonka?

Veridian Credit Union was awarded this financial services contract by City of Minnetonka, as recorded on February 23, 2026. The contract value is Construction Loan: Up to $8,800,000; TIF Loan: Up to $850,000.

How much is the Veridian Credit Union contract with City of Minnetonka worth?

The Veridian Credit Union contract with City of Minnetonka is valued at Construction Loan: Up to $8,800,000; TIF Loan: Up to $850,000, covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in City of Minnetonka Economic Development Authority Agenda February 2026 (Agenda), dated February 23, 2026 from City of Minnetonka. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Veridian Credit Union hold?

Veridian 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.

What is City of Minnetonka currently buying?

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

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