McANALLY v. IDEAL FEDERAL CREDIT UNION

No. 41367.

428 P.2d 322 (1967)

Lee Roy McANALLY, Plaintiff in Error, v. IDEAL FEDERAL CREDIT UNION, Defendant in Error.

Supreme Court of Oklahoma.

May 9, 1967.


Attorney(s) appearing for the Case

Carloss Wadlington, Ada, for plaintiff in error.

Lewis M. Watson, Ada, for defendant in error.


BLACKBIRD, Justice.

The principal question involved in this appeal is whether certain Oklahoma statutes with reference to usury apply to the interest charges on a loan made by a Federal Credit Union to one of its members.

Plaintiff in error, hereinafter referred to as "defendant", was an employee of the Ideal Cement Company of Ada, and, along with other employees of that company, was a member of, and shareholder in...

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