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SAFEWAY PORTLAND EMP. FED. CR. U. v. C. H. WAGNER & CO.

Civ. No. 71-138.

335 F.Supp. 116 (1971)

SAFEWAY PORTLAND EMPLOYEES' FEDERAL CREDIT UNION, a Federal Credit Union, Plaintiff, v. C. H. WAGNER & CO., Inc., a Massachusetts corporation, et al., Defendants.

United States District Court, D. Oregon.

December 23, 1971.

Attorney(s) appearing for the Case

Henry A. Carey, Carey & Hanlon, Edward L. Fitzgibbon, William E. Dougherty, Portland, Or., for plaintiff.

William E. Hurley, Bernard, Hurley, Hodges & Kneeland, Portland, Or., for defendants.

OPINION

ALFRED T. GOODWIN, Circuit Judge, Sitting by Designation:

The Safeway Portland Employees' Federal Credit Union (Credit Union), on November 20, 1970, purchased from defendants (Wagner) two one-year Certificates of Deposit of the Sharpstown State Bank. The certificates, of a total face value of $250,000, earned interest at the rate of 7½% per year. Wagner agreed to pay Credit Union an additional 5...

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