ST. LOUIS TEACHERS' CREDIT UNION v. MARSH

No. 60985.

585 S.W.2d 474 (1979)

ST. LOUIS TEACHERS' CREDIT UNION, Appellant, v. Robert E. MARSH et al., Respondents.

Supreme Court of Missouri, En Banc.

September 11, 1979.


Attorney(s) appearing for the Case

Leon G. Kusnetsky, Robert C. Carter, Alan D. Schwartz, Kansas City, for appellant.

John D. Ashcroft, Atty. Gen., Terry C. Allen, Asst. Atty. Gen., Jefferson City, for respondents.


BARDGETT, Chief Justice.

The issue on this appeal is whether section 370.300.1, RSMo 1978,1 which restricts the interest a credit union may charge a member to one percent per month on the unpaid balance, is violative of art. 3, sec. 44, Mo.Const.,2 in that it fixes rates of interest for a particular group or class (credit unions) lending money and is contrary to the requirement that rate of interest fixed by...

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