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BROWN v. AUSTIN AREA TCHRS. FEDERAL CREDIT U.

No. 8311.

588 S.W.2d 629 (1979)

Virginia BROWN, Appellant, v. AUSTIN AREA TEACHERS FEDERAL CREDIT UNION, Appellee.

Court of Civil Appeals of Texas, Beaumont.

Rehearing Denied October 4, 1979.

Attorney(s) appearing for the Case

Stephen H. Gardner, Austin, for appellant.

Richard L. Alexander, Austin, for appellee.

CLAYTON, Justice.

This is an appeal from an adverse summary judgment entered against appellant. Appellee is a federal credit union chartered under the Federal Credit Union Act, 12 U.S.C.A. § 1751 et seq. (1969), and regulated by the National Credit Union Administration. From 1974 through 1976, appellant executed several promissory notes evidencing money borrowed from appellee. The rate of interest on each such note was one percent per month on the unpaid...

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