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McCARTHA v. IRON AND STEEL CREDIT UNION

Civ. 1960.

373 So.2d 328 (1979)

Kenneth R. McCARTHA, Superintendent of Banks, C. W. Sauls, Jr., Supervisor, Bureau of Credit Unions v. IRON AND STEEL CREDIT UNION.

Court of Civil Appeals of Alabama.

July 18, 1979.

Attorney(s) appearing for the Case

Charles A. Graddick, Atty. Gen. and David W. Clark, Asst. Atty. Gen., for appellants.

C. Stephen Trimmier of Trimmier, Daniel & Hartman, Birmingham, for appellee.

HOLMES, Judge.

The appellee-credit union filed for a declaratory judgment in the Circuit Court of Jefferson County. The petition alleged that credit unions are subject to the interest rate as well as the other provisions of the Alabama Consumer Credit Act (the Mini-Code), § 5-19-1 et seq., Code of Ala.1975, as opposed to the interest rate provisions of the Credit Union Act, § 5-17-1 et seq., Code of Ala.1975.

The trial court found that...

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