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CATERPILLAR DAVENPORT EMP. CREDIT v. HUSTON

No. 62417.

292 N.W.2d 393 (1980)

CATERPILLAR DAVENPORT EMPLOYEES CREDIT UNION, a credit union chartered under the laws of the State of Iowa, Appellant, v. Thomas H. HUSTON, Iowa Superintendent of Banking, Appellee.

Supreme Court of Iowa.

May 21, 1980.

Attorney(s) appearing for the Case

John S. Gosma of Rehling, Lindburg & Gosma, Davenport, for appellant.

Thomas J. Miller, Atty. Gen., and Elizabeth A. Nolan and Steven G. Norby, Asst. Attys. Gen., for appellee.

Considered by REYNOLDSON, C.J., and LeGRAND, UHLENHOPP, ALLBEE, and LARSON, JJ.

REYNOLDSON, Chief Justice.

The fighting issue in this case is whether Iowa statutes permit an Iowa credit union to merge with an Illinois credit union when the merger plan provides that the surviving Illinois union shall operate a branch office in Iowa. Petitioner-appellant Caterpillar Davenport Employees Credit Union (Iowa Credit Union) sought judicial review of an Iowa Superintendent of Banking decision which disapproved the Iowa Credit Union's proposed merger with...

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