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M. B. A. F. B. FED. CREDIT UNION v. CUMIS INS. SOC.

No. 81-1285.

681 F.2d 930 (1982)

M. B. A. F. B. FEDERAL CREDIT UNION, Appellee, v. CUMIS INSURANCE SOCIETY, INC., Appellant, v. Jack G. MONTGOMERY, Helen R. Montgomery, Mary L. Morris, Mary T. Smith, Third Party Defendants.

United States Court of Appeals, Fourth Circuit.

Decided June 17, 1982.

Rehearing Denied July 22, 1982.

Attorney(s) appearing for the Case

Robert J. Thomas, Columbia, S. C. (Tompkins, McMaster & Thomas, Columbia, S. C., on brief), for appellant.

Jack T. Flom, Myrtle Beach, S. C. (Marshall, Flom, Haar & Sherrill, Myrtle Beach, S. C., on brief), for appellee.

Before HALL, SPROUSE and CHAPMAN, Circuit Judges.

PER CURIAM:

This is an appeal by Cumis Insurance Society, Inc., defendant below, from a judgment rendered against it in favor of Myrtle Beach Air Force Base Federal Credit Union (Credit Union) for $242,080.75 on a bond which covered, among other things, loss to the Credit Union through the failure of one of its employees "to well and faithfully perform his duties."

The Credit Union was created under the provisions...

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