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EX PARTE MONY FEDERAL CREDIT UNION

1940337, 1940360.

668 So.2d 552 (1995)

Ex parte MONY FEDERAL CREDIT UNION. Ex parte SOUTHTRUST BANK OF BALDWIN COUNTY. (In re SOUTHTRUST BANK OF BALDWIN COUNTY v. EMPIRE CORPORATE FEDERAL CREDIT UNION and MONY Federal Credit Union).

Supreme Court of Alabama.

June 16, 1995.

Attorney(s) appearing for the Case

Charles C. Simpson III of Owens, Benton & Simpson, Bay Minette, for petitioner MONY Federal Credit Union and respondent Empire Corporate Federal Credit Union.

D. Charles Holtz and J.M. Druhan of Johnston, Wilkins, Druhan & Holtz, Mobile, for SouthTrust Bank of Baldwin County.

HOUSTON, Justice.

SouthTrust Bank of Baldwin County ("SouthTrust") sued Empire Corporate Federal Credit Union ("Empire") and MONY Federal Credit Union ("MONY"), alleging that they had negligently or in bad faith failed to timely notify it of the nonpayment of a certain share draft, which is the credit union version of a check, and that that omission had resulted in damages to SouthTrust of $28,762; SouthTrust sought damages in that amount, plus interest, attorney...

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