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TWIN CITY CO-OP CREDIT UNION v. BARTLETT

No. 38,835.

266 Minn. 366 (1963)

123 N.W. (2d) 675

TWIN CITY CO-OP CREDIT UNION v. JAMES H. BARTLETT AND OTHERS.

Supreme Court of Minnesota.

August 30, 1963.

Attorney(s) appearing for the Case

Joseph T. O'Neill and Firestone, Fink, Krawetz, Miley & O'Neill, for appellant.

Johnson, Johnson, Lind, Olson & Daniels, for respondent.

MURPHY, JUSTICE.

The sole question presented by this appeal involves the liability of the defendant who, along with others, signed notes given to the plaintiff credit union. The defendant contends that the defense of usury is available to him because he is a nonmember of the credit union payee, and that the rate of interest specified in the agreements is usurious except as to loans made to members. The plaintiff credit union...

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