Valley Bank & Trust Co. v. Holyoke Community Federal Credit Union

In this dispute over priority of security interests, defendant, Holyoke Community *359Federal Credit Union (Credit Union), appeals a summary judgment in favor of plaintiff, Valley Bank and Trust Company (Bank). We reverse.

Beginning in April 2000, Bank was a floor plan lender providing financing to an automobile dealership in Holyoke to purchase vehicles manufactured by General Motors Corporation. In exchange for this financing, Bank obtained a security interest in the dealership’s motor vehicle inventory and any proceeds from the inventory. Bank perfected this interest in May 2000 by filing a…