Sheet Metal Workers Local 76 Credit Union v. Hufnagle

WAHL, Justice.

Defendant, Paul C. Hufnagle, the maker of a $70,000 promissory note, appeals from a judgment granting plaintiff, Sheet Metal Workers Local # 76 Credit Union (hereafter Credit Union), judgment in the amount of the unpaid balance due on the note, plus interest. Hufnagle gave the note to the Credit Union on June 30, 1975, in connection with his purchase from the Credit Union of 1,313 shares of stock in the Phalen Park State Bank. The Credit Union held these shares as security for the amount due it on the note and sold them in partial satisfaction of the judgment after its entry. On…