National Credit Union Administration Board v. Gurr

*91ORDER DENYING MOTION FOR SUMMARY JUDGMENT AND GRANTING MOTION TO DISMISS FOR FAILURE TO PROSECUTE

Introduction

In July 1991, Defendant Bernard Gurr, Jr. (“Gurr”), the former manager of Plaintiff American Samoa Government Employees Federal Credit Union (“ASGEFCU”), signed a promissory note payable to ASGEFCU, a federal credit union operating in the territory, in the principal sum of $20,261.63, with an annual interest rate accruing at 14% on the unpaid principal. Gurr secured this debt by giving ASGEFCU an interest in Gurr’s 1991 Ford Taurus station wagon. In August 1992, Gurr signed a Fixed &…