Education First Credit Union attempts to recover collateral after default
Education First Federal Credit Union has filed suit in the District Court for Jefferson County naming Cheryl L. Moore and Charles E. Moore as the defendants.
According to its petition, Education First lent the Moore's $375,479.92 in August 2006. The loan was memorialized by a promissory note and secured with the Moore's recreational vehicle.
Education First claims the Moores have since defaulted on the note and owe $264,092.73, according to the suit.
Education First filed the petition in an attempt to get the Moores to turn over their RV as called for under the note.
Education First is seeking possession of the collateral used to secure the note following the Moores alleged default.
Education First is being represented by attorney Gary W. Coker.
The case has been assigned to Judge Gary Sanderson, 60th District Court.
Case No. B195-001
This is a report on a civil lawsuit filed in the District Court of Jefferson County. The details in this report come from an original complaint filed by a plaintiff. Please note, a complaint represents an accusation by a private individual, not the government. It is not an indication of guilt, and it only represents one side of the story.