Jeanette Jesinger v. Nevada Federal Credit Union, a Federally-Chartered Credit Union Robert W. Fleischman

Opinion by Judge TANG.

Appellants are former members of the Board of Directors (collectively, the “Board” or “Board members”) of Nevada Federal Credit Union (“NFCU”). On February 13, 1990, the Supervisory Committee of NFCU unanimously voted to suspend five of the Board members. Two weeks later, the NFCU membership voted to sustain the Supervisory Committee’s action, pursuant to the rules and regulations of the Federal Credit Union Act (“FCUA”), 12 U.S.C. § 1751 et seq.

The Board members filed the instant action for wrongful removal and defamation against NFCU and each of the members of the Supervisory Committee (collectively, the “Supervisory Committee” or “Committee”). The district court granted summary judgment in favor of the Committee, concluding that the Board members did not have a cause of action under either federal statute or common law. The court further found that there was insufficient evidence upon which any trier of fact could find that there was defamation. The Board members appeal both conclusions. We have jurisdiction under 28 U.S.C. § 1291 , and affirm.

BACKGROUND

On January 31, 1990, the Board met at a regular meeting and voted 5-2 not to renew the…