A lawsuit filed by a church against the NCUA in connection with the collapse of St. Paul Croatian Federal Credit Union has been dismissed.
U.S. District Court Judge Donald C. Nugent in Cleveland has dismissed the suit filed by Holy Love Ministry in North Ridgeville, Ohio, that claimed it was entitled to an additional $250,000 deposit insurance payment on $1.7 million in accounts it held with St. Paul Croatian FCU when the Eastlake, Ohio, credit union collapsed in 2010 following the exposure of a $70 million fraud scheme.
Although this lawsuit was dismissed Oct. 11, Holy Love Ministry has filed a second lawsuit to recoup its $1.7 million under the Federal Tort Claims Act. The church also is asking for $1.5 million in compensatory damages, according to court documents.
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