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The NCUA, in a 32-count complaint filed May 21 in U.S. District Court in Cleveland, is seeking to recover more than $18.9 million in fraudulent loans and damages from A. Eddy Zai, Zai’s wife Tina Zai, and Zai’s father-in-law Ted M. Vannelli. 

The family is alleged to be the largest recipient of fraudulent loans from the liquidated St. Paul Croatian Federal Credit Union, which was shuttered by the NCUA in May 2010 and cost the NCUSIF $170 million.

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