Former Head of Closed Vermont Credit Union Indicted
The only employee of a small northern Vermont credit union that was taken over last year by federal regulators is now facing embezzlement charges.
Earlier this month a federal grand jury in Burlington indicted Debra Kinney, the CEO of the now closed Border Lodge Credit Union, on an embezzlement charge.
The indictment alleged Kinney did "willfully embezzle, purloin and misapply moneys and funds" of the credit union.
Last November the Vermont Department of Financial Regulation closed the Derby Line-based credit union, which was first chartered in 1963.
An attorney for Kinney did not immediately return a phone call seeking comment.
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