Credit Union Closed

North Country News
7:45 pm
Thu June 20, 2013

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.

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WAMC News
5:15 pm
Fri November 30, 2012

Vermont Regulator Closes Border Lodge Credit Union

The Vermont Department of Financial Regulation has closed a Derby Line-based credit union and appointed the National Credit Union Administration to oversee its liquidation.

In a statement issued Friday, the Vermont's top financial regulator, Stephen Kimbell, says the seizure was done in cooperation with federal authorities and came after "examiners discovered issues that raised serious concerns."

He did not say what those concerns were.

He says the credit union's customers will be protected.

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