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Credit Union Employee Indicted On Embezzlement Charge

The only employee of a small northern Vermont credit union that was taken over last year by federal regulators is now facing embezzlement charges.

A federal grand jury has indicted Debra Kinney on an embezzlement charge. She was the CEO of the now-closed Border Lodge Credit Union.

The indictment alleges 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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