Debra Kinney, the former CEO of the shuttered Border Lodge Credit Union of Derby Line, Vt., is now scheduled to be sentenced April 14, 2014, in U.S. District Court in Burlington, Vt.

She pleaded guilty last month to embezzling from member accounts. In addition to the guilty plea, Kinney has agreed to pay the U.S. government $250,000 by forfeiting her property.

An FBI investigation revealed that Kinney stole more than $70,000. Some of the funds, deposited in a savings bank, were used to pay for personal expenses, according to court documents. What's more, $207,000 of “suspicious withdrawals” were made from various member accounts to another bank account, according the FBI.

Kinney, 58, who operated the cooperative from her home, was indicted in June by a federal grand jury. The embezzlement occurred from November 2010 to late in 2012.

On Nov. 30, 2012, the Vermont Department of Financial Regulation closed the $3.1 million, Border Lodge and appointed the NCUA as the liquidating agent.

The decision to liquidate the credit union was to conserve the assets and protect the interests of the 1,097 members, Vermont DFI said.

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