Debra Kinney, the former CEO of Border Lodge Credit Union in Derby, Vt., will serve three years in federal prison for embezzling more than $630,000 from accounts of 33 members.

Kinney, 59, of Derby, was also ordered by U.S. District Court Judge William K. Sessions in Burlington last week to serve five years of supervised release after completing her prison term and to pay restitution in an amount that will be determined within three months, according to court documents.

Pleading guilty to fraud charges in December, Kinney admitted to embezzling funds by writing checks against member accounts to herself or family members, prosecutors said. In addition to the guilty plea, she also agreed to pay the U.S. government $250,000 by forfeiting her property.

Complete your profile to continue reading and get FREE access to, part of your ALM digital membership.

  • Critical information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including and

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.