BURLINGTON, Vt. (AP) - The former head of a Vermont credit union has pleaded not guilty in federal court that she embezzled several hundred thousand dollars from customer accounts.
Debra Kinney, 58, was indicted earlier this month in Burlington. She was the CEO of the now closed Border Lodge Credit Union.
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.
The Burlington Free Press reports court papers say Kinney is accused of depositing money from the credit union into her savings account and into the account for a close friend.
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