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Dept. of Financial Regulation closes Border Lodge Credit Union in Derby Line



Vt Digger - - 9:31 am Mon Dec 3rd, 2012

Stephen W. Kimbell, Commissioner of the Vermont Department of Financial Regulation, announced today that he has taken possession of the Border Lodge Credit Union in Derby Line, Vermont, and closed it.

Kimbell said the seizure was done in cooperation with U.S. Attorney Tristram Coffin, the Federal Bureau of Investigation and federal authorities from the National Credit Union Administration (NCUA).

"Our examiners discovered issues that raised serious concerns.

Read the whole story in the Vt Digger - : http://vtdigger.org/2012/11/30/dept-of-financial-r...

Relevant Address(es):
Derby, VT 05829 (Set as Local)
Montpelier, VT 05602 (Set as Local)

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