The Credit Union Australia's decision to close its Corrimal branch has been branded as "cynical and opportunistic" by a union official.
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The branch, which employs five people, will close on August 21.
Wendy Streets from the Finance Sector Union of Australia said it was a "disaster" for workers who will lose their jobs but also for credit union customers.
"There's a cliché about 'never wasting a good crisis', and CUA certainly aren't wasting this COVID pandemic," Ms Streets said.
"This is a cynical and opportunistic ploy by CUA using COVID-19 as excuse to bolster their bottom line."
A CUA spokesman said there had been a "significant decline" in customer numbers at the Corrimal branch and they have made redeployment offers to some employees.
"As a result, this branch will permanently close," the spokesman said.
"We understand this will inconvenience some members but we continue to invest in a range of other channels, including our Figtree branch, digital and contact centre channels."
He said the closure was not related to COVID-19.
Glen Humphries
I'm an award-winning senior journalist with the Illawarra Mercury and have well over two decades' worth of experience in newspapers. I cover the three local councils in the Illawarra for the Mercury, state and federal politics, as well as writing for the TV guide. If I'm not writing, I'm reading.
I'm an award-winning senior journalist with the Illawarra Mercury and have well over two decades' worth of experience in newspapers. I cover the three local councils in the Illawarra for the Mercury, state and federal politics, as well as writing for the TV guide. If I'm not writing, I'm reading.
