An investigation is underway following an armed robbery at a credit union in Dapto today.

About 2.45pm (Thursday 28 June 2018), a man entered the bank on the Princes Highway armed with a knife.

He threatened staff members while demanding money.

A sum of cash was handed to the man and he ran from the premises.

No one was injured during the robbery, and detectives from Lake Illawarra are now conducting a full investigation.

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