A CREDIT union branch opening at Berrigan is a “long, long way away”.
Central Murray Credit Union chief executive John Pattison made the comment after his organisation held a public meeting in the southern Riverina town last week.
“We have to put some sums together and look at modelling, but it’s a long, long way away before anything is done,” he said.
Mr Pattison said backing from businesses and the Berrigan Shire was crucial to the Yarrawonga-based credit union pursuing a branch.
Salaries for three staff could be $200,000 and there would also be high costs in operating a five-day-a-week branch, Mr Pattison said.
Since the ANZ Bank shut its branch in 1997, Berrigan’s sole financial outlet has been a nab which opens 11am to 2.30pm Monday to Friday.
Berrigan councillor and former mayor Bernard Curtin said he believed “there would be no reason why they (the shire) wouldn’t invest money with these people”, adding it was “distinct possibility”.