Workers credit union faces closure over unpaid taxes, union says

Employees at a credit union in central New South Wales have been ordered to repay the union for unpaid taxes and court costs.

Key points:A union says the union has been told to repay its dues, court costs, legal fees, fines and penaltiesThe union says it is “totally disgusted”The union said the charges were the result of a “misunderstanding”The Credit Union of New South Wairarapa (CUPW) has been forced to suspend its operation and its membership has been suspended, a spokesperson for the union said.

“We have been advised to return to our former position,” the spokesperson said.

The CUPW is in talks with the Credit Union Branch, which is responsible for paying for the debts and expenses associated with the union’s operations.

“The issue has arisen due to an understanding that CUPWs had been told by the Credit union to repay their dues, fees and penalties,” the spokeswoman said.

“We have a legal team working on a case that is currently in court.”

The Credit union has the power to levy the required amount from employees and is able to levy fines of up to $50,000.

The spokesperson said the union was not aware of any other debt, fines or penalties being levied by the credit union and had not been approached for further comment.

“There is absolutely no other explanation for why the union would need to repay money to the credit unions, other than a misunderstanding,” the CUPw spokesperson said in a statement.

The union is in dispute with the credit association, the Credit Unions Union Association (CUUA).

The CUUA is owned by a consortium of major banks including Western Australian bank.

A spokesperson for CUUA said it was “fully aware of the situation” and would be “working with the unions management to resolve the matter”.