Daylight robbery near police station

A man has robbed a credit union and escaped on pushbike under the nose of Woy Woy police.

The robbery occurred at the Community First Credit Union, opposite Woy Woy police station, on May 1.

A man aged in his early 40s entered the Blackwall Rd credit union at 10.20am, according to Gosford Police.

The man demanded money from the teller before fleeing the scene on a pushbike.

The suspect was described as wearing a green or blue jacket with a hood, cream shorts and dark coloured joggers.

Police did not confirm or deny that the man was carrying a homemade bomb.

Gosford councillor Chris Holstein has criticised police presence on the Peninsula: "It doesn't say much when a business, which is located directly opposite a police station, is robbed in the middle of the day and the culprit escapes on a push bike," Cr Holstein said.

"This incident is an absolute and utter disappointment, especially for business owners on the Peninsula.

"Last year, in the lead-up to the State election the police were everywhere," Cr Holstein said.

"Where are our resources now when we need them?"

Detective Brad Foot from Brisbane Water Local Area Command of NSW Police said the robbery was still under investigation and no suspects had been arrested.

Clare Graham, 22 May 2008 Interviewee: Chris Holstein, Gosford Council Interviewee: Brad Foot, Brisbane Water LAC