Illawarra Credit Union Enterprise Agreement COVID-19 forces a pause on negotiations, Union members reach a deal on a 2.5% payment.

Illawarra Credit Union (ICU) has made a formal request to the FSU to put a hold on negotiations for a new enterprise agreement for 12 months as a result of the unprecedented health crisis and its impact on ICU’s operations.

Following consultation with members the FSU has asked that the commitment to negotiate in 12 months’ time form part of a Memorandum of Understanding. ICU have agreed.

The FSU, on behalf of members, have successfully negotiated a one-off 2.5% payment backdated to 1 October 2019.  This payment to union members and ICU workers will be made on Tuesday 16 June 2020. 

Not a member? Join online at

Authorised by Julia Angrisano, National Secretary