08/20/2013 11:53 EDT | Updated 10/20/2013 05:12 EDT

B.C. Mounties nab suspect after credit union on Vancouver Island robbed

VICTORIA - A male suspect is in custody on southern Vancouver Island following a robbery at a credit union Tuesday morning.

The incident took place at the Island Savings credit union in the Victoria suburb of Langford at about 11:30 a.m.

Police say a suspect wearing a black balaclava entered the credit union, produced a firearm, demanded money and fled in a car with an undisclosed amount of cash.

But a witness recorded the licence-plate number and investigators were able to locate the vehicle at a local residence.

Police say members of the emergency response team were called in because a firearm was involved.

The name of the suspect has not yet been released, but police say he is known to them and lives locally.