UPDATE: Suspect with blue pillowcase flees after robbing credit union

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TEMPE -- Tempe police are looking for a suspect who robbed an Arizona Central Credit Union Friday afternoon.

Police say the suspect entered the credit union near Southern Avenue and Price Road and shouted, "Don't hit the alarm," while displaying a handgun.

Police say the suspect demanded all of the money from the tellers' cash drawers. He also demanded that the money be placed into a baby blue pillowcase that he provided.

The suspect then ran out of the credit union.

No one was injured and the suspect did not fire his weapon.

The suspect is described as a white male, in his 30s, 5 feet 11 inches to 6 feet tall with a heavy build. He was last seen wearing a dark knit beanie cap, black sunglasses,a white T-shirt over a black shirt, tan shorts and sandals. He was also seen carrying a handgun and a baby blue pillowcase containing cash.

The suspect was last seen traveling southbound on Price Road in a late model maroon Chevrolet Monte Carlo with a number of stickers on its rear window.