Arlo Washington

Arlo Washington is the President and CEO of PEOPLE TRUST Community Federal Credit Union, which he founded in September 2022. This institution is notable for being the first Black-owned bank in Arkansas, aimed at providing financial services to underserved communities, particularly low and moderate-income individuals who often lack access to traditional banking options.12

Background and Career

• Early Life: Washington faced significant challenges early on, including the responsibility of caring for his younger sisters after their mother passed away. This experience motivated him to pursue entrepreneurship, starting with a barbershop using a student loan intended for his education.2
• Entrepreneurial Ventures: He opened multiple barbershops and later founded the Washington Barber College in 2008, which became accredited and allowed him to provide loans to students. His experiences highlighted the lack of financial resources available to his community, prompting him to create the People Trust Community Loan Fund.23

PEOPLE TRUST Community Federal Credit Union

• Mission: The credit union focuses on offering financial products and services to those who would otherwise be excluded from such opportunities, addressing systemic issues in access to capital within the community.23
• Impact: Under Washington's leadership, the credit union aims to bridge the racial wealth gap and empower local residents through financial literacy and accessible banking services.13

Education and Certifications

• Washington is a Certified Financial Educator, having completed his certification through the National Financial Educators Council between 2019 and 2020.1

Recognition

In 2014, he was honored as the Goodwill Community Partner of the Year, reflecting his commitment to community service and economic empowerment.1

Arlo Washington's journey from barbering to banking exemplifies his dedication to enhancing financial literacy and accessibility in his community.