When neighbors started coming to his Little Rock barbershop to borrow money, Arlo Washington went a step further and chartered Arkansas’ newest credit union.
In this episode of Next City, host Lucas Grindley discusses the importance of community support during times of financial distress. The story focuses on Arlo Washington, a barber who opened a credit union to service those in need of financial assistance in Arkansas. The episode also explores the drop in the number of credit unions in the last decade and how a ban on payday lending created an even bigger need.
