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Showing posts from February, 2026

People Trust Credit Union taken over by federal regulators due to unsafe and unsound practices

 Arlo Washington removed as CEO by federal regulators On January 16, 2026, the National Credit Union Administration ("NCUA") placed People Trust Community Federal Credit Union into conservatorship because of unsafe and unsound practices. They gave CEO Arlo Washington the old heave ho and gave control of accounts to Arkansas Federal Credit Union ("AFCU"). People Trust account members were directed to go to AFCU's 17500 Cantrell Road location in Little Rock for continued service. The credit union had two locations. One in North Little Rock and the other in Little Rock. 4301 E. Broadway St, North Little Rock 4000 W. 12th St, Little Rock There is no information posted at the former Little Rock location of People Trust to indicate the failure of the institution and where to go to get your money or make payments on loans. Just a undated notice about the lobby being temporarily closed due to seasonal changes and to minimize the spread of germs. People Trust was charter...