Karl S. Little Foundation

The Karl S. Little Foundation provides scholarships to Western CUNA Management School, covering 80% of tuition costs. In 2022, the following are eligible for scholarships:

  • Employees of credit unions with up to $150 million in assets, attending any year of the school, or
  • Employees of credit unions with assets over $150 million who attended in 2018 and/or 2019.

2022 scholarship information will be available in the spring of 2022.

Staff members of the Utah Credit Union Association administer the Foundation, coordinating the fundraising and scholarship application processes.

 

About Karl S. Little

The foundation is named after Utah’s Mr. Credit Union, Karl S. Little, who spent decades of his life advancing the credit union movement, from the 1930s into the 1960s.

Karl S. Little believed in credit unions because he felt they created a recourse for those driven to loan sharks for money. He viewed credit unions as a tried and proved method by which people could build greater financial security for times of necessity. Credit unions could elevate the moral tone of economic life in Utah by serving man and not money. They provided the average person with three important services:

  • Promoting thrift among its members by
  • Affording the means of saving money and
  • Procuring loans for productive purposes at low rates of interest


In 1935, Karl became the first managing director of the Utah State Crdeit Union League, and held the position for about 30 years. He helped organize more than 200 credit unions in Utah. According to Karl, one such credit union, the Utah Poultry Producers Council Credit Union, “was organized while we sat around on grain-filled gunny sacks during a lunch period, and in one-half hour had the organization reday to roll.”

Karl once said, “What I want to result from my own efforts is for people to say, when I am old and in a wheel chair, ‘That is Karl, he organized my credit union. He helped eliminate crooks and loan sharks in Utah. He made me, a little man, feel important and gave me the confidence to manage my own financial affairs. He worked for me because he believed in me.’”

Photo of Karl S. Little