A 24-year veteran of the federal credit union regulator has been promoted to oversee the agency’s facility for handling problem assets it has acquired from operating and liquidated credit unions, the agency said Thursday.
The National Credit Union Administration (NCUA) said Cory Phariss was promoted to president of the agency’s Asset Management and Assistance Center (AMAC). He now serves as deputy to AMAC President Keith Morton, who is also director of NCUA’s southern region. Phariss will take his new job Feb. 12, the NCUA said.
In addition to handling problem assets, the AMAC, located in Austin, Texas, provides consulting services to NCUA regional offices on lending analysis, records reconstruction, and fraud investigation. It also trains NCUA and state credit union examiners.
Phariss joined the NCUA in 1999. He has held positions including supervisory examiner and director of supervision in the agency’s former Region IV. He has also led and participated in a variety of national initiatives, including the agency’s enterprise modernization efforts and the taxi medallion resolution.
He holds a Bachelor of Business Administration from Texas Tech University in Lubbock, Texas.