NCUA Names New President of Asset Management and Assistance Center
Appointee currently serving as deputy to the president of AMAC, has been with agency for over 20 years.
The NCUA on Thursday named Cory Phariss as the new president of the Asset Management and Assistance Center (AMAC).
In his new role, Phariss will serve as the key advisor to the agency board on matters such as implementing liquidation payouts, managing assets acquired from liquidations, and managing recoveries for the National Credit Union Share Insurance Fund.
NCUA Board Reaction
“Cory has already played a significant role in several large, complex credit union resolutions while serving as deputy to the president of AMAC,” NCUA Chairman Todd Harper said. “With his extensive experience, exceptional business acumen, and strong management skills, Cory is well-suited to lead the Asset Management and Assistance Center and will hit the ground running.”
“Few jobs at NCUA are as crucial as President of AMAC, so I’m pleased we’ve promoted a high performer like Cory to this position,” board Vice Chairman Kyle Hauptman added.
Board member Rodney Hood said that Phariss “is knowledgeable, trustworthy, and studious. The NCUA significantly relied on Cory as he successfully managed the agency through the taxi medallion crisis, so I know he will be able to face any challenge that comes his way.”
Over 20 Years With the Agency
Phariss currently serves as the deputy to the president of AMAC. He joined the NCUA in 1999 and has served in various roles including supervisory examiner and director of supervision in the agency’s former Region IV.
He holds a Bachelor of Business Administration from Texas Tech University.